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Selling house while living in it, with 3 cats and 2 dogs, and buying in new city

Hey Reddit, I may be getting a new job in a new city that is a little over an hour away which would be great, but also has many complications. Here are some facts and some questions for others who have been in this position.

  1. We own our current house
  2. We have 2 dogs and 3 cats
  3. New job will be partially remote, but some onsite work
  4. New job is roughly 1 hour 20 minutes away and flexible, meaning I can plan to drive up once/twice a week for the day until we move.
  5. We probably can't afford to buy a new house until our current house sells
  6. Income is 76k+38k=144k joint currently, new job will be 78k and my wife will be able to get 38k again at a new job with no problem based on her field. We know financially this is not the best idea, if I get the job we will be taking it for other reasons (mental health, current job stress, location, time off, ect...)
  7. Midwest, plan on selling current house for 230k, still owing 169k, 20k estimating in closing costs/random repairs (house is in very nice condition) for 41k net. All the net proceeds would go towards down payment on new house. We have around 16k liquid right now in bank accounts.

Questions

  1. We planned on taking the dogs on a walk during showings to get them out, but what do we do with the 3 cats?

  2. Can we even put an offer in on a new house contingent upon the sale of our current house? Would that severely handicap our offer?

  3. We haven't found any rental properties in the new city that would allow us to have 5 pets, so the obvious solution of getting an apartment and moving now while leaving our current house empty while it is being shown to sell won't work. Are there any other creative solutions to this problem?

  4. I don't have the job offer yet so we haven't talked to a realtor or mortgage lender, this is preplanning stages to get ideas on what we can do. Will they use the 144k/year joint current salary or just the 78k/year new salary when calculating DTI ratio? It would simplify things a ton if we could buy the new house before selling the old house, and with the ridiculous amount they pre-approved us for originally when we bought our current house (like 400k, it was insane on our salaries) we could find something around 180k in the new city no problem, and be under that total between both mortgages. The second house would not be considered primary residence though and that changes loan types, right?

Any other suggestions or ideas would be welcome too, thanks for reading this wall of text.

submitted by /u/taliadias
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source https://www.reddit.com/r/RealEstate/comments/sgaasg/selling_house_while_living_in_it_with_3_cats_and/
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