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Need advice on how to sell first home and buy second home.

Bought first home via FHA 6 years ago. Looking to move, to something a bit nicer, and downsize from 2 story to a 1 story home. I have no idea where to start. Do I contact a realtor? How do I know what a good asking price for my home would be? How do I start looking for my 2nd home purchase? Do I have to sell my house first? Do I need to make an offer on my next house first? I am confused, lost, struggling, stressed out trying to figure out what I have to do. I just want a good starting point to go off of and how do I go about getting pre-approval without tanking my credit score?

I also see houses for sale on our local real estate website for listings in our area, and some say "For Sale" and some say "For Sale: Option Pending / Under Contract / Continue to Show".. what's the difference? Seen some houses that I would move into in a heart beat but have the "option pending" flair.

submitted by /u/Crimtide
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source https://www.reddit.com/r/RealEstate/comments/tih1ti/need_advice_on_how_to_sell_first_home_and_buy/
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