So. We've got a house and want to sell and move buying another one. Please help me think through this chicken and egg situation clearly? I've written some steps below as we see it but if you can correct and help us get a better picture nothing like it!
- Start looking through schools and nail down the area to buy in and look at prices
- Start disposing off junk from old house
- Check credit report and check that both of us have credit scores that are good
- Get some small repairs etc done
- Get three different valuations from different estate agents - decide on one you like and get some flattering photos taken and write description of house
- Meet with previous nice mortgage brokers and get a mortgage agreement in principle and also use them later to find the solicitor/conveyancer
- Put house on the market - try to look for chain free buyers - accept offers only if they look feasible (applies to us the other way as well - no vendor will accept our offers I guess unless we can show ours is up for sale and we have a mortgage DIP)
- Ramp up house search and start putting in offers especially favouring ones without an upward chain (again we are at a weak ground here for buyers because we have an upward chain)
- Look for a moving company - have an open house and dispose off any last bits
- Commit to a sale (how and this where it gets all chicken
and egg for us!)