If you’re planning your next move, one of the biggest decisions is whether to buy before you sell or sell before you buy. Both strategies have advantages and risks, and the right choice depends on your circumstances.
Buying first
It gives you time and flexibility. You can secure your next home and move in before listing your current property. This approach can reduce stress during the transition and allow you to focus on staging and selling your old home at the right price. The main risk is that you may end up carrying two mortgages at once, unless you use tools like a bridge loan or a home equity line of credit to manage the overlap.
Selling first
It offers financial clarity. You’ll know exactly how much money you’ll have from the sale, which can help you set a realistic budget for your next purchase. This approach reduces the risk of overextending financially. The main challenge is that you may feel pressured to find a new home quickly, especially in competitive markets like Staten Island and South Brooklyn.
Ultimately, there’s no one-size-fits-all answer. Your decision should consider your financial situation, timeline, and comfort level with risk. With careful planning and the guidance of a local real estate professional, either strategy can work successfully in these neighborhoods.
—
Joseph Ranola | Five-Star Staten Island & South Brooklyn Realtor® (30 + Google reviews)
Associate Broker · Matias Real Estate | Founder · Bridge & Boro Team
Serving 103xx and 11209 / 11214 / 11228 | $25 M + closed volume
📞 917-716-1496 | RanolaRealEstate.com
