Should I Sell My Sioux Falls Home Before Buying My Next One?

Should I Sell My Sioux Falls Home Before Buying My Next One?

If you’re planning a move in Sioux Falls, you’ve probably wondered: “Do I sell first or buy first?” Get this wrong, and you could end up stuck with two mortgages, or scrambling to find a place to live.

I recently helped a Harrisburg family face this exact question. They had their dream home picked out, but their current home wasn’t on the market yet. We created a plan that let them buy first without carrying two mortgages, and it worked beautifully. Stories like theirs are common, but the right strategy makes all the difference.

So, what’s the best move for your family? Let’s break it down.

Selling First in Sioux Falls: The Benefits

Many Sioux Falls homeowners choose to sell first. Here’s why:

• Financial clarity: You’ll know your exact budget for the next home.
  
  

• Avoid two mortgages: Selling first eliminates double payments.
  
  

• Stronger buying power: Buyers with cash on hand stand out in the market.
  
  

The trade-off: You might need temporary housing or storage until you close on your new home.

Buying First in Sioux Falls: Why It Works for Some Families

Buying your next home before selling your current one can also make sense:

• Move at your own pace: Shop without feeling rushed.
  
  

• Smooth transition: Skip the stress of moving twice.
  
  

• Easier staging: Show your old home while it’s empty.
  
  

The risk: Carrying two mortgages, at least for a short time. But Sioux Falls families often use bridge loans or home equity lines of credit to ease the transition.

What the Sioux Falls Housing Market in 2025 Means for You

The Sioux Falls market is balanced in 2025. Homes aren’t flying off the shelf overnight, but well-priced and well-presented homes are selling steadily. That balance gives you flexibility to decide whether selling or buying first fits your family best.

FAQs: Selling Before Buying in Sioux Falls

Q: Do I need to sell my home before buying a new one?
A: No. You can buy first with financing tools like bridge loans. Selling first, though, gives you more financial certainty.

Q: How do I avoid paying two mortgages at once?
A: You can sell first, negotiate a rent-back, or explore Sioux Falls lender programs like bridge financing.

Q: What if I sell but can’t find a new home right away?
A: Many families use short-term rentals, stay with relatives, or negotiate flexible closing dates to bridge the gap.

Conclusion

There’s no universal answer to whether you should sell or buy first in Sioux Falls. The right move depends on your finances, timeline, and comfort level. The key is having a plan tailored to your family’s needs, and that’s where I can help.

📩 Ready to create a stress-free strategy for your move? Connect with me today:
📧 julie@julierothrealestate.com
📲 605-740-0645
💻 julierothrealestate.com