Sell First or Buy First? The Secret Strategy Alberta Homeowners Should Know

If you're planning to move, there’s one question you’ve likely asked yourself:
Should I sell my current home before buying my next one—or buy first and sell later?

It’s a tricky call, and the wrong move can leave you stuck with two mortgages, living in temporary housing, or worse—losing out on your dream home.

Let’s break it down based on your situation, the market in Alberta, and a lesser-known trick that could make the process way less stressful.

🏡 Selling First: Why It Might Work for You

In a buyer’s market (when homes take longer to sell), selling your current home first is usually the safer bet.

Pros:

• You know exactly how much money you’ll have to work with
• You avoid carrying two mortgages
• Your buying offer is stronger—fewer conditions!

Cons:

• You may need temporary housing if you don’t find your next home right away

The timing can feel rushed unless you negotiate a longer possession date

🔑 Buying First: When It Makes Sense

In a seller’s market, where homes sell quickly, it can make sense to buy first—especially if your perfect home pops up and you don’t want to miss out.

Pros:

• You can take your time finding the right property
• You avoid the stress of moving twice
• You don’t feel pressured to settle

Cons:

• You may need bridge financing or qualify to carry both mortgages
• Risk of your current home taking longer to sell than expected

🤫 The Secret Weapon: “Sale of Buyer’s Home” Condition

Here’s something not everyone talks about—but it can be a game changer in Alberta.

The Sale of Buyer’s Home condition allows you to make an offer on a home conditional on selling your current one. It gives you a safety net.

But there’s a catch...

Most offers with this condition include a 72-hour clause, which means the seller can continue to show the home. If another buyer makes an offer, you have 72 hours to remove ALL of your conditions—or lose the home.

It’s not for every market, but in balanced or slower markets, it can help you secure your next home without gambling everything.

📈 What’s the Best Choice?

That depends on your financial situation, your risk tolerance, and—most importantly—the type of market we’re in.

🎯 Final Thoughts

There’s no one-size-fits-all answer. But when you understand the pros, cons, and hidden tools available in Alberta real estate, you can make a confident, well-timed move.

Want help figuring out the right approach for you?