Yes, you can but it’s the real estate equivalent of walking a tight rope. This is one of the trickiest questions to answer. On one hand, if you buy a home before you sell the one you’re still in, you could be overextended financially. If you sell before you buy, you might need to rent for a while before finding a new place. But there are ways to do both at once and one option is with a sale contingency in your contract. This means you only agree to buy home if you can sell your current one. It does not put you in the best negotiating position with a seller but they may be willing to consider it.
Posted in: FAQ for Buyers