Zillow Advice: Home Ownership - Is it a good idea to sell our home before we buy a new one? http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-sell-our-home-before-we-buy-a-new-one/486852/ Zillow Advice | Zillow Real Estate It probably is better if ... http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-sell-our-home-before-we-buy-a-new-one/486852/ It probably is better if you sell first and then buy...you could try and do a sale with a purchase contingency but that does not look like a very promising deal to the would be buyers or your property. <br/>Good Luck!!! Mon, 23 Sep 2013 04:39:00 GMT http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-sell-our-home-before-we-buy-a-new-one/486852/ 2013-09-23T04:39:00Z That is kind of ideal. . ... http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-sell-our-home-before-we-buy-a-new-one/486852/ That is kind of ideal. . <br/>The hard part is being in limbo while looking for a new property.If you went to the lender with and let them know that your current property is under a solid contract. You should be in a good position&nbsp;&nbsp;The current mortgage will be calculated on your debt to income ratio. So it would be best to sell first. Eliminating a large percentage of that ratio, possibly qualifying you for a larger property. Mon, 08 Apr 2013 04:00:00 GMT http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-sell-our-home-before-we-buy-a-new-one/486852/ 2013-04-08T04:00:00Z You can also sell contingent ... http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-sell-our-home-before-we-buy-a-new-one/486852/ You can also sell contingent upon buying another property...<br/>There are many options...<br/> Mon, 08 Apr 2013 03:58:00 GMT http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-sell-our-home-before-we-buy-a-new-one/486852/ 2013-04-08T03:58:00Z Unless you're independently, ... http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-sell-our-home-before-we-buy-a-new-one/486852/ Unless you're independently, it's always better to remove the current mortgage from your credit (by paying it off) before applying for a new mortgage. There are a few "work-arounds" but it's definitely best to get rid of any current mortgage first, if possible. <br/><br/>Fell free to reach out to me if you'd like to find out more about the selling process... I'd be happy to go over that with you, if you like.<br/><br/>David Mon, 08 Apr 2013 03:53:00 GMT http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-sell-our-home-before-we-buy-a-new-one/486852/ 2013-04-08T03:53:00Z Unless you can afford to ... http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-sell-our-home-before-we-buy-a-new-one/486852/ Unless you can afford to carry two mortgages at the same time (in the eyes of the lenders), then it is better to sell the first home first.&nbsp;&nbsp;&nbsp; It will give you much more flexibility and larger buying power to have sold the current home. Mon, 08 Apr 2013 03:40:00 GMT http://www.zillow.com/advice-thread/Is-it-a-good-idea-to-sell-our-home-before-we-buy-a-new-one/486852/ 2013-04-08T03:40:00Z