Is it better to buy and house then sell or visa versa? Is it better to buy a new house before you sell your old one or should you sell first? If you are thinking about moving anytime soon then you know how annoying this question can be. So what do you do? It is a tough question because a lot of the answer will depend on how much money you have. For instance do you need to use the equity in your current home to purchase your new home? And did you know that many lenders will insist on seeing your contract of sale before they will even consider giving you a mortgage for your new home? And then on the other hand there are many sellers who want to see that you have been approved for they sell you their house. This sounds like quite a problem but it is one that can usually be gotten around with relative ease. As far as the seller goes, all they are really concerned about is whether or not you can actually afford the to buy their house. They do not want to end up getting the short end of the stick. A good option is to get a mortgage pre approval. This is a simple statement that makes it clear that the lender is willing to lend you the money that you need to make the purchase of the house. This will help to put the mind of the seller at rest because they know that their needs will be taken care of. This paper will not have a specific amount on it and there is no need for you to actually have to get your mortgage from the company that gives you the pre approval. Once the seller is satisfied that you are worthy of buying their house then you can start the actual shopping for a mortgage. Shopping for the right mortgage is something you need to do carefully. You will need to compare many different lenders in order to find the one that suits you and your needs best.