Buying and Selling: What Should You Do First?

Deciding to sell your current home and buy a new one can be an overwhelming task, especially when you’re unsure of the best sequence of events. Should you sell your current home first or buy your new home before selling? Each approach has its own set of advantages and drawbacks, and understanding these can help you make an informed decision. Let’s dive into the pros and cons of each option.

Selling First


  1. Financial Clarity: By selling your home before buying a new one, you gain financial clarity. Knowing the exact amount of equity, you have from the sale allows you to determine your budget for purchasing your next home.
  2. Stronger Negotiation Position: With your current home sold, you’re in a stronger negotiation position when making an offer on your next home. You won’t need to include a contingency of the sale of your current property, giving you an advantageous position.
  3. Reduce Stress: Selling first can reduce the stress of carrying two mortgages or worrying about the timing of selling and buying simultaneously. It allows for a smoother transition between homes.


  1. Temporary Housing: Selling your home before buying may require you to find temporary housing while you search for your next home.
  2. Limited Options: Without a place to move into immediately, you may feel rushed to find a new home, limiting your options or potentially settling for a property that doesn’t fully meet your needs.

Buying First


  1. No Rush: Buying your next home before selling your current one gives you the luxury of time. You can carefully search for the perfect property without feeling pressured to make a rushed decision.
  2. Smooth Transition: Moving from one home to another is seamless when you already have your next home secured. There is no need for temporary housing or storage arrangements.


  1. Financial Strain: Buying before selling means you may have to carry two mortgages simultaneously, which can strain your finances.
  2. Pressure to Sell: Without the buffer of time provided by selling first, you may feel pressured to sell your current home quickly, potentially leading to accepting a lower offer.
  3. Contingency Challenges: If you require the funds from your current home to purchase your next home, you will need to insert a contingency that your offer is subject to the sale of your current home. In competitive markets, this makes your offer less likely to be accepted.

There is no one-size-fits-all answer to selling or buying first. Each option comes with its own set of pros and cons which must be weighed carefully based on your individual circumstances and preferences. Whether you prioritize financial stability, flexibility, or minimizing stress, considering these factors can help you make the best decision for your situation.

Want professional advice on what is right for you?  Reach out!

Best realtors in winnipeg manitoba#AgentSheyla

Sheyla Duncan

Phone: (204) 871-3228

Categories:   #AgentAmy | #agentAshton | #AgentLogan | 48 Hour Time Clauses in Winnipeg Manitoba, | 55 plus condos for sale winnipeg | agent | agents | airbnb winnipeg | basement flooding | benjamin moore | best agents | best real estate agent | best real estate team | best realtor | best realtor winnipeg | best realtors | best winnipeg realtor | bidding wars | bidding wars in winnipeg | bridgwater | brookfield relocations | buyer representation | buyers | Buyers, Rent, Realtors, Winnipeg | buying a condominium | buying a home | buying a home in winnipeg | buying a home with a pool | buying a house | buying in winnipeg | buying winnipeg | children activities | client appreciation | closing costs winnipeg | colouring contest | condo for sale in south winnipeg | condos in winnipeg | corona | Corona Virus | Coronavirus | cost of buying a home | country living | covid-19 | documents for selling a condo winnipeg | downsizing in Winnipeg | exclusive listing winnipeg | exclusive listings in Winnipeg | fair square | fairsquare winnipeg | families helping families | faq | financing conditions | First Time Home Buyers | first time home savings account (FHSA) | for sale by owner | for the kids | foreign buyer ban | Fort Garry | Fort Richmond | Giving Back | Goal setting | holidays | home buyers | Home buyers winnipeg | home buying | home buying tips | home buying winnipeg | home maintenance | home ownership | home ownership winnipeg | home sellers | Home sellers market | Home sellers winnipeg | home selling | home selling in winnipeg | homes for sale | HomesForSale | house hunting | house hunting trip winnipeg | houses with pools | how to buy a home | interest rates winnipeg real estate | Investing in Property in Winnipeg | investing in winnipeg real estate | is a pool a good investment winnipeg | lake front properties | life lessons | listings | living in winnipeg | living on the red river | luxury homes | luxury houses winnipeg | Luxury Listings in Canada | luxury real estate in winnipeg | Luxury Realtor in Winnipeg Manitoba | luxury realtor winnipeg | manitoba | market predictions | mls | motivation | moving to the country manitoba | moving to winnipeg | pandemic | Permits in winnipeg | pool homes winnipeg | pools in winnipeg | purple bricks | queen team | real estate | real estate advice | real estate agent | real estate agents | real estate family | real estate in Manitoba | real estate life | real estate team | real estate teams | real life | Realtor | realtor life | realtor reviews | realtor tips | Realtoring | realtors | realtors who care | realtors winnipeg | redecorating | relocating to winnipeg | remax realtor commission rates | REMAX winnipeg | renovating | renovations with the best ROI | rental equipment | riverfront property winnipeg | riverfront winnipeg | royalwood | rural living manitoba | sage creek | selling | selling a condominium | selling a home | selling a home in winnipeg | selling a home winnipeg | selling advice winnipeg | selling during the holidays | selling privately | selling real estate | Selling Windsor Park | selling winnipeg | Selling Your Home | sherwin williams | should i buy a house with a pool | should you buy or sell first winnipeg | south drive winnipeg | spring home maintenance tips | staging a home in winnipeg | staging advice | staging in winnipeg | Summer camps in winnipeg | Summer camps in winnipeg 2023 | summer camps winnipeg 2024 | Team Update | things to do in winnipeg | tips for buying a home | top real estate team | top real estate team winnipeg | top realtor | Top Realtor Team | top realtor winnipeg | top realtors | top realtors winnipeg | transcona | Underpricing a home in winnipeg | water in basement | waterfront homes winnipeg | waterfront winnipeg | what to do in winnipeg | what to do on possession day | whats up | Windsor Park | windsor park winnipeg | winnipeg | winnipeg and interest rates | winnipeg houses | winnipeg manitoba | Winnipeg R | winnipeg real estate | winnipeg real estate market | Winnipeg Realtor | winnipeg realtors | Winnipeg Sellers | winnipeg top realtors | winnipeg, remodeling, | writing an offer | Year in review

Our website has been designed with the intention of providing you access to the Best Realtor in Winnipeg -by this, we mean the best Realtor for you and your needs, although we do strive to be the best real estate agents in Winnipeg based on our customer service, follow-up care, and customized services for our clients. Not only that, but we offer access to agents that specialize in every quadrant of the city. We have a real estate agent for Sage Creek, a real estate agent for Windsor Park, etc. So if you are looking for a neighbourhood expert, just contact us to see who would be the best match for you and your search! If you are looking for a top realtor in Winnipeg, then look no further. You have found us!

We have created several pages to help you navigate through your search and narrow down key areas of interest. Whether it be Sage Creek Real Estate, Windsor Park Real Estate, Fort Garry Real Estate, Transcona Real Estate, Luxury Real Estate, or just Winnipeg Real Estate in general, we have got you covered. Do you feel we are missing a community that would be of interest to you? Let us know, we would love to add information that our clients find useful!

Jennifer Queen Personal Real Estate Corporation