Real estate

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

The answer to this question depends on a number of factors, including your financial situation, the housing market, and your personal goals. In general, it's typically a good idea to sell your current property before buying a new one, as it can help you avoid having two mortgages and the stress of trying to manage both. However, there are some situations where it might make more sense to keep your current property, such as if you're planning to rent it out or if you're not sure you'll be able to find a buyer.

In a buyer's market, inventory exceeds demand, typically resulting in homes spending more days on market, and thus, resulting in pressure on the seller to reduce the price or offer concessions to incentivize a buyer. In such a market, it's advisable to list your home first because it probably won't sell right away.