Patrick's Quick Answer
You can buy before you sell, but only if your financing works and your timing is coordinated. The cleanest path is a buy-first program that lets you make a non-contingent offer, often by wrapping your existing home into the plan, so you are not stuck with two payments or a weak contingent offer. The deciding factors are your equity, your new-home price, and how the two closings line up. Get this planned before you start touring.
This guide explains how buyers can purchase their next home before they have sold the one they are in. When life changes, like a growing family that needs a fourth bedroom or empty nesters ready to downsize, moving usually means trying to buy a new home while still selling the old one. The problem is that most people cannot carry two mortgage payments at the same time, so they get stuck making a weak contingent offer. There is a smarter way: a "buy first, sell later" program that lets you make a non-contingent offer by wrapping your existing home into it. Below is how it works, who qualifies, and what to watch for.
Watch Patrick walk through this buy-first, sell-later strategy on The Mortgage Patriot YouTube channel.
Watch the Video on YouTubeAbout Patrick Kevin Fagan, REALTOR®
Patrick Kevin Fagan is a Texas Real Estate Sales Agent (#454749) with AXEN Realty LLC and a Senior Loan Officer (NMLS ID #877741) with NEXA Mortgage, LLC (NMLS #1660690). He brings 23+ years in mortgage lending and 19 years in real estate, serving homebuyers, homeowners, and sellers across Greater San Antonio and the Texas Hill Country.
Answered by Patrick Kevin Fagan
Texas Real Estate Sales Agent #454749, AXEN Realty LLC · Senior Loan Officer, NMLS ID #877741, NEXA Mortgage, LLC
Call or text: 210-317-6514
