Joel DyckReal Broker SK Ltd.
Saskatoon · From the topic map

Should I sell my University Heights home before or after I buy out of province?

Whether to sell before or after buying out of province depends mostly on how much of your down payment is tied up in your current home's equity, since the Saskatchewan REALTORS Association's current reading of 1.63 months of supply citywide means a well-priced University Heights home is not typically a long hold once it is listed correctly.

Selling first removes financing risk. You know your net proceeds before you commit to a new purchase, and you avoid carrying two mortgages or a bridge loan, at the cost of needing a flexible possession date or temporary housing if the timing does not line up perfectly.

Buying first gives certainty on the new home but adds cost and risk here: carrying two properties, a bridge loan's interest, and the pressure to accept a lower offer on University Heights because you need the sale to close by a fixed date.

The right order depends on your equity, your risk tolerance for carrying two properties, and how firm your new closing date really is. Get your hand-reviewed valuation from Joel Dyck.

Get your hand-reviewed valuation from Joel Dyck.

Still have a question?

Ask Joel directly. No form, no obligation, and a real answer even when the answer is that now is not the time to sell.