Should You Sell Before You Buy? Pros and Cons Explained

by Tracy Mathis

If you own a home and want to move, you're probably asking the classic question: "Should I sell my current home before buying the next one?" The answer depends on your finances, timeline, and risk tolerance.

✅ The Pros of Selling First

More Buying Power: You’ll have cash in hand and a better debt-to-income ratio, making your next offer stronger.
No Double Payments: Avoid juggling two mortgages, property taxes, and utility bills.
Less Stress During Negotiations: You'll feel more empowered negotiating on your next purchase without needing a contingency clause.

❌ The Cons of Selling First

Temporary Housing May Be Needed: You may need to rent or stay with family if you don’t find your next home quickly.
Feeling Pressured: With your old home sold, there’s urgency to buy, which can lead to rushed decisions.

What About Buying First?

It can work if:

You qualify for a new mortgage while still owning your current home.
You have enough savings for a down payment without selling.
You’re buying in a slow market with plenty of inventory.

At the Southern Homes Team, we often help clients navigate buy/sell simultaneously using bridge loans, home sale contingencies, and creative timelines. It’s all about planning — and we’ve done this hundreds of times.