SHOULD YOU SELL BEFORE YOU BUY?

SHOULD YOU SELL BEFORE YOU BUY? Selling first can give you a financial edge and more confidence in your budget, but it often comes with the stress of interim housing and a tighter timeline to find your next home. 

PROS: Stronger buying power + Clarity on your budget + Less financial risk. 

CONS: Temporary housing stress + Moving twice + Pressure to buy quickly. 

Buying first allows for a more comfortable move and gives you time to find the perfect home, especially if you have strong equity, but it can be financially complex and risky. 

PROS: Smoother transition + More time to find the right home + Ideal for high-equity homeowners. 

CONS Financing can be tricky + Risk of overlap + Contingent offers may be less competitive.

CONSIDER A BRIDGE LOAN. A short-term loan that lets you borrow against the equity in your current home to fund a down payment on a new one. Once your existing home sells, you use the proceeds to pay off the loan. IS IT RIGHT FOR YOU? Bridge loans are great for sellers with strong credit and substantial equity. They work well in areas with high buyer demand and fast-moving listings. 

CONSIDER TEMPORARY RENTALS.

If you choose to sell first, renting a furnished short-term property while you house hunt could be a viable option. This allows you to wait until the right property becomes available, with less pressure.

WHAT'S RIGHT FOR YOU? There is no one-size-fits-all answer. Let's connect to discuss your best options.