Selling and Buying at the Same Time? Here’s How To Make It Work

If you already own a home and you're thinking about moving, one of the first questions you're probably asking is:Should I sell first, or should I find my next home before listing?

The truth is—there’s no one-size-fits-all answer. It depends on your timeline, your finances, and what’s happening in your local market. That’s where a trusted real estate agent can really make a difference. They’ll help you figure out what strategy works best for you.

But in today’s market, more often than not, selling your current home before buying your next one can give you a stronger position. Let’s break down why that might be the smart move—and how to navigate it.

Why Selling First Can Be a Win

1. You Can Tap Into Your Equity

Over the past few years, home values have climbed—meaning homeowners like you have likely built up some serious equity. According to recent data from Cotality (formerly CoreLogic), the average homeowner has over $300,000 in equity right now.

By selling your home first, you can unlock that equity and use it for your next down payment. In some cases, it could even allow you to buy your next place outright—no mortgage needed. That kind of financial flexibility can be a game-changer.

2. You Avoid Carrying Two Mortgages

Buying a new home before selling your current one may sound like a smoother transition, but it can come with a big financial burden. Holding two mortgages, even temporarily, means more monthly payments, more stress, and more risk if things don’t line up perfectly. Selling first lets you sidestep that juggling act and move forward with a clean slate.

3. You’ll Be a More Attractive Buyer

When your current home is already sold, you don’t have to include a home sale contingency in your offer—which can be a major advantage. Sellers prefer offers with fewer hurdles, and being able to move fast (and with cash in hand) can help yours stand out in a competitive market.

One Thing To Plan For

You Might Need Temporary Housing

The biggest challenge with selling first? You may have a gap between closings. That could mean lining up a short-term rental or staying with family or friends while you wait for your new home to be ready.

The good news: your agent can help. Whether it's negotiating a post-sale rent-back from the buyer or timing both closings just right, there are ways to make the transition smoother.

Bottom Line

Selling and buying at the same time might feel like a balancing act—but with the right guidance, it’s completely doable. Selling first often gives you the edge: more financial freedom, less stress, and a stronger offer when it’s time to buy.

Not sure how to start? Let’s talk about your current home’s value, your goals, and what options make the most sense for your move.