What Should I Do First — Sell My Current Home or Buy a New One?

What Should I Do First — Sell My Current Home or Buy a New One?

This is one of the most stressful decisions for homeowners planning a move. Do you sell first and risk being without a home? Or buy first and worry about carrying two mortgages?

The best approach depends on your finances, timeline, and comfort level.

Option 1: Sell First

Pros:

You know exactly how much you’re netting.

You’re not juggling two payments.

Your offer on the next home is more straightforward.

Cons:

You may need temporary housing.

You’ll be on a tighter timeline to find your next home.

Great for: Sellers who want financial certainty before moving forward.

Option 2: Buy First

Pros:

You can move without disruption.

You have time to be selective.

Your move can be seamless.

Cons:

You may need a bridge loan or carry two mortgages temporarily.

Financial qualification is more complex.

Great for: Sellers with strong financials or the desire for a low-stress move.

Option 3: Make a Contingent Offer

This allows you to purchase your next home only if your current one sells.
It’s not always accepted in competitive markets, but in a balanced market, it can work beautifully.

Option 4: Negotiate a Post-Occupancy Agreement

You sell your home but stay for a predetermined period (usually 30–60 days).
This gives you breathing room to find and close on your next property. *Most home loans require the buyer to occupy the home within 30 days of closing. This is the most complicated option as there are also legal liabilities to consider for both the buyer and the seller with a post-occupancy. 

So Which Is Best?

There isn’t a one-size-fits-all answer — but working with a strategy tailored to your situation makes the entire process smooth and far less stressful.

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