Moving up: buying and selling at the same time

Moving up means two transactions, and the risk is in the gap between them. You can sell first and buy with cash in hand, buy first with bridge financing or a long closing, or offer conditional on the sale of your home. We price your current home before you shop, so you know your real budget, then line up both closing dates.
A living room with a gas fireplace, built-in shelves and hardwood floors

Should I buy first or sell first?

In a slower market, selling first is safer: you know your proceeds before you commit. When good homes are scarce, buying first can matter more, as long as your lender approves bridge financing or you can carry both homes briefly. We look at current inventory in your target neighbourhood with you before choosing.

What is an offer conditional on the sale of my home?

It lets you buy, subject to selling your current home by a set date. Sellers often accept it with an escape clause: if they get another offer, you have a short window to firm up or step aside. It works best when your home is priced to sell and ready to list.

What is my current home worth?

Start there. A home evaluation is prepared personally by Rob or George for your home and its condition, not an automated estimate. Then compare what that budget buys with the luxury homes and detached homes listed today.

Questions and answers

What is bridge financing?

A short-term loan that covers your new down payment until your current home closes. Your lender decides whether you qualify and for how long.

Can I have both closings on the same day?

Often, yes, if both lawyers and lenders can work to it. Many people add a few days of overlap for the move.

Do you sell and buy for the same client?

Yes, regularly. Many of our Google reviews come from clients who did both with us.

Do I pay land transfer tax again on my next home?

Yes. As the buyer you pay Ontario land transfer tax on closing, and the first-time buyer refund does not apply once you have owned a home. London has no municipal land transfer tax. On an $800,000 home it is $12,475; try your price in the land transfer tax calculator.