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Need To Sell Your House Fast? Get a No Obligation CA$H OFFER Here
Is It A Good Idea To Sell My Current Home Before Buying A New One?
 
Written by Chris Logan on January 3rd, 2018
 
Should I sell my current home before buying my next one? That's a common question that many people have, and it's a complicated one to answer.
 
The truth is that there are pros and cons to selling a home before you buy your next one, so what you have to do is look at your situation and make a decision based upon what is best for you. In an ideal world, you would choose your next home, finish closing on it, move into it, then deal with selling your current home. But there are a lot of obstacles that will get in your way of doing this making it an unrealistic choice for most people.
 
Selling Your Current Home Before Buying Your Next One
 
If you decide you want to sell your house fast, you can always choose to contact a cash buyer. This is an approach that a lot of people take, and there are quite a few benefits to this approach. The first benefit is that it's going to be much easier to get a mortgage for our next home if you no longer have one for your current home. Mortgage companies look at debt to income ratio, and when you are already paying on one mortgage they may be hesitant to give you another one. Even if you are able to find a mortgage company to work with you if you have two mortgages that's a lot of money each month that you have to pay out. What happens if you aren't able to sell your current home right away? Can you really afford to make two mortgage payments for what could turn out to be many months?
The other big advantage you will have if you decide to sell your home first is that you will have the equity in that home freed up, which you can then use part or all of as a down payment on your next home. The bigger the down payment you put down, the lower your monthly payment will be. So being able to use the equity in your current home as a down payment on your next home is very beneficial.
While there are many financial benefits to selling your current home before buying a new one, there are some negative aspects you need to keep in mind as well. The biggest negative to selling your current home before buying a new one is finding a place to live while you are looking for your next home. This can actually be quite a lengthy period of time since you will have to find the home you want to buy, then get a mortgage and wait for closing. One of the biggest benefits of being a homeowner is the fact that the money you pay each month is building equity in your home, it's kind of like putting money in the bank. When you rent a place to stay you are doing little more than throwing money away each month. So each month you have to rent a place to stay after selling your home is more lost money.
 
Selling Your Current Home After Buying Your Next Home
 
Sell A House Fast In Tampa, Florida
If you decide that you want to buy your next home before selling your current one, then you are going to be in the minority. If you have the finances to handle having two mortgages at once, then it can take a lot of the hassle out of the process. You won't have to deal with moving into a rental property on a temporary basis. That means you won't be throwing money away each month, and of course, there's the added benefit of not having to move more than once.
Rise Real Estate Group Can Help You
If you are a homeowner and are looking to upgrade to a larger home, or even downsize into a smaller one, the experts at Rise Real Estate Group can help you. They specialize in making cash offers on houses, so they can help you to sell your home fast. So if you choose to buy a new home then sell your current one, they can buy it so you don't have to juggle two mortgages. If you want to sell quickly because you have found your dream home, they can make you a cash offer so you can close quickly and then pursue the home you want. In addition to specializing in making cash offers on homes Rise Real Estate Group also always has properties that are for sale, so they may be able to help you sell your current home and find your next one.
 
No matter why you want to sell your house fast Rise Real Estate Group can help. We specialize in buying homes for cash in "AS-IS" condition. Once you contact us, a member of our team can help you with everything from start to finish, making the sale as easy as possible for you. Don't worry, you won't be pressured or rushed and you can sell on your own timeline at your convenience. Once we agree to buy your house you can take a breath and rest easy. Contact us today and finally experience what it's like to Sell Happy :-). We look forward to working with you!
 
 
Do You Need To Sell Your House Fast?
 Go now and claim your no obligation cash offer below. It's easy and it's risk free!
Rise Real Estate Group is Tampa's #1 home seller resource. Having been in the community for the last several years they have been able to help hundreds of homeowners sell their house FAST for CASH. Need to sell fast? Click the link below now, enter the requested info and they will get back to you within 24 hours or less!  
 
About CompanyName
Rise Real Estate Group is Tampa Bay’s premier local home buyer. Whether you are going through a divorce, inherited property, filing bankruptcy or even behind on taxes – we’ll help you out of your headache, work on your timeline and give you CASH for your property so you can move on from your unwanted property with peace. 

About Author: Chris Logan

Chris Logan is the co-founder of Rise Real Estate Group.  He is happily married, Christian and also a fitness buff.  When he's not flipping houses, he and his wife Heather enjoy volunteering with their church and traveling. 
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