SELL YOUR CURRENT HOME
Not very many people can hold onto two homes at the same time, so you'll probably need to sell the one you have now.
When should you sell?
Buyer's and seller's markets explained..
When there are lots of people looking for homes but not many for sale, it's called a 'seller's market'. When there are lots of homes for sale and not many people buying them, it's called a 'buyer's market'.
Wait for the market to improve?
If you're selling one home and buying another, you don't really have to worry about playing the market. If you sell your existing home for a 'low' price, you're probably also buying at a low price.
Seasonality. Do home sales get frostbite?
It's true. Winter sales tend to be slower, and spring sales are more brisk.
If you need to sell fast?
Ask a Realtor for help establishing a price and for making your home look attractive, without making you look desperate.Buy first or sell first? The eternal question
Many people are able to time their sale and purchase so they happen on the same "closing date". As a buyer, you can make your offer "conditional" on the sale of your existing home, so you're not paying for the upkeep of two homes. Or when selling, you can try to extend the "closing period" to give yourself more time to find your next home.