Buying a new home is exciting. Selling your current home is a big step. But doing both at the same time? That’s where things can feel overwhelming.
If you need the equity from your current home to afford the next one—or you just don’t want to carry two mortgages at once—you’re not alone. Many homeowners face this exact situation, and the #1 concern I hear is:
👉 “What if I sell my house before I find the right new home? I can’t afford to be stuck without a place to live!”
I get it. Timing is everything. But here’s the good news: I’ve navigated this process many times, and with the right strategy, we can make your transition seamless. Let’s break down your best options:
Option 1: Secure Your New Home First
This approach works well in a competitive market where homes are moving fast, and you don’t want to miss out on your dream home.
✅ How it works:
- Start your home search while prepping your current home for sale.
- Once you’re under contract for the new home, we immediately list your current home.
- We negotiate a longer closing period (or even a home sale contingency) to give you time to sell before you close on the new place.
🔥 Pro Tip: Some sellers may allow a flexible closing period, giving you more breathing room!
Option 2: List Your Current Home First
This is a great strategy if you’re in a strong seller’s market and your home will attract offers quickly.
✅ How it works:
- We list your home and get it under contract.
- As soon as we have a buyer lined up, we move fast to find your next home.
- We negotiate either a longer closing period or a rent-back agreement, allowing you to stay in your home until your new one is ready.
🔥 Pro Tip: Rent-back agreements (where you “rent” your sold home from the buyer for a short time) can be a game-changer in this process.
Option 3: Use a Bridge Loan to Buy Before You Sell
If you have strong credit and financial stability, a bridge loan can be a powerful tool.
✅ How it works:
- A bridge loan is a short-term loan that covers the cost of your new home before you sell your old one.
- Once your current home sells, you use those proceeds to pay off the loan.
- This allows you to buy with confidence—no rushed decisions!
🔥 Pro Tip: While bridge loans have additional qualifications beyond a traditional mortgage, they can be a fantastic option for the right situation.
So, What’s the Best Strategy for You?
Every situation is different. That’s why I take the time to understand your timeline, finances, and goals to craft a plan that keeps you in control.
No matter which option is best for you, I’ll help you negotiate smart terms, strategically time your moves, and ensure you never feel rushed—or worse, stuck without a home.
If you’re thinking about buying and selling at the same time, let’s talk through the strategy that works best for you.
📩 Click HERE to start the process, or send me a message—I’d love to help!
Have more real estate questions?
My inbox is always open, and I’m happy to set up a time to chat. Whether you’re planning months in advance or ready to move now, we’ll put a winning strategy in place.
Looking forward to guiding you through the process!
📍 Gary Martin 📞 804.418.5509 🏡 https://garymartinrealtor.com/
