Should You Sell Before You Buy?

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Should you sell your current home before you buy? It's a crucial question, and one we get all the time, so today we'll answer it for you.

If you sell before you buy, you will have more cash to bring to the table once you find the perfect home. Not only will you be in a better negotiating position, but you'll also have a better idea of what you can afford when looking for a new home.

Selling before you buy will also save you from having to deal with two mortgages at once, since you have no idea how long it will take your home to sell. In addition to the time it takes to find an interested buyer, there are plenty of steps between the offer and the closing that can slow things down.

When you sell first, you have more freedom to sell on your own terms. You will have more bargaining power because you won't be under pressure to unload your property quickly as you're still searching for a new home. You will be more comfortable considering several offers and making counteroffers.

If you have questions about the selling process, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to hear from you!