Reply to Moving up to a bigger house: Is it possible?

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[quote=Anonymous]Depends on if you're looking in a hot area or otherwise anticipate competition for houses. If so, sell first. It's really not worth the aggravation and stress of making offers based on assumptions of when and for how much you'll be able to sell. Plus, you'd have to offer a lot more than other bidders to win out in a multi-bid situation with a home sale contingency. I went though all this over the past couple years. Like you OP, we tried to buy first but watched in frustration as our offers kept losing out in multi-bid scenarios, even when we offered the same or a bit more. Finally wised up and sold my place (it was super fast and we got way more than we thought we would). With that in hand, we won out the next house we bid on. Inventory has been really anemic for a while now - if you want to get the one good house that pops up every few months, have all your ducks in a row. Of course, if you're looking in a slow market, then go ahead and just use the contingency. [/quote]

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