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

Are you a homeowner looking to sell your current house and buy a new one at the same time? You’re not alone, this is one of the most common questions homeowners face when making a move.

You might be wondering:

• Should I sell my house first or find my next home before I list?

• What happens if I sell too quickly and don’t have a new place to go?

• Can I use my equity right away to buy my next home?

The truth is, there’s no one-size-fits-all answer. But there is a smart way to navigate it and it starts with understanding your options.

Let’s break down the best strategy when you’re selling and buying a home at the same time, and how working with a trusted real estate agent can make the process seamless.

Why Selling Your Current Home First Is Often the Best Move

In today’s market, selling your house before buying your next one often puts you in a stronger position. Here’s why:

1. You’ll Unlock Your Home Equity

Over the past few years, home values have risen significantly. According to Cotality (formerly CoreLogic), the average homeowner now has over $300,000 in tappable equity.

By selling first, you can access that equity and use it toward:

• The down payment on your next home

• Moving expenses

• Or even make a cash offer on your next property

This can dramatically reduce your mortgage burden or eliminate it altogether.

2. You Avoid the Stress of Two Mortgages

Buying before selling could mean juggling two mortgage payments, even for a short time. That adds a lot of financial pressure and can create unnecessary risk.

Selling first simplifies your finances and gives you peace of mind. As Ramsey Solutions puts it:

“It’s best to sell your old home before buying a new one to avoid unnecessary risks and possible headaches.”

3. You’ll Be a More Competitive Buyer

In a competitive real estate market, sellers prefer strong, clean offers. If your current home is already sold, you don’t need to include a home sale contingency in your offer.

That gives you a major edge when bidding on your next home especially if you’re competing against other buyers.

A Common Concern: What If You Don’t Find a New Home in Time?

This is a real concern, and it’s one of the biggest reasons people hesitate to sell first. But here’s the good news: you have options.

If there’s a gap between closing on your current home and moving into your next one, your agent can help you with:

• Post-closing occupancy agreements (you rent your home back from the buyer)

• Flexible closing dates

• Short-term rentals or temporary housing solutions

With proper planning and an experienced agent, the transition can be smooth and stress-free.

Why Working with a Local Real Estate Agent Matters

When it comes to buying and selling a home at the same time, local market knowledge is everything. A skilled agent will help you:

• Understand current home values and buyer demand

• Time the market to your advantage

• Evaluate your home equity

• Create a tailored plan that fits your finances, lifestyle, and timing

They’ll also help you navigate contract negotiations, recommend trusted lenders, and ensure everything moves efficiently from listing to closing.

Final Thoughts: Sell First, Move Smarter

In most cases, selling your home first gives you more clarity, greater control over your finances, and a stronger position when buying, ultimately leading to a smoother, less stressful transition.

If you’re not sure where to start, let’s connect. We’ll review your current equity, map out your ideal timeline, and create a strategy tailored to your unique goals.