Are you looking to buy a bigger home? Do you have a home to sell first? These are the things to consider before making your move.
If you feel like selling your home before buying may cause some stress you are not alone. The good news is there are a few different options you can choose from.
You could rent out your current home. This ensures you won't have to pay two mortgages. (This is assuming you'd get good tenants that pay on time and you don't struggle to find tenants) Your tenants will cover your mortgage and you'll have an investment property. Definitely a win-win. All you have to do is get pre-approved for your next mortgage. Then you can start shopping for your new home.
If you don't like the idea of renting out your current home you can sell first. Selling first alleviates the stress of the sale and you can focus on your purchase. You do have to prepare for not finding "the one" right away. So you may have to consider a short-term rental so you'll have a place to go while you continue to shop.
Download my free Creating Comfort System guide at the top of the page for more information.