Move-up guide
How to Buy and Sell a Home at the Same Time
Most move-up buyers have the same worry: do I sell first and risk having nowhere to go, or buy first and risk two mortgages? There are several ways to line it up, and the right one depends on your equity, your finances and the market.
Because we handle both the sale and the purchase, and Dustin handles financing, we can plan the timing of all three together.
Common ways to line it up
- Sell first, then buy: the cleanest financially; a short-term lease or a leaseback can bridge the gap
- Seller's temporary lease (leaseback): sell your home and stay for an agreed short period after closing while you close on the next one
- Sale-contingent offer: make your purchase depend on selling your current home; less attractive to sellers in competitive situations
- Use your equity first: a bridge loan or home equity line can fund the next down payment before your sale closes, if you qualify
Start with the numbers
We start with what your current home is likely to sell for and what you'd net after costs, then Dustin reviews what you'd qualify for on the next home. That shows which path is realistic before you fall in love with a house.
Frequently asked questions
›Can I buy a new home before selling my current one?
Sometimes. It depends on whether you qualify while still carrying your current mortgage, or can access your equity first. A lender can review both.
›What is a leaseback?
An agreement to rent your home back from the buyer for a short period after closing. Texas uses standard lease forms for this.
›How do I know how much equity I have?
Start with a market analysis of your home and your current loan payoff. Our seller net sheet calculator gives a quick estimate.