For most homeowners, selling first makes the most sense financially. Holding onto a second house often means having to make two mortgage payments at once. Similarly, selling first will give you a much clearer idea of your budget for your new home. Depending on market conditions, your home may or may not sell for as much as you were hoping. It’s important to keep this in mind before signing onto a new mortgage.

Remove unnecessary items from your attic, basement, storage shed, etc. Use things you can't move, such as frozen foods and cleaning supplies. Obtain information about your new community. Secure a floor plan of your new residence and decide what household items you want to keep. Start a possessions inventory.

You should commit yourself to working with one sales associate who can learn your likes and dislikes in homes to make your home-buying process easier. Choose a professional who specializes in residential real estate and who has specific knowledge of the local real estate and mortgage markets.