Should You Sell First or Buy First? Here's What Utah Homeowners Need to Know
Thinking about selling your current home and buying a new one—at the same time?
You're not alone. Many homeowners across Utah County and Salt Lake County are navigating this exact situation. But the big question remains:
Should you sell first or buy first?
The truth is, there's no one-size-fits-all answer. However, in today’s market, more and more homeowners are choosing to sell first—and here’s why it can be a smart strategy:
âś… Tap Into Your Equity
Home values in Utah have risen significantly in recent years. Selling first allows you to access that equity, giving you more buying power for your next home. Some sellers even walk away with enough to pay cash or make a strong down payment.
âś… Avoid Two Mortgages
Buying before selling often means juggling two mortgages—a financial and emotional strain for most families. Selling first simplifies your finances and reduces stress.
âś… Make a Stronger Offer
When you’ve already sold your home, your next offer doesn’t include a “home sale contingency.” This makes your offer more appealing to sellers, especially in competitive markets like Lehi, Provo, or Salt Lake City.
⚠️ What’s the Catch?
Selling first may require temporary housing. You might need a short-term rental or to stay with family—but your real estate agent can help you arrange flexible move-out dates or post-closing occupancy to make it manageable.
If you’re thinking about making a move in Utah County or Salt Lake County, the best thing you can do is start the conversation early. A trusted local agent can help you understand your home’s value, your equity, and the market timeline so you can make a confident decision—without the chaos.
Have questions? Let’s connect and talk strategy.
Posted by Dan Kennedy on
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