Should I sell my house before I purchase another house?

Author: Tracy Phelan, Broker RE/MAX Garden City Realty Inc. Brokerage |

The problem is in a seller’s market you can sell but where do you go right?
Option #1 - Choose a longer closing date to give you time to find the perfect home.
Option #2 - You can opt for a “rent back”: you rent your home from the new buyer while you secure your next house.
Option #3 - Explore the other temporary living options—renting nearby, house sitting, living with family—and consider how each would be for a month to a year’s time. Have a plan B in case the reality of the stay is not what you anticipated.