Should I Buy a House Before I Sell My Current Home?

Jackson & Ali Rohde

Sep 7

1 min read

One of the most stressful situations for homeowners is trying to figure out what comes first:

Buy the new house—or sell the current one?

There's no universal answer.

Option 1: Sell First

Selling first gives you a clear picture of your available equity and purchasing power.

It can also eliminate the stress of carrying two homes at once.

The downside?

You may need temporary housing if you sell before finding your next home.

Buying first allows you to move directly from your current home into your new one.

But it can also mean carrying two mortgages or housing payments temporarily.

You'll need to make sure your finances can support that possibility.

Sometimes the best strategy is coordinating the sale of your current home with the purchase of your next one.

This requires careful planning.

Things like:

can all become important.

Start by understanding your numbers.

How much equity do you have?

What would your current home realistically sell for?

What do you owe?

What payment are you comfortable with on your next home?

Once you understand those numbers, you can build a strategy.

We don't believe there's one "right" way to move.

We help you look at the options and determine which approach makes the most sense for your family and your goals.

Ali Rohde, exp Realty