If you already own a home, your next purchase is tied to your current one. Most people need the equity from their sale to buy, and nobody wants to pay two mortgages or move twice. The good news is there are several ways to make it work.

Sell first

Selling first gives you certainty: you know exactly how much you have to spend, and you can make a stronger offer on your next home. The tradeoff is you may need a short-term rental or to ask the buyer for a leaseback, which lets you stay in your home for a set time after closing.

Buy first

Buying first means you move once and can take your time choosing. It usually requires qualifying for both payments, or using a bridge loan or similar financing to tap your equity before your home sells. Your lender can tell you what you qualify for.

Buy contingent on selling

You can make an offer contingent on the sale of your current home. It protects you, but sellers often prefer offers without contingencies, so it works best in a slower market or when your home is already under contract.

Plan it together

The right approach depends on your finances, the market, and how much flexibility you need. We'll help you look at all three options, talk with your lender, and build a timeline that gets you into your next home with as little stress as possible.

Thinking about your next move? Start with a free home value so you know where you stand.