Call Us (651) 341-8840

About the Author

Hello!

We're Team Kathy Borys

We’re your Minneapolis – St. Paul – Twin Cities Real Estate Agents who love to laugh, check out the local scenes, and keep you up-to-date on the latest housing market trends in the area.
Whether you’re thinking of buying your first home, relocating to the Twin Cities area, or looking for your “forever home”, we’re here to share our expertise, insights, and of course, some fun, to help you explore all that our metro area has to offer! 

You'll Also Love...

Real Estate Videos

Moving Closer to Family | Real Estate Advice

The pandemic has changed the needs for many. Many individuals have opted to 𝗺𝗼𝘃𝗲 𝗰𝗹𝗼𝘀𝗲𝗿 𝘁𝗼 𝗳𝗮𝗺𝗶𝗹𝘆 and 𝗺𝘂𝗹𝘁𝗶𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗵𝗼𝘂𝘀𝗶𝗻𝗴 𝗶𝘀 𝗴𝗮𝗶𝗻𝗶𝗻𝗴 𝗺𝗼𝗺𝗲𝗻𝘁𝘂𝗺 🏡 If

Read More »

Stay Connected

Sign up for our newsletter to stay informed on the latest Twin Cities real estate market insights from us!

Share this Article

Should I Buy A Home Before Selling My Current Home?

todd-kent-178j8tJrNlc-unsplash (1)

If you’re thinking about buying a new home before selling your old one, there are a few things you need to take into consideration. The most important thing is your financial situation. Can you afford to carry two mortgages at once? If not, you may need to sell your old home first in order to have the funds for a down payment on your new home. 

Other things to consider are whether you’re emotionally ready to let go of your current home and the logistics of moving twice. It’s definitely not impossible to buy a new home before selling your old one, but it’s important to weigh all of the pros and cons before making a decision.

The Pros of Buying a New Home Before Selling Your Old One

There are definitely some advantages to buying a new home before selling your old one. For starters, it gives you more flexibility in terms of where you want to live. You’re not locked into staying in your current location just because you need to sell your house first.

It can also be less stressful emotionally to move into your new home before having to deal with the task of packing up everything and putting your old house on the market. And if you’re moving for work or another reason that’s time-sensitive, buying first may be your only option.

Of course, the biggest advantage is that you don’t have to worry about finding temporary housing while you wait for your old house to sell. This can be especially difficult if you have a family or pets.

The Cons of Buying a New Home Before Selling Your Old One

While there are some definite advantages to buying a new home before selling your old one, there are also some potential drawbacks. The most obvious drawback is that it can be expensive to carry two mortgages at the same time. Though your home might sell quickly, make sure this does not put you in a financially stressful situation if it takes longer.

Another thing to consider is the logistics of moving twice. This can be especially difficult if you have children or pets who will need to adjust to two different homes in quick succession. Not only do you have to pack up everything and move once, but you also have to unpack and settle into your new home while still dealing with the task of getting your old house ready to sell. This can be overwhelming for even the most organized person! Buying a new home before selling your old one is definitely possible, but it’s important to weigh all of the pros and cons before making a final decision. Be sure to consider your financial situation as well as the emotional and logistical difficulties involved in moving twice. Ultimately, only you can decide what’s best for YOU and YOUR family!

Your Dream Home is One Search Away.

Skip to content