If you’re a current homeowner planning your next move in San Diego, you’re likely wondering: Should I sell my home first or buy a new one before putting my current home on the market? Each path has advantages and challenges—and the right choice depends on your finances, timing, and comfort with risk.
Let’s explore both options to help you make an informed decision:
Selling First: Playing It Safe
Why it works:
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✅ Know Your Budget: Once your home is sold, you’ll have a clear understanding of your purchasing power.
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✅ Stronger Loan Approval: Lenders love seeing one mortgage instead of two.
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✅ No Overlapping Payments: You won’t be juggling two sets of housing costs.
What to watch for:
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⏱ You’ll Be on a Timeline: Finding and closing on a new home quickly can be stressful.
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🏠 Temporary Housing May Be Needed: You might need to find a short-term rental or stay with family.
Buying First: Prioritizing Comfort & Convenience
Why it works:
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✅ Avoid the Gap: You can move straight into your new home without needing temporary housing.
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✅ Less Stressful Move: You’ll have time to settle in and list your old home on your own schedule.
What to watch for:
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💰 Carrying Two Homes: You’ll need to be financially prepared in case your current home doesn’t sell quickly.
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📑 Your Offer May Be Contingent: In a competitive market, this can make your offer less attractive to sellers.
Smart Solutions for Either Path
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Bridge Loans & HELOCs offer short-term financing while you transition between homes.
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Rent-Back Agreements allow you to stay in your current home temporarily after closing.
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Flexible Close Dates and contingency plans can give you breathing room.
Final Thoughts
No matter which route you choose, planning ahead is key. The local market, your financial situation, and your comfort with timing will all play a role. Our job is to guide you through each step, connect you with the right tools and partners, and make sure your move is seamless—whether you’re buying first, selling first, or doing both at the same time.