Should I Buy First or Sell First

The classic dilemma for many DC and Prince George's County Maryland homeowners is whether to buy or sell first. It really depends on the specific circumstances of your move. Understanding the pros and cons of Selling your home first vs buying a new home first will help you determine which choice is right for you.

Most homeowners in DC and Prince George's County Maryland agree that it's more prudent and less stressful if you sell your existing home before you buy a new one. Without the pressure of needing to sell quickly, you will put yourself in a stronger negotiating position with prospective buyers of your home. You're also in a better position to negotiate on the buying side of the transaction. You will definitely lose negotiating power if you have to make an offer contingent on the sale of your home.

On the other hand, you may end needing a short-term rental or rent-back if you sell your current home and the home you select isn't available when you're ready to move. No one wants to move twice, but it may be well worth it to eliminate risk and have more money to work with.

If you currently own a home in DC, Upper Marlboro and Bowie, MD, or surrounding areas, I would be happy to provide you with a FREE Home Valuation so that you know what your home is worth in today's local Real Estate market. If you provide me with some basic information on your home, I'll be able to give you a price range. That range will be determined using the information you provide to establish a list of comparable properties in your area as reported by the Multiple Listing Service (MLS). Or I can provide you with a more precise valuation by briefly visiting your home.

You may also take advantage of my House Value tool that is free, and within minutes will have a pretty good ideal of your Fredericksburg area house value. Get Started Today!