Decide which comes first
Most move-up sellers face the same puzzle: they need the equity from the current home to buy the next one, but they do not want to move twice. There are a few common ways to solve it, and each has costs and risks.
Options to discuss
- Sell first, then buy. The cleanest financially. A rent-back after closing or a short-term rental can bridge the gap.
- Contingent offer. Your purchase depends on your sale. It avoids extra financing but may make your offer less competitive.
- Bridge loan or home equity line. Access equity before selling. Costs and qualification vary, and a line of credit usually has to be in place before you list.
- Rent-back. You stay in the home for an agreed period after closing. It must work for the buyer and be written into the contract.
The rate lock-in guide covers these in more detail, and the buy now or wait calculator helps model the next payment.
Plan the purchase side
Use Pick Your San Diego to narrow neighborhoods, compare guides like Carmel Valley and 4S Ranch, and read the buyer's guide to budgeting before committing to a price range.