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Should I sell my current property before buying a new one?

Should I sell my current property before buying a new one? What's the best way of doing this and the best order for selling and buying?

Asked by Steven | Paris, TX| 01-31-2024| 596 views|Selling|Updated 2 years ago

Answers (3)

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John DeanRising Star11 Answers
John Dean

Engel & Volkers · Boston, MA

(86 reviews)
It really depends if you can finance your new home without selling your current home. Do you want to retain 2 homes and turn one into an investment rental property ?
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03-30-2024 (2 years ago)··
Justin WillmonNovice1 Answer
Justin Willmon

Keller Williams Realty · Midland, TX

(11 reviews)
Carlos, It is ultimately going to depend on your financial situation and your real estate goals. If you are in the position to keep your current property and use it as an investment property and purchase the new one, then that is always an option. If you need to sell your current home before you buy a new home, you will be purchasing "with a contingency". Which essentially means you are saying you will buy the new home, contingent on your old home selling. My best advice would be to find a trusted real estate agent in the area that can walk you through this process, and find a trusted mortgage lender that can look at your financial situation and give you advice on the best route to achieve your real estate goals. Good luck on the process!
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02-13-2024 (2 years ago)··
Kevin Neely

Keller Williams Realty Elite Partners · Spring Hill, FL

(76 reviews)
This is a common question among Florida buyers and sellers, and the answer depends on your specific situation and local market conditions. Understanding the fundamentals before making any decisions protects your investment and your timeline. In Ridge Manor, Hernando County, Florida, the real estate landscape has its own characteristics that affect how this plays out in practice. The Hernando County market attracts a diverse buyer pool including relocators from higher-cost states, retirees, and local move-up buyers, which creates consistent demand across most price points and property types. The strategic approach is to work with a local agent who can pull current comparable sales data and walk you through the specific factors that apply to your situation in Florida. Every market is different at the neighborhood level, and decisions based on general advice or national headlines often miss the local nuances that matter most to your outcome. Making informed decisions based on local data is always the strongest position. Kevin Neely & Kaitlynd Robbins | K2 Sells, Keller Williams Elite Partners
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04-15-2026 (2 weeks ago)··
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