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It’s harder buying the next house I want to live in than the 1st house - is this an okay plan?

Tl;dr Does it make sense to buy the new house we want (likely with a smaller down payment and pay PMI), then put our current house on the market and try to sell. Then recast the new mortgage depending on how much it costs to sell the first house?

So I’ll admit it’s easier in the sense we know more of what we want, and that we’re slightly more familiar with the buying process having gone through it. That said, we’re totally rookies to selling our first house, and it seems need even more money saved to account for the down payment/costs with buying a new home + the costs associated with selling a home.

Concern with selling our current home first, then being on the clock finding a new place or stick with contingent offers we’re placing or adding a rent back clause.

That said going the other direction, I struggle with knowing what the house we live in now actually sells for and how much we need available for sellers cost.

Are these valid concerns? Appreciate any insight. Thanks

submitted by /u/superspeedymanatee
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source https://www.reddit.com/r/RealEstate/comments/k3xkub/its_harder_buying_the_next_house_i_want_to_live/
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