Do I need to sell first in order to buy?

The real estate advisor will ask you a series of critical questions during the initial meeting to advise you on, depending on your situation, what is the best way to do the operation. So that you are prepared, I share some examples:

• Do you want to buy another property with the money you'll get from this one?
• Do you know how much money you will have left after deducting the expenses involved in the transaction?
• Do you need to negotiate more time for the delivery of keys once sold?

The real estate agent must have the exact information of your situation because the good result of the operation depends on this. Remember that the work ends once the two procedures have been carried out, both for sale and purchase. You don't want to have to leave the home you sold without first buying another.

If you do not have the entire capital for purchasing your new house (without having sold the current one), and you find the ideal property to buy, ask your real estate advisor to help you add a condition in the offer of the new one. Also, specify in the purchase-sale contract that the acquisition of the property depends on selling the current one.

Remember that you need a professional advisor who is committed to successfully managing both operations.

Umida Lumsden

With a commitment to excellence, personalised service and an in-depth understanding of the Palma property market, Umida Lumsden guides her clients through every stage of the buying and selling process.

Her approach combines professional advice, commercial insight and advanced real estate marketing strategies to showcase each property at its best, highlight its unique features and connect with the right buyers.

For homeowners looking to sell, Umida develops a tailored marketing strategy designed around the individual characteristics of each property, ensuring an exceptional presentation and maximising its appeal in the market.

For those looking to buy, she offers a discreet and personalised service, identifying opportunities that match their preferences, lifestyle and objectives, with the aim of finding more than just a property: a place to call home.

Her philosophy is built on trust, transparency and dedication, delivering a seamless and professional real estate experience that exceeds expectations.

Because every property is unique, and every client deserves exceptional service.