You're doing two transactions, not one.
Based on your answers, you need to sell this house in order to buy the next one. That's completely normal and most of my sellers are in the same spot. It just means the hard part isn't the sale or the purchase, it's the timing between them.
Three things worth knowing
Know your equity before you shop
What you walk away with from this sale is your down payment on the next one. Until you have a realistic number for that, you're shopping against a budget you're guessing at. This is the first thing to pin down, before you look at a single listing.
There's more than one way to bridge the gap
If the closings don't line up, you have options. A leaseback lets you stay in the house after closing while you finish the purchase. Some lenders offer bridge financing. Sometimes the cleanest answer is a short-term rental in between. Which one fits depends on your situation and your lender.
A contingent offer is weaker, but not dead
An offer that depends on your house selling is less attractive to a seller than one that doesn't. In a balanced market like this one, that's a real disadvantage but not a fatal one, especially if your house is already under contract. Sequencing is what makes it work.
Start with your numbers
Free, and no email required.
Seller net proceeds
What this sale actually puts in your pocket for the next down payment.
Open calculator →Mortgage payment
The real monthly number on the next house, with taxes, insurance and HOA.
Open calculator →Your next step
Book a 30-minute call and we'll map out the sequence: what this house should list at, what that leaves you for the next one, and how to line up the two closings so you're not moving twice. I handle both sides, so it's one conversation instead of two.
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