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20% of homeowners buy new property prior to selling their existing home

As many as one in five British homeowners who sold a property within the last year made the decision to find and purchase a new home prior to putting their existing property on the market, according to CoverBuilder.co.uk.

As part of the study, the team at CoverBuilder polled 2,847 adults aged 25 and over, all of whom had sold an existing property and purchased a new one within the past twelve months. All those taking part were split evenly across each of the UK regions and were questioned on how they went about the process of their most recent house move.

All respondents were asked if they put their previous home on the market before or after putting an offer in for the property that they now lived in. The majority (79%) stated that they waited to make any offers on new properties until they’d accepted an offer from a buyer, whilst the remaining 21% revealed that they’d given themselves the chance to search for and have an offer accepted on their ideal next home before putting their previous home on the market.

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