Why Should I Sell My House Before I Buy? Selling your home before buying a new one is highly recommended by mortgage counselors and financial advisers. If you buy a new home without first selling your old one, you may end up having two mortgages. This can be hard to maintain, especially if you are raising a family or you have other obligations and debts to pay. Although you risk being homeless if you decide to sell before you buy a new house, it can be easily remedied by renting an apartment temporarily. Here are the biggest benefits of selling before buying a new house. Contingencies Can KILL a Deal Imagine you are selling your home, and you have 2 people interested. One offers you 200K and can close in 30 days. The other offers you 210K but needs to sell their home first, before they can buy yours... Who do you go with? I need not explain more. The market is crazy right now and you will be competing with other people for your dream home. I have seen this situation happ