Can You Buy a New Home Before Selling Your Current One?

By Carolina Collective Realty

Carolina Collective Realty is more than just a real estate team—we’re a family helping families achieve their goals. Our journey began with a mission to create a real estate company built on culture, training, and, most importantly, guiding families through one of life’s biggest decisions.

Can you buy a new home before selling your current one? I get this question all the time, and the short answer is it depends on your situation. But before you make a move, the first thing you’ll want to do is get pre-qualified with a lender. This gives us a clear picture of your finances and helps us know if you can handle both mortgage payments or if you’ll need to sell your current home first. It’s a simple step that sets the stage for everything else.

Once that’s done, we can look at the different paths you can take to buy your next home.

1. Buying without contingency. If you’re not contingent, it means you can afford to buy a new home without needing to sell your current one first. This might be possible if your current mortgage is small or your income can comfortably cover both payments. In this case, you’d close on your new home first, then sell your existing one a little later—maybe a few days or weeks after. It’s a smooth, low-stress option since you’re not rushing to sell before you buy.

2. Buying with contingency. If you can’t afford both mortgage payments at once, don’t worry because most people go the contingent route. That just means buying your new home depends on selling your current one first. We’ll get your home ready to list, and once you find the right new place, we’ll make an offer that’s contingent on your sale. Then, we’ll line up the closings so your current home sells in the morning and your new one closes that afternoon. It’s just one move, all in one day!

3. Getting a cash offer. Lastly, there’s the option of getting a cash offer for your home. Here at Carolina Collective Realty, we offer the option to get cash offers for your home to eliminate the hassle of showings and the uncertainty of timing. You don’t need to worry about when to list your home or how long it’ll take to sell. A cash offer streamlines everything and takes all the guesswork out of the equation.

The best way to figure out what’s right for you and your family is to sit down and talk with a professional. We’re here to help guide you through the process and find the best option.

Do you want to know which path works best for you? Give me a call at 919-782-4503 or send an email to marketing@carolinacollectiverealty.com! Let’s sit down, have a coffee, and figure it all out together.