Sell Before You Buy? Or Buy Before You Sell? Here’s the Answer

If you are planning to move from one home to another, one of the biggest questions is timing. Should you sell your current home first or buy your next one first?

 

The answer depends on your financial situation, your risk tolerance, and the current market. Let’s break it down.

 

Selling First Selling your current home before buying your next one gives you a clear picture of your budget. You will know exactly how much equity you have, and you can make a stronger offer on your next home without being tied to another mortgage.

 

This option is often less risky, but it does come with a challenge: where do you live in the meantime? You might need temporary housing or ask for a rent-back agreement where you stay in your home for a short time after closing.

 

Buying First Buying first means you can take your time to find the right home without worrying about where you will go next. This is a great option if you have the financial flexibility to carry two mortgages for a short period or qualify for bridge financing.

 

However, this route can be more stressful financially. You may feel pressure to sell your current home quickly, which could lead to a lower price if not managed well.

 

How to Choose What’s Right for You If you need the equity from your current home to buy, selling first may be the better move. If your finances are more flexible or you found the perfect home and do not want to risk losing it, buying first can work, with the right strategy.

 

The key is to plan with the market in mind. In a seller’s market, it is easier to sell fast, so buying first might be safer. In a buyer’s market, selling first might give you more control.

 

Let’s Build a Custom Move Plan At Founded Realty, we work with a lot of clients who are buying and selling at the same time. We can help you time both transactions to reduce stress, protect your finances, and make your move as seamless as possible.

 

We also offer strategies like home sale contingencies, rent-back options, and our Buyer Confidence Commitment. If you are not fully satisfied with your new home within the first 12 months, we will sell it for you for free.*

 

Reach out for a no-pressure consultation and let’s find the best path for your move.