Should You Sell Your Current Home Before Buying a Bigger Home?
AuthorAmanda Dodge. Date:
You’re ready for a bigger home, but you’re stuck in a catch-22. If you sell first, you might end up scrambling to find temporary housing while your family lives out of boxes. If you buy first, you could be stuck carrying two mortgages while your current home sits on the market longer than expected. Meanwhile, the market does not wait for you to decide. Interest rates are shifting, inventory is changing, and every day you delay could mean missing the perfect home or watching your current home’s value fluctuate. . This guide will help you evaluate your risk tolerance to let you know when to stay out of the home buying process. Here are the factors to consider and questions to walk through so you feel confident when you are selling your current home to move into a bigger one. Advantages of Selling Your Current Home First There are several … Continued
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