Professionals Real Estate 
A lot of home owners who want to sell their home and move to a new one are often faced with the stressful question of what should they do first. Buying first puts the pressure on to get the old home sold, where as selling first then creates the pressure of trying to find a new home. Either decision comes with some challenges.
The experts in home buying and selling have some suggestions:
You have to determine what your personal comfort zone is. If you are not a person who likes to take risks some experts say buying should be your first decision. What you can do is arrange for a longer settlement, which should give you the time needed to sell your present home.
If you are the type of individual who likes security and is adverse to taking risks then the pros say you should sell your home first. At least this way you know how much money you are going to get from your home sale, and what you will have to put towards your new purchase.
Your reasons for buying and selling:
This could also dictate as to which you should do first. If there are some urgent reasons as to why you want to move, then it may be more advisable to find the new home you want first. Otherwise depending on the supply and demand there may be no guarantees that you will find the new property that better suits your needs.
Determine what is happening in the housing market:
This can give you some insight as to what to do first. If it is a seller’s market then you know that you have a better chance of selling your home. If the selling market is slow then you need to consider this and the possibility that your home may not sell all that fast.
There are some financial professionals who advise their clients not to sign a purchase contract until the sale of their home is firm. A lot of potential problems can arise if this format is not followed. If the original home doesn’t sell in time when the new purchase is closing then it may mean having to arrange bridge financing which can be difficult and a real hassle.
Options:
Having an option to delay the settlement may give some extra time to buy another property. Selling before buying means less pressure of ending up with the cost of two homes. Potential buyers, who know you are under pressure to sell because you have bought a new home, may use this to their advantage.
If the criteria for your new home is really tight, you may have difficulty trying to find exactly what you are looking for. Yet, you are under pressure because you have sold your home. Or prices could escalate and you end up having to spend more than you intended.
If you buy before selling you could place condition offers on the property you are going to buy. The condition would be based on the successful sale of your home. A lot of vendors are not willing to accept these types of offers. You could come in with a higher offer to help offset the negativity of the conditional offer.
There are just few important aspects to consider when trying to decide whether you should sell or buy first.
