Getting ready to move is exciting, but it also comes with some big decisions. One of the first questions many Utah homeowners ask is:

Should I start by finding my next home?

Or is it smarter to sell my current house first?

The truth is, the answer depends on your situation, but working with a knowledgeable agent can help you understand the Utah real estate market, assess your options, and make the right move for you.

That said, in today’s market, selling your current home before buying your next one often makes the most financial and strategic sense. Let’s break down why that is and how the right real estate agent can guide you through it.

3 Key Benefits of Selling Your Home First

1. You Can Tap Into Your Home Equity

Utah real estate has appreciated significantly in recent years, and that means many homeowners are sitting on serious equity. According to recent data, the average homeowner in the US now has around $302,000 in home equity.

By selling first, you can access that equity and use it for your next home, whether that means putting down a bigger down payment, covering closing costs, or even buying in cash. This can give you greater flexibility and peace of mind during your home search.

2. Avoid the Stress of Two Mortgages

Trying to buy a new house before selling your current one can be risky. If your current home doesn’t sell quickly, you could end up with two mortgage payments. Not to mention double the utilities, insurance, and upkeep. Selling first helps you avoid that financial strain and makes the transition smoother.

3. Make a Stronger Offer on Your Next Home

In a competitive real estate market like Utah’s, sellers are looking for clean, straightforward offers. If your current home is already sold, your offer isn’t contingent on that sale, and that can make your bid much more attractive. A skilled real estate agent will help you present your offer in the best possible light.

A Possible Tradeoff: Temporary Housing

One thing to keep in mind: if you sell first, you may need a short-term place to stay before your next home is ready. This could mean renting for a bit or staying with family. But your agent can help negotiate a post-closing occupancy agreement (where you rent your own home back for a few weeks) or arrange a flexible closing timeline to help bridge the gap.

What’s Right for You?

There’s no one-size-fits-all answer. Every move is different, and your personal timeline, financial situation, and goals all matter. That’s why it’s important to work with a trusted Utah real estate professional who knows how to navigate the market and guide you through the process.

Bottom Line

Selling your current home first can give you more clarity, more control, and more financial power when it comes to buying your next one. If you’re thinking about making a move, let’s connect. We’ll review your equity, talk timing, and help you take the next step with confidence.