Selling one property to buy another in Uruguay
Most sales are not really sales: they are moves. Somebody sells because they want to buy something else — bigger, smaller, another neighbourhood — and the two operations have to fit together.
The three routes
1. Sell first
The safest. You sell, the money is available and you buy without pressure or conditions. And a buyer with the money in hand negotiates better: it is worth more than a strong offer that depends on someone else selling first.
The cost is logistical: between the two operations you have to live somewhere. That is solved either by negotiating a period to stay on after the sale — agreed and put in writing — or with an interim move.
2. Buy first
The most comfortable and the riskiest. You buy what you like without rushing, but now you own two properties and face real pressure to sell yours.
That pressure is paid for in price. If you take this route, have your own property valued, prepared and with its documentation in order before buying the other one.
3. Coordinate both
The ideal and the most delicate. Both deals sign close together — sometimes the same day — with no interim move and no double ownership.
It requires both sides to accept the timing and, above all, the documentation of both properties to be spotless: on a tight calendar, one missing paper delays the whole chain.
What is worth doing whichever route you take
Search before you sell. Even before listing. Look, visit, understand real prices for what you want to buy. Plenty of people sell and only then discover that what they wanted costs considerably more than they thought.
Have your property ready first. Valued, prepared and with the paperwork checked. In a two-deal chain, whoever is ready sets the pace.
Talk to the notary at the start. If the two operations are going to be chained, they need to know from day one to organise the timing.
The most common mistake
Planning the purchase around the price you hope to get rather than the one the market will support. The whole chain is built on that number: if it is inflated, the chain collapses.
That is why the valuation is not a closing formality — it is the first piece of data of the next purchase.
How we work
When we know there is a purchase behind the sale, we plan it differently: the timing, the kind of buyer we look for and the conditions we negotiate all change. And we give you a realistic selling timeframe for your property, which is what you need in order to decide the order.
Frequently asked questions
Should I sell first or buy first?
It depends on how urgent it is and how much risk you can carry. Selling first is safer and lets you negotiate the purchase with the money available. Buying first is more comfortable but puts you against the clock to sell, and that is almost always paid for in price.
Can I ask to stay in the house for a period after selling?
It is negotiable and more common than people think. It is agreed with the buyer and recorded in writing in the document the notary prepares.
What if I sell and cannot find anything to buy?
That is the real risk of selling first, and it is managed by starting to look before listing. Knowing the market for what you want to buy changes the conversation entirely.
Is it better to sign both deals on the same day?
It is possible and it is done, but it requires both sides to accept the timing and the documentation of both properties to be in order. The tighter the calendar, the more important it is that no paper is missing.
Should I use a bridging loan?
That is a question for your bank, not for an estate agent. What we can tell you is the realistic timeframe the market is currently taking to sell a property like yours — which is the figure the bank will ask you for.
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- Criterio profesional de Ignacio Brañas, Brañas Negocios Inmobiliarios (se indica como tal en el texto)
General information. It does not replace advice from a Uruguayan notary (escribano) or accountant for your case. Ignacio Brañas has worked in real estate in Montevideo for more than 10 years.