Thinking about making a move and wondering the age old question: Do I buy or sell first? Here's a quick breakdown of the pros & cons for SELLING FIRST:
Pros: -You know exactly how much you sold for, making budgeting for your next home easier. -Can usually negotiate a longer closing, giving yourself some cushion to find your next home -Reduces risk of holding two homes or needing bridge financing. -You’re in a stronger financial position when buying (no home sale condition needed).
Cons: -May feel pressure to buy quickly once your home sells (especially if the closing is fast). -Might have to rent or move in temporarily somewhere if you don’t find something in time. -If market values are rising, you could potentially sell low and buy high. -More emotionally and logistically stressful, especially with tight timelines or families/kids.
Let me know if this has been helpful! There are so many factors when buying + selling, I can continue this mini series so you’re always one move ahead! 🏡
Thinking about making a move and wondering the age old question: Do I buy or sell first?
Here's a quick breakdown of the pros & cons for SELLING FIRST:
Pros:
-You know exactly how much you sold for, making budgeting for your next home easier.
-Can usually negotiate a longer closing, giving yourself some cushion to find your next home
-Reduces risk of holding two homes or needing bridge financing.
-You’re in a stronger financial position when buying (no home sale condition needed).
Cons:
-May feel pressure to buy quickly once your home sells (especially if the closing is fast).
-Might have to rent or move in temporarily somewhere if you don’t find something in time.
-If market values are rising, you could potentially sell low and buy high.
-More emotionally and logistically stressful, especially with tight timelines or families/kids.
Let me know if this has been helpful! There are so many factors when buying + selling, I can continue this mini series so you’re always one move ahead! 🏡