It can be quite tricky to move up to a new home if you have an existing home, especially if you're still paying for it. It's a bit hard to time the move, to sell the house just in time as you close the purchase of the other house. This is why some people prefer to sell the house first before they buy a new one. Of course, depending on how your home search goes, you can be stuck with renting a place temporarily until after closing the deal on the new house. There are also risks involved, although some people prefer this risk over buying a house first then selling later, which could mean that if they can't sell the house on time, they may be stuck with two mortgages to pay for a few months.

Here are also some other reasons why some people may consider selling first before buying a home:

1. They're currently experiencing a seller's market - For example, if you currently want to buy Tacoma real estate property and you already know how much Tacoma homes for sale go for because you did your research, you'll know more or less how much you'll need for a new home. If you're currently experiencing a seller's market, you'll be even more persuaded to sell because you'll know that you have a better chance of selling at a good price, and even striking a deal with the buyer that you can be given ample time to move as part of the purchase agreement. If you currently have a seller's market, this is a great time to consider selling first before buying. Real estate markets aren't the same in all areas, though, so better check where you want to buy.

2. You got a sweet deal - At times you come across an offer you'll find very difficult to pass up. If you are considering buying Tacoma real estate, for example, and you've been wanting to move here a while, finding a house that fits your dream home at a price range that's within your budget, and with a seller that's quite motivated to sell is quite a boon. It's hard to pass up a deal when it's your dream house and it's being sold in a very desirable situation. Of course, a sweet deal should only be taken if you're sure that you can actually keep the house. Don't go in over your head by committing to something you can't afford just because it's a great deal. Considering how much your current house will go for as well as whether you have enough funds to shore up your finances for what could happen if you end up needing to rent temporarily.

3. You know you can sell the house for a particular amount - There's really no way to know how much you'll be able to sell your house for, but you can hazard an educated guesstimate, with the help of your real estate agent. If you're pretty confident that you can make a certain amount of money from the sale, and that you can sell the house at a reasonable amount of time, you may be more confident to purchase a new house. However, this is a very risky move. Unless you're absolutely certain you want to make that risk, it's best not to make decisions that can affect you so adversely as, say, ending up with two mortgages at the same time.