Should I sell my current home before buying a new one?

January 12, 2021

One Response

  1. Knowing if you should sell your current home before buying a new one depends on a few factors:

    • Your ability to afford a new home before selling the old one.Certain risks come with having two homes at one time, such as paying two mortgages. Would you be willing to put up with this if your home ends up staying on the market for a long time?
    • Prevailing market conditions. Homes generally sell quickly in a hot seller’s market. Consider buying your second home first in this situation. However, a buyer’s market could leave your home in the market for a long time. In this case, it is wise to consider selling it first before buying your new home.

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