How do you buy and sell at the same time?
The cleanest strategy depends on equity, financing, marketability of the current home, the availability of the next home and how much timing risk you are willing to carry. There is no single sequence that works for everyone.
Common paths
- Sell first, then buy: clearer budget and less financing overlap, but you may need temporary housing or a leaseback.
- Buy first, then sell: smoother move if financing allows, but you may carry two homes temporarily.
- Contingent purchase: can protect you from owning two homes, but the offer may be less competitive depending on the property and market.
- New build timing: builder completion dates can move, so the sale of your current home needs extra flexibility.
Before touring your next home, estimate the likely selling range, payoff, selling costs and probable net proceeds from your current property. That gives the next purchase a realistic budget.
