Second or third home buyers could be committing a huge mistake by buying first then selling in the current state of the property market.
Homeowners should stay away from a situation where there must get a certain sales amount for their current home to be able to pay for their new home purchase.
I have come across people who couldn’t finalise the purchase of their next home due to their failure to sell their house first and as a result lost their 0.025% deposit. Not to mention their excitement to sell, purchase again and make a move. Nobody likes loosing or having to hand over money for nothing.
No person has the same situation, but if you’re not cashed up, I would usually advise to sell first and then decide what to purchase depending on how much you got for your property.