By Natalie Novarro, REALTOR®
Sotheby’s International Realty – Beverly Hills
Serving: Hollywood Hills • Sunset Strip • West Hollywood
https://natalienovarrohomes.com

Should you sell your current home before buying your next one?

Short answer:
It depends on your finances, risk tolerance, and the type of market you’re buying into.

This is one of the most common questions I hear from homeowners throughout Los Angeles, especially in the Hollywood Hills, West Hollywood, and Beverly Hills.

While there isn’t a one-size-fits-all answer, understanding the pros and cons of each approach can help you make a smarter decision.

The Benefits of Selling First

Selling before buying offers several advantages.

First, you’ll know exactly how much money you have available for your next purchase.

You’ll also:

Avoid carrying two mortgages
Eliminate uncertainty about your proceeds
Strengthen your financial position
Reduce overall risk

For many homeowners, the peace of mind alone makes this the safer option.

The Downsides of Selling First

The biggest concern is obvious:

What if you sell your home and can’t find a replacement quickly?

In competitive areas of Los Angeles, some sellers worry about:

Temporary housing
Moving twice
Missing opportunities
Feeling rushed during their home search

These concerns are legitimate and should be part of the conversation.

The Benefits of Buying First

Buying first gives you flexibility.

You can:

Move on your timeline
Avoid temporary housing
Take your time preparing your current home for sale
Make stronger decisions without feeling rushed

For sellers with substantial equity or available cash, this can be an attractive option.

The Risks of Buying First

The challenge is financial.

You may end up:

Carrying two mortgage payments
Taking on additional debt
Feeling pressure to sell quickly afterward

If the current home takes longer to sell than expected, the situation can become stressful.

What About a Leaseback?

One solution many Los Angeles sellers use is a leaseback.

A leaseback allows you to:

Sell your home
Close escrow
Remain in the property temporarily while paying rent to the new owner

This can provide extra time to secure your next home without moving twice.

Today’s Market Requires a Strateg

The right answer depends on:

Your equity position
Available cash reserves
Desired timeline
Neighborhood
Current market conditions

A seller in the Hollywood Hills may have different options than someone selling a condo in West Hollywood or Century City.

That’s why planning matters.

The Goal Is to Reduce Stress

Most homeowners focus entirely on the transaction.

But the real objective is creating a transition plan that minimizes risk while giving you flexibility.

The best strategy is often the one that allows you to make decisions confidently rather than react under pressure.

FAQ

Can I make an offer contingent on selling my current home?

Yes, although sellers may view contingent offers less favorably in competitive situations.

What is a leaseback?

A leaseback allows the seller to remain in the home after closing for a negotiated period of time.

How long do leasebacks usually last?

Many leasebacks range from 30 to 60 days, although terms vary.

Is it safer to sell first?

Financially, yes. But every situation is different.

Thinking About Selling?

Thinking about buying or selling in the Hollywood Hills or surrounding Los Angeles neighborhoods?

I specialize in luxury and architectural homes throughout Los Angeles, with a focus on the Hollywood Hills and Sunset Strip.

For more information or to get in touch, visit the Contact page or call/text 323-719-3360.

I’m always here to help.

About the Author

Natalie Novarro is a real estate agent with Sotheby’s International Realty in Los Angeles, specializing in the Hollywood Hills and Sunset Strip.

With over 20 years of experience and more than $100M in career sales, she works with buyers, sellers, and investors throughout Los Angeles.