Selling and Buying at the Same Time? Here’s What You Need to Know

Selling your home while also buying your next one can feel like a high-stakes juggling act. The good news is that with the right strategy, you can make the move smoothly and avoid common pitfalls. Here’s what you need to know if you’re thinking about buying and selling a home at the same time.

SHOULD YOU BUY OR SELL FIRST?

In today’s market, listing your current home before buying your next one can often put you in a stronger financial and negotiating position. Here’s why:

1. You’ll Unlock Your Home Equity

On average, home prices have significantly appreciated over the past few years. Selling your current home before you buy your next one allows you to tap into this equity you’ve built. And this equity can be used for your next down payment or even purchase your next home in cash. That kind of financial flexibility is a major advantage.

2. You Won’t Be Juggling Two Mortgages

Trying to buy before you sell means you could wind up holding two mortgages, even if just for a few months. That can get expensive, especially if there are unexpected repairs or delays. Selling first eliminates that stress and gives you a clear picture of the budget you’re working with.

3. You’ll Be in a Stronger Position When You Make an Offer

In today’s market, you want to put yourself in the best negotiating position possible. And if you’ve already sold your house, you don’t need to make your offer contingent on that sale. And that can help you stand out and land the home you want.

KEEP THIS IN MIND

Of course, every decision has trade-offs. Here’s the potential challenge with selling your home first:

1. You May Need a Temporary Place To Stay

It’s obvious, but worth noting. Once your house sells, you may need a short-term rental or to stay with family until you can move into your next home. You can negotiate things like a post-closing occupancy (renting the home from the buyer for a set period) or flexible closing dates to help smooth out that transition as much as possible.

WANT A PERSONALIZED PLAN?

Every move is different and your strategy should be, too. If you’re thinking about selling and buying at the same time, I can help you map out a step-by-step plan tailored to your goals and timeline.

Simply reply to this email, and we’ll set up a time to talk. No pressure, no obligation—just expert guidance when you need it most.

Best,