If you’re thinking about moving, one of the biggest questions that comes up is: Should I start house-hunting before I sell my current home?It’s a great question—and the answer depends on your financial situation, comfort level, and goals. Let’s look at some pros and cons to help you decide.
The Benefits of Finding Your Next Home First
Peace of Mind: You’ll know where you’re going, which takes pressure off the selling process.
Smoother Transition: It can reduce the risk of being “between homes” or needing temporary accommodation.
Less Compromise: You can wait for the right home to come along without the stress of an urgent timeline.
The Challenges
Financial Pressure: You may need to carry two mortgages temporarily—or secure bridge financing—to cover the gap.
Risk of Unsold Property: If your current home doesn’t sell as quickly as you hoped, you could be stretched thin.
Competitive Market Dynamics: In a hot market, offers “subject to sale” are less attractive to sellers, so having your home sold (or at least listed) can make your offer stronger.
Strategies to Balance Both
Get Pre-Approved for Financing: This helps you understand what you can afford, whether or not your home has sold.
Work With a REALTOR® Who Knows Timing: Coordinating listing dates, possession dates, and negotiation strategies is key.
Consider a Subject-to-Sale Clause: This condition lets you make an offer on a new home that only proceeds if your current home sells.
Explore Bridge Financing: Some lenders offer short-term solutions to cover the overlap between buying and selling.
Bottom Line
There’s no one-size-fits-all answer. Some buyers feel more comfortable locking in their next home before selling; others prefer the security of selling first. The right path depends on your finances, the current market, and your comfort level with risk.
If you’re considering your next move, let’s talk about the options available to you—and how to make the process as smooth as possible.
