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Should You Buy or Sell Your Home First?

There are many variables involved in this classic real estate question and there is no universal correct answer. It basically comes down to your specific circumstances. 

If you decide to sell your home first; this way you will not find yourself at a disadvantage at the negotiating table, feeling pressured to accept an offer that is below market value because you have to meet a purchase dead-line.

Another advantage to selling first is having the time to get pre-approved for your mortgage and see all the housing options in the price range you'd like to buy. There is generally much less pressure and stress when you sell first, which lessens the risk of owning two houses at the same time, but if you have the money to make two mortgage payments, the pressure is off. If you need to sell your house because of job relocation or in order to qualify for a loan, then you also have no choice, you will have to sell first.
 
Selling first isn't the perfect solution, you may find yourself under a tight deadline to find another house, not being able to find a house you like, be forced to live with family, friends or in temporary quarters or have to move twice. Whichever way you go, it is not an easy decision, but it always seems to work out in the end.

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