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

If you're a homeowner thinking of moving, you’ve probably asked yourself this:
Should I find my next home first, or sell my current one before I start looking?

The short answer? It depends. But in many cases today, selling first can give you a major advantage. Let’s break down why 👇

🔓 1. You’ll Unlock Your Home Equity

Thanks to rising home prices, many homeowners are sitting on significant equity—an average of $302K, according to recent data.
Selling first lets you access that equity to use as a down payment (or more) on your next home.

💸 2. You Avoid Paying Two Mortgages

If you buy before you sell, you could be stuck paying two mortgages—plus unexpected costs or delays.
Selling first removes that pressure and helps you move with confidence.

📝 3. Your Offer Will Be More Competitive

When your current home is already sold, you won’t need to include a home sale contingency.
That makes your offer cleaner and more appealing to sellers—especially in a competitive market.

⏳ A Quick Tradeoff to Consider

You might need temporary housing between homes. But your agent can help you negotiate flexible closing dates or a post-sale rental agreement to smooth the transition.

🧭 Bottom Line

Selling first can give you more clarity, stronger buying power, and less financial stress.

Finding ways to make your credit score better could help you get a lower mortgage rate. When you’re ready to get the process started, let’s connect.