There are a number of people who already own a house and still saving money to buy a real estate property. This is when you find a property and a neighborhood that you really like. At times a dream house like a beachfront house becomes for sale on the location that you always dream of living. The question is that will you immediately sell your house in order for you to have good amount of money to buy yourself a new house? Or save money buy the new house and then sell the old one after? There is really no clear cut answer for this questions because there are a lot of factors that you need to consider. For instance, you need to check you personal and financial situation, then you also need to check the real estate market on your area and the area where you want to buy the new house. You need to be very careful about this, and need to consider the timing because if not, you might end up selling your old house at a very low price, not get the dream house that you want and find yourself spending the money you have on rent payments.

Here are a few pointers that you can check to help guide you on this sticky situation:

1. Checking the status of the real estate market on your area - If there's a seller's market on your area then it could be a good time to also put your old house on the market. Check also the real estate market on the area you want to buy the new house. You can try to make an offer immediately so that you can stop the climb of the price of the house if there is also a fast upward trend on that area. In order to also not be overwhelmed you can put a contingency plan that you will push through with the sale if you have already sold your old house. A lot of times during a seller's market many sellers will not agree to your contingency but it it is up to you to try it and negotiate with the seller. Another thing that you need to ask yourself is that can you manage to sell your old house and go through the selling process and while going through the purchasing process all at the same time?

2. Getting a very good deal - when you shop for a house, for example you are looking at Yardley homes for sale and found a Yardley real estate property that you really like and the price is not that high and everything is just about right with the house and the neighborhood. It's really hard to pass this kind of opportunity and you are afraid that someone might get it if you do not act immediately. This can really be difficult, however, you need to be careful and cautious, you need to ask yourself if you can maintain two houses? Are you able to quickly sell your old house? How long are you able to keep two houses? Will your finances be stretched to thinly? If ever difficulties or something came up, are you able to address it? Do you have any provisions if ever some issues or concern comes up with the selling of your old house? You need to ask yourself those questions, and should get a good answer before you decide to buy the new house.

3. You are hundred percent sure that you can sell your old house with the price that you have set it for - Spending the money that you still have is a wrong practice. If you are confident that you can sell your old house at a price you want and buy the new house with that assumption then you might end up in a disaster.Assuming things especially on this kind of case is very risky. If the buyer of your old house is pushing through and is serious on closing the sale a few months ahead before you buy your new house then that is okay. Even if there are some bumps along the way of selling your old house, you can probably hold the old house and start the purchasing process of the new house. A couple of months of holding two houses is something that you can consider as long as you are sure that the buyer of your old house will really close the sale. Again, you need to understand that you are putting yourself in a risky situation, so before you enter on this kind of situation, you really need to think and prepare. The last thing that you need is maintaining two houses for a very long time which could be a drain on your finances.