If you’re thinking about moving, you’ve probably asked yourself one of these two questions:
Is it better to find my next home before selling my current one?
Or should I sell my house first and then start searching?
The right answer depends on your financial situation, your local market, and your flexibility. That’s why working with an experienced real estate agent can be so valuable.
A trusted agent understands current market trends, buyer demand, and what’s working for other sellers right now. But here’s an insider tip: in many situations, selling first can put you in a stronger position.
Benefits of selling first
1. You unlock your home equity
Selling before buying gives you access to the equity you’ve built up. According to Cotality, the average U.S. homeowner has about $302,000 in equity right now. That money could cover your next down payment or even allow you to buy in cash.
2. You avoid carrying two mortgages
Buying before selling can leave you paying two mortgages at once, even if only for a short time. That can quickly get expensive and stressful. Selling first eliminates that risk.
3. You make a stronger offer
If your current home is already sold, your offer won’t need to be contingent on that sale. Sellers often prefer clean offers without extra conditions, which can give you an edge in a competitive market.
A Potential drawback
The main downside is that you might need temporary housing between selling and buying. Your agent can help you negotiate a post-closing occupancy or flexible closing date to make that transition smoother.
Selling first often means more financial clarity, stronger buying power, and less pressure. If you’re considering a move, connect with a local agent who can walk you through your equity, market conditions, and the best strategy for your situation.
