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Thinking about making a move but not sure whether to buy first or sell first? You’re not alone—this is one of the biggest questions I get from homeowne
rs gearing up for their next chapter. 🏡✨
So let’s talk real for a sec.
Do you start house-hunting now… or get your current home on the market first?
Truth is, the answer depends on your situation—but this is where having an experienced, local agent (🙋♀️ hi, that’s me) makes all the difference. I’ve helped countless clients in North Jersey navigate this exact crossroads, and there’s no one-size-fits-all. But here’s what I can tell you…
💡 In many cases, selling first can put you in a stronger position. Here’s why:
1️⃣ You unlock your home equity.
Most homeowners have built up serious equity—like, the nati
onal ave
rage right now is over $300K. That equity could be your ticket to a bigger down payment, better financing terms, or even a full-on cash purchase for your next place. That’s power. 💰
2️⃣ You avoid juggling two mortgages.
Buying before you sell sounds great in theory… until you’re stuck carrying two loans, unexpected repairs hit, or your buyer delays things. Selling first keeps things clean and reduces financial stress.
3️⃣ You make a stronger offer.
Sellers love a buyer who’s ready to go. When you’re not waiting for your own home to sell, you can make a cleaner, more competitive offer—which can make all the difference in today’s market.
💬 But—full transparency—there are tradeoffs.
If you sell first, you may need temporary housing, a short-term rental, or to negotiate a post-closing occupancy. Don’t worry—I’ve helped clients with all of that. There are ways to smooth out the transition.
…And, speaking of full transparency, it’s IMPERATIVE that you disclose to the buyer audience for YOUR home, that the sale is contingent on you finding the right next home for YOU! No one wants to be put in an awkward position, but that’s exactly where ALL PARTIES will be if this isn’t disclosed! But don’t worry…I’ve got an addendum for that! 😉 Plus, I’ve also got a list of trusted real estate attorneys who will help you navigate that situation!
🎯 Bottom line?
Selling first can give you clarity, financial freedom, and flexibility. And the best way to decide what’s right for you is to sit down with someone who knows this market inside and out.
If you’re thinking of selling—or just want to talk through the steps—reach out. I’d love to help you figure out the smartest move for your next move.
—
“Antoinette” Scognamiglio (licensed as Maria), Sales Associate, Coldwell Banker Realty, 91 Crane Road, Mountain Lakes, NJ 07046. Cell Phone: 201.240.8699. Email: AntoinetteSellsNJ@gmail.com. Website: www.AntoinettesHomes.net.
