If you're a homeowner thinking about moving — whether you're looking to upgrade, downsize, or simply shift into a new phase of life — you might be wondering what comes first: buying your next home or selling your current one?
The answer? It depends. But in many cases, especially in areas like Tacoma, Puyallup, Auburn, Sumner, and Des Moines, it often makes more sense to sell your current home before jumping into a purchase.
Here’s why that order tends to work in your favor — and how a local real estate agent can help guide you through the process.
1. Selling First Lets You Tap Into Your Home Equity
Over the past few years, home values have soared in communities like Lake Tapps, Bonney Lake, and Normandy Park. That means many homeowners have built up substantial equity — and selling first gives you access to that equity to use toward your next purchase.
According to recent data, the average homeowner now has over $300,000 in equity. That could be enough for a sizable down payment, or in some cases, even a cash purchase of your next home.
2. Avoid the Stress of Managing Two Mortgages
Buying before selling might sound convenient, but juggling two mortgages — even temporarily — can be financially draining. Especially if your current home takes longer to sell or unexpected costs pop up.
Selling first gives you peace of mind and a clear financial picture when you're shopping for your next home in places like SeaTac or Burien, without the added pressure of overlapping payments.
3. You’ll Be a Stronger Buyer With More Leverage
When sellers see that your offer isn’t contingent on another home selling, it gives you a competitive edge — and in some fast-moving local markets, that could be the thing that seals the deal.
Whether you're aiming for a home near downtown Tacoma or a peaceful cul-de-sac in Sumner, being a non-contingent buyer makes your offer cleaner and more appealing.
But What If You Sell Before You Find the Perfect Place?
That’s a valid concern. The main drawback of selling first is needing temporary housing while you search for your new home. The good news? Your agent can help navigate this with options like:
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Post-closing occupancy agreements (where you stay in your home for a few weeks or months after closing)
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Flexible closing dates
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Short-term rentals or extended stay arrangements in your area
With the right planning and negotiation, this part of the move doesn’t have to be stressful.
What’s Best for You Depends on Your Market — and Your Goals
The truth is, the market isn’t one-size-fits-all. That’s why working with a local expert who knows neighborhoods like Normandy Park, Burien, and Auburn can help you weigh your options and create a plan that fits your timeline, finances, and lifestyle goals.
Whether you’re thinking of selling next month or next year, having a strategy that matches the moment can make all the difference.
Need help getting started? Visit Your Real Estate Story to connect with a local expert who can guide you every step of the way.
