The two paths, honestly compared
Sell first, then buy. You know exactly what you have to work with before you make an offer on anything. It's the lower-risk path. The tradeoff is you may need temporary housing between the two closings. That's an added cost and a hassle, but a manageable one.
Buy first, then sell. You avoid moving twice, and you're not scrambling to find a home on a deadline. The tradeoff is carrying two properties, even if only briefly. And if your current home doesn't sell as fast or for as much as you expected, that's real financial pressure.
What your equity allows
If you have a lot of equity in your current home, there are financing options, like a bridge loan or a home equity line, that can let you buy before you sell without carrying the full weight of two mortgages. If your equity is tighter, selling first is usually the more comfortable route. I'd tell you that directly rather than push you into a purchase that stretches you thin.
Worth asking yourself: if your current home took an extra two months to sell, would that be a stressful inconvenience, or a real financial problem? Your honest answer says a lot about which path fits you.
The market matters here too
In a fast-moving market, buying first can be riskier, because you might feel pressure to overpay to lock something down before your old home sells. In a slower market, selling first can mean more time in temporary housing while you search. When we talk, I'll give you a straight read on which one we're in right now.
A middle option people forget about
You can sell your current home with a rent-back or an extended closing, which gives you extra time in the house after it sells while you shop for the next one. It doesn't work in every situation. But it's worth talking about before you assume it's all or nothing.
What I'd actually do
I'd start by getting a real number on what your current home would likely sell for, and a real pre-approval for what you could afford next. With both of those in hand, the decision usually gets a lot clearer. It stops being a guess.
I'm not going to tell you what to do without knowing your numbers. But I can walk you through the tradeoffs honestly and help you figure out which kind of risk you're comfortable carrying.
Talk through your timing