Most sellers are also preparing to move into a new home. That’s why this bonus article is a valuable part of my series, Selling Your Home Made Easy. This step-by-step guide has walked you through the entire selling process, and now we’re tackling the next big question: how to handle buying and selling at the same time. 

If you’re ready to move up to a new home, you may be wondering what to do first: 

• Sell your current home and use the proceeds to buy the next one 

• Buy your next home and hope your current one sells quickly 

It’s a common challenge. No one wants to carry two mortgages or feel stuck without a place to live. Here are some ways to avoid that situation and move forward with more confidence. 

Start with Planning and Preparation 

Timing matters. Regardless of which option you choose, pre-planning is essential. 

• Get your home ready to sell. Even if you plan to buy first, it’s smart to finish any improvements or prep work now so you can list quickly when the time comes. 

• Study the local market. Look at what homes you’re competing with and how fast they are selling. This helps you price your home appropriately or determine if you want to wait for stronger conditions. 

• Get pre-approved for a mortgage. This is a must. It shows sellers you are serious and prepared, and it gives you a clear idea of your buying budget. 

• Consider financing options. Bridge loans can be helpful if you need to buy before you sell. This short-term solution helps cover the gap and gives your offer more strength. 

• Focus your home search. Look only at homes that fit your price range and meet your needs. If you’re serious about moving, stay focused and efficient in your search. 

• Understand contingency clauses. You can make an offer contingent on selling your current home or make your sale contingent on buying a new one. Just keep in mind that many sellers prefer offers without contingencies. 

Selling First: Pros and Cons 

Most real estate professionals recommend selling your current home first. Here’s why: 

Pros: 

• You won’t feel rushed or pressured to accept a lower offer on your current home 

• You can make an offer on your next home without needing contingencies 

• Your equity is immediately available for your next purchase 

Cons: 

• You may need temporary housing while waiting to move 

• The pressure to buy quickly might affect your decisions 

Buying First: Pros and Cons 

Pros: 

• You have more time to search and make a thoughtful decision 

• You avoid needing temporary housing 

Cons: 

• You may be carrying two mortgages at once, which is not always possible or ideal 

• You will not know the exact equity you’ll walk away with from your current home 

Coordination is Key 

No matter which path you take, you’ll need to manage two transactions at once. That means dealing with lenders, inspectors, appraisers, title companies, and more, often on overlapping timelines. Having a trusted real estate advisor to manage the process and anticipate each step will make a big difference. 

Buying and selling at the same time doesn’t have to be overwhelming. I have a specific strategy that helps my clients transition smoothly from one home to the next. It’s designed to reduce stress, protect your finances, and help you land in the right home at the right time. 

If you’re thinking about moving, even if it’s months away, let’s start planning now. Send me an email, and I’ll help you lay out a plan that fits your timeline and goals. 

I look forward to helping you with this next chapter.