If you’re planning a move, one big question always comes up: should you sell your current house first or buy your next one first? The right answer really depends on your personal situation and what’s happening in your local market.
Why Sell First?
Selling your house first can make sense if you want to avoid the stress of paying two mortgages at once. Many homeowners rely on the proceeds from their current home to help fund their next purchase, so selling first can give you a clear budget for your next move.
It’s also a safer bet if homes in your area are taking longer to sell. Knowing that your home is already sold can give you peace of mind and help you avoid the risk of carrying two properties at the same time.
Why Buy First?
On the other hand, buying first can be the better choice if you want to avoid the hassle of temporary housing between moves. If you have enough savings to cover the down payment for your new home, this option can make your transition smoother and less stressful.
In a competitive market where homes are selling quickly, buying first can also help you secure a new place before your current home sells. You’ll have more time to find the right fit without feeling rushed.
Finding the Best Path for You
At the end of the day, both options have their advantages and challenges. The best choice depends on your finances, timeline, and comfort level with risk.
The smartest move? Talk it through with a trusted real estate professional who knows your local market. With the right guidance, you can make a plan that feels right for you and your family.
