Moving Up? Why Selling First Might Be Your Smartest Move Yet

According to Keeping Current Matters, if you're planning to move and own your current home, you may be wondering: Should you sell first or buy first? It’s a common question—and the right answer depends on your goals, financial flexibility, and local market conditions.

But here’s a strategy that often makes the most financial and logistical sense: sell first, then buy. This approach can give you more power in your next purchase and simplify your transition overall. Here’s why selling first is often the smoother, smarter move:

💰 1. Unlock the Equity You've Built

Over the past few years, home values have soared—meaning many homeowners have built up a significant amount of equity. In fact the average homeowner is sitting on a substantial amount of equity right now. Selling your home first gives you direct access to that cash, which can be used as a down payment on your next property—or even to buy it outright. That kind of financial freedom can make your next chapter easier and more flexible.

🧾 2. Avoid the Stress of Two Mortgages

Buying a new home before selling your current one might sound appealing, but juggling two mortgages can put serious pressure on your finances—especially if your old home doesn’t sell as quickly as planned. By selling first, you eliminate that risk and keep your financial picture crystal clear.

💼 3. Make a Stronger Offer on Your Next Home

In today’s competitive housing market, sellers love clean, non-contingent offers. When your home is already sold, you can make an offer without needing to add a contingency about selling your current place. That puts you in a much stronger negotiating position—and could give you the edge you need to land your dream home.

🏡 A Small Tradeoff to Consider

Of course, selling before buying does come with one challenge: you might need a short-term living solution. Whether that’s a rental, staying with family, or negotiating a post-closing occupancy with your buyer, there are options to bridge the gap. The key is having a plan in place—and a knowledgeable professional to guide you through the process.

🔑 Bottom Line

Selling first often gives you more than just financial clarity—it gives you leverage. It allows you to move forward without the weight of two mortgages, puts your equity to work, and strengthens your position when it’s time to buy.

If you're thinking about making a move, the best place to start is by understanding your home’s equity and current market position. Let’s talk about what that looks like for you and how to take your next step with confidence.


source: www.keepingcurrentmatters.com