Video: Should You Buy or Sell Your Home First?

Buy First or Sell First? A Guide for Homeowners

When you’re ready to sell your home and buy a new one, one of the biggest questions you’ll face is: Should I buy first or sell first? The answer depends on several factors, including your financial situation, market conditions, and risk tolerance. In this guide, we’ll outline the pros and cons of both options so you can make the best decision.

Buying First: Pros and Cons

Pros of Buying First:

More Time to Find the Right Home – You can take your time and only move forward with a purchase when you find the perfect property.
No Risk of Temporary Housing – You won’t have to worry about where to live if you sell before securing a new home.

Cons of Buying First:

Uncertainty in Budget – You won’t know exactly how much your current home will sell for, making budgeting more difficult.
Financial Pressure to Sell Quickly – If you can’t afford to carry two mortgages, you may feel pressured to sell your home quickly.
Potential Underselling – If your home doesn’t sell as expected, you may have to accept a lower offer to avoid financial strain.

Not sure where to get started in selling your home? Watch this video for a step-by-step guide!

Selling First: Pros and Cons

Pros of Selling First:

Clarity on Market Conditions – You’ll know exactly how much your home sells for and can budget accordingly.
No Pressure to Sell Quickly – You can wait for the right offer without the urgency of financing a new home.
Stronger Buying Power – Knowing your budget gives you more confidence when making an offer on your next home.

Cons of Selling First:

Tight Timeline for Buying – You may feel rushed to purchase a new home before your sale closes.
Temporary Housing May Be Needed – If you don’t find a home in time, you may need to rent short-term or stay with family, adding to moving expenses and stress.

Do you have more home-selling questions? Binge watch these videos next:

How to Decide What’s Best for You

When helping home buyers and sellers, we discuss these pros and cons to determine the best strategy. Everyone’s financial situation, risk tolerance, and personal circumstances (such as kids, pets, or available temporary housing) play a role in the decision.

Final Advice:

Consult with a trusted Realtor to evaluate your options based on current market conditions.
Consider your financial flexibility and how much risk you’re comfortable taking.
Choose the option that aligns with your long-term goals and minimizes stress.

Whether you buy first or sell first, the key is preparation and working with an experienced real estate professional who can guide you through the process.

If you’re facing this decision, reach out today for expert advice tailored to your situation! Fill out the form on this page, call 416-909-9235, or email info@yaelandco.com today!