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Old 03-24-2021, 12:49 PM   #348
Monahammer
In the Sin Bin
 
Join Date: Jan 2018
Location: Alberta
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Agreed with Silver. I have only sold a house i've owned to buy another once so far, but there was a lot of stress involved in ensuring financing was in place with the buyers of our former home in time for our financing for the new home. Our home was on the market for ~5 months. If we'd done the other way we would have paid through the nose for additional financing fees as we waited for our other house to close... and I would have lost all my hair waiting for the right buyers in that time.

The market was really cold then, but it was stressful enough trying to sell without having to think about 2 mortgages. Although moving twice is a pain, the shorterm rental option as you find your forever home would no doubt be preferable in my opinion.
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