Selling your home or buying a new one?

Selling your home or buying a new one?

Buying a new home? You should sell your existing home first. Or is it the other way round? Let us clear up the confusion.

Buying a new home first?

Just bought a new home? You can sell your existing home to finance the purchase. But what if you are unable to sell it?

Fortunately, the bank can help you out with a bridging loan. This is handy, as you can now finance the purchase of your new home while you wait for the sale of your existing home to go through. You repay the bridging loan with the proceeds of the sale.

What if the proceeds of the sale are not enough to repay the bridging loan in full? In that case, you can take out a long-term mortgage to cover the shortfall. Depending on your personal situation, we will work with you to find the best solution.

Important: a bridging loan has a maximum term of 12 months. If your home is not sold within that period, you should contact KBC Brussels. We can then explore the options and propose the best solution.

Or sell my home first?

You first sell your present home and only then buy a new home. That can sometimes be awkward if you can't immediately find a new place because the rule is that the sellers have to quit their property no later than the day the paperwork is signed at the notary public's. If the buyers aren't ready to move either, you can agree with them to continue living in the house for a bit longer. A win-win situation for both parties. For the extra time you stay in the home, the buyer can charge a fee for your occupancy. This means that you pay a kind of rent to the buyer as long as you remain in the house after the paperwork is signed.


There is no ideal solution. Think hard before you put your home up for sale and buy a new one. In short, look at the entire financial implications. A YourHome Expert will help you look for the best solution.