Powerful Buying Strategies (3 of 7)

Sell first. Clients often ask about what order they should approach a real estate transaction when they already own a home. Sell your existing home first — then buy. The property you want will probably not take a contingency offer based on you needing to sell your current home — especially in the current market environment. If you are emotionally attached to what you want to buy you won’t be as objective on selling your home. You may take less than it’s worth so that you don’t lose the other home. There’s nothing wrong with that as long as you understand the financial implications. Selling, buying, moving, researching and arranging your financing is a challenging project. Be prepared for a disruption in your normal daily life. Remember, it's only temporary and the effort will well worth the rewards of your new home in the end.