What Are the Pros and Cons of Buying New Home Before Selling the Old One?

What Are the Pros and Cons of Buying New Home Before Selling the Old One?: "Many homeowners can't afford to seriously shop for a new home until they have found a buyer for their existing home. They simply can't qualify to carry two homes at once. But even if you can qualify to own two houses at once for a short period, is it wise to take this approach?
There are certain advantages to buying first. You know where you'll be living next, when you can take occupancy and how much you'll be paying."

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Buying a Home Foreclosures