Should You Buy or Sell First in Ormond Beach? How to Decide in Today’s Market

Jan 20

One of the most common questions homeowners ask in Ormond Beach is whether it makes more sense to buy their next home first or sell their current home first. The right answer depends on market conditions, finances, and risk tolerance—but there is a smart way to decide.

In today’s Ormond Beach market, strategy matters more than timing guesses.

Selling First: Pros and Cons

Selling before buying offers clarity. You know exactly how much equity you’ll have, how strong your buying power is, and what price range makes sense for your next move.

Advantages of selling first include:

Clear financial picture
Stronger negotiating position as a non-contingent buyer
Less risk of carrying two mortgages

The tradeoff:
You may need temporary housing or a rent-back arrangement if you don’t find your next home immediately.

Buying First: When It Makes Sense

Buying before selling can work well for homeowners who need certainty—especially if they’re relocating, building new construction, or buying in a competitive neighborhood.

Buying first may be a good option if:

You qualify financially to carry two homes temporarily
You’re purchasing new construction with a longer timeline
You want to avoid feeling rushed

The key risk is market timing. If your current home takes longer to sell than expected, carrying costs can add up.

How the Ormond Beach Market Impacts the Decision

In Ormond Beach, pricing accuracy and neighborhood demand vary widely. Some homes sell quickly; others require patience. This makes planning especially important.

Understanding:

Your home’s realistic market value
Current inventory in your target neighborhood
Whether a contingent offer will be competitive

…can help determine the safest order of events.

Creative Strategies That Reduce Risk

Many homeowners use strategies such as:

Extended closings
Rent-back agreements
Listing preparation before purchasing
Coordinating new construction timelines

When structured correctly, these options can create flexibility without unnecessary stress.

There’s No One-Size-Fits-All Answer

The best decision is based on your goals, finances, and tolerance for risk—not generic advice. In a market like Ormond Beach, having a clear plan before you make a move is what protects your equity and your peace of mind.

If you’re considering a move, understanding your options early gives you leverage—no matter which path you choose.