Should I sell my current property before buying another one?
Should I sell my current property before buying another one?
Whether to sell your current property before buying a new one depends on your financial situation, market conditions, and timeline. Selling first gives you the flexibility to negotiate a better deal on your next property, as you won’t be burdened with owning two homes. However, it also means you may have to find temporary housing between closings. On the other hand, buying a new home before selling can be a good option if you’re confident you can manage both mortgages, or if you’re in a seller’s market where you’re likely to sell quickly. It’s essential to have a solid contingency plan in place.