You have two main paths. You can sell first (which puts cash in hand but may require temporary housing) or buy first (which is more convenient but may require a "bridge loan" if your capital is tied up in the first house). Phase 2: Preparing the Sale
This is the most delicate stage. When you find a house you love, your offer will likely include a . This tells the seller: "I will buy your house, but only if my current house sells by a specific date." steps to buying and selling a home
Determine how much your current home is worth and subtract your remaining mortgage balance. This "net proceed" estimate will likely serve as the down payment for your next purchase. You have two main paths
The key to a successful "buy-sell" is a buffer. Always have a backup plan for storage or a short-term stay in case a closing is delayed by a few days. With a solid real estate agent and a responsive lender, you can navigate the complexity and move into your next chapter with confidence. When you find a house you love, your