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  • Amanda Ferrari

How Do I buy a House When I need to Sell?

How do you buy a new home when you need to sell your current one? It depends on your circumstances, and there are three strategies to consider. After watching this video you will know three options so you can make an informed decision. Each option has its benefits and drawbacks. Assessing your financial situation, the market conditions, and your personal preferences is key to choosing the right approach.

Here are three strategies to consider:

  • Buy First, Then Sell: If you're financially able to handle two mortgages temporarily or secure a bridge loan, this option allows you to buy your new home without the immediate pressure to sell.

  • Sell First, Then Buy: This approach minimizes financial pressure by ensuring you sell your existing home before committing to a new one. It might necessitate temporary housing or a lease back if there's a gap between transactions, but it clarifies your budget for the new purchase.

  • Contingent Offers: Making your new home purchase contingent on selling your existing property offers financial safety but may be less attractive to sellers in a competitive market.

If you still aren't sure what the best option is for you, let's have a conversation about your situation.

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