Sell with a plan
Buying and Selling at the Same Time
Buying and selling at the same time can work well, but the order of events matters. A clear plan should consider financing, market conditions, temporary housing, possession, and the level of uncertainty you are comfortable carrying.
Start with goals and financing
Clarify timing, understand financing options, and decide how much uncertainty you are comfortable carrying.
Sell first
Provides more certainty about available proceeds, but may require temporary housing or negotiated possession.
Buy first
Can make the move easier, but may require the financial ability to own or carry two properties temporarily.
Coordinate both contracts
Can reduce the transition gap, but introduces timing dependencies and may require carefully written contingencies.