For many homeowners, the biggest challenge isn’t buying or selling- it’s doing both at the same time. Maybe you’ve outgrown your current home, or you’re downsizing, but either way, the thought of juggling two major transactions at the same time can feel overwhelming. The good news? With some planning and the right guidance, it’s possible to make the process smoother and far less stressful.
Why There’s More to Consider
There are two moving parts – the sale of your current home and the purchase of your next one. Sometimes they overlap smoothly, and sometimes one moves a little faster than the other.
Your finances are connected – many people use the proceeds from their sale to help fund their next purchase, so the two transactions need to be planned together.
The market sets the pace – when it favours buyers, homes can take longer to sell; when it favours sellers, finding your next home quickly can be the bigger task.
Option 1: Buy First
Pros: Certainty about where you’re moving, no need for temporary housing.
Cons: May require two mortgages, financing is more complex.
Best for: Those with financial flexibility or bridge financing.
Option 2: Sell First
Pros: You’ll know exactly how much you can spend on your next home and avoid the risk of carrying two mortgages.
Cons: You may feel pressure to find a home quickly and could need temporary housing or a rent-back agreement.
Best for: Those who want financial certainty and are open to a transition period.
Bridging the Gap
If the timing doesn’t line up, here are some tools people often use:
Longer Closing Dates: Request more time between the contract and possession date to help both deals line up.
Bridge Financing: A short-term loan that lets you access your home’s equity before your sale closes. Always confirm with your lender if this is available to you.
Rent-Back Agreements: Negotiate with your buyer to stay in your home for a short period after closing (written into the contract).
Short-Term Rentals or Temporary Housing: A practical fallback if timelines can’t align perfectly.
How I Support Clients Through This
- Build a step-by-step plan tailored to your timing, finances, and neighbourhood goals.
- Provide clarity on the market so you can make informed, realistic decisions.
- Connect you with trusted professionals such as local mortgage brokers and lawyers.
- Coordinate dates and negotiate terms to reduce the stress of overlap.
Buying and selling at the same time comes with extra moving parts, but a clear plan makes all the difference. If you’re thinking of making a move, let’s connect and map out a plan that works for you. Get in touch here.
