This dilemma is huge for homeowners who want to buy another home, specially a lager home! Should we sell first to have funds for the new home, or should we buy first and then sell our home to make sure we are not without a home?

While there is no one right answer to this, here are few options to consider. All have pros and cons. 

1.  If the home you are looking for is unique and hard to find, you may want to list your home with a contingency to sell.  What that means is that you will only sell if you find the right home.  The drawback to this is that many buyers may not want to consider your home because it comes with uncertainty. Another drawback is that the seller of the home you like may not want to consider your contingent offer.

2. List your home for sale and add a contingency that allows you to stay back for a certain period of time till you close on your new home!  

3. Sell, have funds in the bank, rent till you find your new home.  This is an option but is not the best option, specially in a rising market!  Also, 2 moves are expensive and inconvenient.

There are so many ways to do this, so many options to explore.  Please feel to call us at 732.494.2211 when you are ready to move and we will understand your situation and guide you accordingly!

On Track Realty is a licensed real estate broker serving clients with honesty and integrity since 1994. You can reach our full time professionals at 732.494.2211 or track us on internet at www.ontrackrealty.com