Buying a new home when you already own one is tricky in almost any market.
But when there's limited inventory or a flood of buyers competing for the same properties, it gets even trickier. Even in a slower market, the logistics can still be stressful.
Plenty of homeowners start out thinking, I'll just keep my eyes open, find something I love, make an offer, and it'll all fall into place. Once I have another home lined up, I'll sell my current place quickly—it shouldn't be a problem.
It's an optimistic approach, but reality often plays out differently.
It's understandable if you don't want to sell your current home until you've found the next one. But for many buyers, selling is the only way to free up the funds they need for their next purchase. And that's where things get complicated.
You can end up feeling stuck in limbo—unsure how to make the...