Should I Sell My Current Home Before Buying a New One in Portland?

By Lisa Mehlhoff Homes, Portland Realtor

In Portland’s dynamic housing market, one of the most common questions homeowners ask is:
“Should I sell my current home before buying my next one?”

The answer depends on your financial comfort level, risk tolerance, and timing needs—but there are clear pros and cons to each approach.

Selling First: The Benefits

1. Clear Financial Picture – You’ll know exactly how much equity you have from your sale before committing to your new purchase.

2. Stronger Buying Power – In competitive markets like Portland, having your home sold (or pending) makes your offer more appealing to sellers.

3. No Risk of Two Mortgages – Avoid carrying two home loans at once, which can be financially stressful.

So what? In Portland’s current market, sellers often need to make quick, competitive offers. Being a non-contingent buyer can be the edge that gets you into your dream home.

Buying First: The Benefits

1. No Need for Temporary Housing – You can move directly from your old home into the new one.

2. Time to Find the Right Home – You can shop at your pace without worrying about where you’ll live in the meantime.

3. Market Flexibility – If inventory is low, securing your next home first can ensure you don’t get stuck without a place to go.

So what? If you have the financial flexibility—or access to a bridge loan—buying first can give you peace of mind and help you avoid rushed decisions.

The Portland Market Factor

As of this season, the Portland real estate market is experiencing:

• Balanced to slightly competitive conditions in certain neighborhoods

• Longer days on market for some listings, giving buyers a little more room to negotiate

• Interest rates that are influencing both buyer urgency and seller strategy

This means your decision may also come down to how quickly your current home is likely to sell in your specific neighborhood and price range.

Options to Make the Transition Smoother

• Bridge Loans – Short-term financing to buy before you sell.

• Rent-Back Agreements – Negotiate extra time in your current home after closing to allow a smoother move.

• Contingent Offers – Still possible in certain Portland price points and areas.

Final Thought

There’s no one-size-fits-all answer, but in Portland, strategy matters. Whether you sell first or buy first, the right plan will minimize stress, maximize financial return, and align with your timeline.

Thinking about making a move? Let’s talk strategy for your unique situation. I’ll help you understand your home’s current market value, create a personalized buying and selling plan, and connect you with trusted lenders who can make the transition seamless.