How can I buy a new house before existing home is sold?TWe have not put our current house on the market. Who would have thought that our first foray into home viewing would result in such a wonderful residence? We would not be able to list our house and sell it prior to making an offer or closing on the new property. Should we use our savings to pay off the mortgage on the first house and give a lower down payment on the second house? Or should we try to balance two mortgages for a time while trying to sell the first house? The seller has another house under contract in another state and is motivated.May 21 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.