karen@mail.karencynowa.com
If you’re a homeowner planning to move, you’ve probably asked yourself:
👉 Should I start by finding my next home?
👉 Or should I sell my current house first?
The truth is, there’s no one-size-fits-all answer. The right move depends on your personal situation, finances, and local market conditions. That’s where a trusted real estate agent comes in—they’ll help you weigh your options, see what’s working for other homeowners in your area, and create a strategy tailored to you.
But here’s a little sneak peek: in today’s market, selling your current home first often puts you in a stronger position. Here’s why.
Selling your home first allows you to tap into the equity you’ve built up—money you can use for your next move. According to Cotality (formerly CoreLogic), the average homeowner has $302,000 in equity today.
That equity could cover a down payment, reduce your loan amount, or even help you buy your next home in cash.
If you buy before selling, you risk carrying two mortgages at once—even if only temporarily. That can put a big strain on your finances, especially if unexpected repairs or delays pop up.
As Ramsey Solutions explains:
“It’s best to sell your old home before buying a new one to avoid unnecessary risks and possible headaches.”
When you’ve already sold your house, you don’t have to make your offer contingent on that sale. That makes your offer more attractive to sellers—especially in competitive markets where clean, simple offers stand out.
Your agent can help position your offer to give you the best chance of winning the home you love.
Of course, selling first isn’t without its challenges. The biggest one?
👉 You may need temporary housing.
Whether it’s a short-term rental or staying with family, you’ll need somewhere to live between selling and buying. The good news: your agent can help negotiate flexible terms, like a rent-back agreement (where you stay in your home after closing) or a longer closing timeline, to make the transition smoother.
In many cases, selling first gives you clarity, financial strength, and peace of mind. It helps you buy your next home with confidence and less pressure.
If you’re ready to move but not sure where to start, connect with a trusted local agent. They’ll guide you through your equity, timing, and options—so you can decide what’s best for your unique situation.