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How to Time Your Sale and Purchase Perfectly in a Fast-Paced Market



Trying to sell your current home and buy a new one can feel a bit like walking a tightrope—especially in a market that’s moving quickly. It’s one of the most common challenges sellers face: "Should I sell first or buy first?"


There’s no one-size-fits-all answer, but with the right strategy (and the right guidance), it’s absolutely possible to make both moves smoothly. Here’s what to consider when trying to time your sale and purchase in today’s market.


1. Understand the Current Market Conditions in Vernon

Is it a seller’s market, buyer’s market, or more balanced?In a seller’s market (where demand is high and inventory is low), homes tend to sell quickly—sometimes with multiple offers. That’s great news for your sale, but it could mean more competition on the buying side.

In a buyer’s market, the opposite is true: you might have an easier time purchasing but may need more time to sell.


➡️ Tip: A local realtor (👋) can help you assess current market conditions so you can make an informed decision based on the latest data.


2. Selling First: The Pros and Cons

Pros:

  • You’ll know exactly how much you made from your sale

  • Less financial pressure when making an offer on your new home

  • No risk of carrying two mortgages

Cons:

  • You may need temporary housing if you don’t find your next home in time

  • Could feel rushed when buying


➡️ Best for: Those who want financial certainty or are willing to rent short-term if needed.


3. Buying First: The Pros and Cons

Pros:

  • You’ll have more time to find the right home

  • No need for temporary housing or storage

Cons:

  • You may need to carry two mortgages temporarily

  • You could feel pressure to sell your current home quickly


➡️ Best for: Those with strong financial flexibility or confidence their home will sell quickly in the current market.


4. Consider a Sale Contingency or Extended Possession Dates

Some strategies can help bridge the gap between buying and selling:

  • Sale contingency: You make an offer on a new home conditional on the sale of your current one (though this is less attractive in a hot market).

  • Extended closing date or rent-back: Negotiate to stay in your home after it sells, giving you time to find and close on your new place.


These options can provide breathing room when coordinating both ends of the move.


5. Lean on a Realtor Who Can Help You Juggle Both

Timing two major transactions isn’t easy—but it’s what I do every day. Working with someone who knows the Vernon market inside and out can help you:

  • Properly price your home so it sells at the right time

  • Spot the right opportunities as soon as they hit the market

  • Coordinate dates, negotiations, and contingencies to reduce stress


Let’s Make the Move Work for You


Buying and selling at the same time can feel overwhelming—but it doesn’t have to be. With the right plan in place and someone in your corner, you can move forward with confidence.


Need help figuring out the best timing for your situation? Let’s talk strategy.

 
 
 

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RE/MAX VERNON

5603 27th Street Vernon BC V1T 8Z5

Office       250-549-4161

Toll-free     1-800-667-4161

Fax          250-549-7007

Email       contact@okanagansavvy.com

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