Should I Buy My Next Home First or Sell My Current Home First?

This is one of the most emotional decisions sellers make.

"Do we buy first… or sell first?"

And honestly?

Both can work. I know it seems like both can be challenging, each scenario has it's own risks or challenges.

Selling first can mean:

• More financial clarity

• Stronger negotiating power

• Less risk

But also:

• Temporary housing

• Short-term inconvenience

The biggest question I get when moving through this scenario is "where will I move if I can't find a house and my home has already sold?" That is a legitimiate question that involves a situational answer that's designed for each familly. Sometimes the answer involves a longer close, sometimes it means living with family members, other times it means putting your belongings in a storage unit. There are a few options when it comes to working out this process.

Buying first can mean:

• Smoother transition

• Less moving stress

But also:

• Carrying two payments

• Financing complexity

• 
  

The biggest question I get when moving through this scenario is "when will my home sell?" That is also a legitimiate question that involves a situational answer that's designed for the pace that you want the home sold. Sometimes the answer involves stragetic pricing, sometimes it means allowing the home to be on the market for proper marketing, other times it means staging your home so that it appeals to many buyers. There are a few options when it comes to working out this process.

The right answer depends on:

• Your equity

• Your comfort with risk

• Inventory in your target area

• Your financing options

This isn’t just a real estate decision.

It’s a life decision.

And it deserves a strategy—not a guess.