Buying Before Selling? What You Need to Keep in Mind If you own a home and are trying to decide whether to sell it before buying another one, there are some key points to consider. It's common for people in this situation to feel undecided and conflicted. Your family may have grown, you might be moving for a new job, or maybe you just found your dream home while browsing Chilliwack real estate listings. Whatever your circumstances are, we've outlined some pros and cons of buying before selling below to help make your decision easier! If you want to avoid having two mortgage payments, it's best to either sell your property or have a pending offer before buying another one. However, with today's more volatile housing market, there are fortunately other options available to buyers in addition to traditional financial assistance. We spoke to real estate agents and REALTORS® in Chilliwack, British Columbia about the pros and cons of buying a new house before selling your current one. Some benefits they mentioned of going this route are being selective with your next purchase or feeling secure that your move is already lined up. On the other hand, you need to be mindful about choosing your next property carefully so that you don't end up in a difficult financial situation.