Sell before buying your property.

For the past three years, the time taken to sell a property has lengthened. For the sale of a house or apartment, you will have to count on average more than three months. By selling your property before acquiring a new one, you will not have to take out a bridge loan. However, if you are unable to find a home that meets your criteria within three months of the sale, you will have to move to a temporary rental, which is not optimal from a financial point of view. On the other hand, buying a new home before you have sold the old one gives you all the time you need to find the house you dream of. According to the president of Meilleursagents.com, Sébastien de Lafond, the ideal is to sign a promise of sale before committing to buy a new home.

Offered by the majority of banks, the " buy-resell " loan includes the repurchase of the capital of the current credit related to the property for sale and the financing of the new property. You will therefore reimburse a single monthly payment, which may also include notary and moving costs. You will have two years to sell your house or apartment, and at the time of resale, you will repay part of the loan in advance, free of charge ! By opting for this type of loan, you can reduce your debt compared to a conventional bridge loan.