Know your estimated equity
Start with the expected sale price less the current mortgage payoff and estimated selling costs.
Sell + buy strategy
Selling one home and buying another is a sequencing problem.
The right plan depends on equity, financing, market timing, occupancy needs, and how much overlap you can comfortably carry.
Decide whether sale proceeds are needed
If the next purchase depends on equity from the current home, timing becomes part of the financing strategy.
Evaluate overlap
Some households can temporarily carry two properties; others need the sale and purchase to occur in a coordinated sequence.
Consider contingencies
Purchase and sale contingencies can protect the transaction but may affect competitiveness depending on the market.
Coordinate professionals
Mortgage, real estate, escrow, title, and transaction timing need to align.
Model the next payment
Run the next-home financing scenario before deciding how aggressively to price or structure the move.
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