One of the most common questions I get from homeowners in Las Vegas, Summerlin, and Henderson is:
“Should I sell my home before buying the next one?”
It’s a great question — and the answer really depends on your financial situation, risk tolerance, and the current market conditions.
The good news is that you don’t necessarily have to choose one or the other. There are strategies that allow you to buy your next home while your current one is still under contract.
One of the most common is called a Contingent Upon Sale agreement.
Let’s break it down.
What Is a Contingent Upon Sale Agreement?
A contingent upon sale agreement means that your purchase of a new home is dependent on the successful sale of your current home.
In simple terms:
You make an offer on a home that says:
“I will buy this property once my current home sells.”
This protects you from being stuck owning two homes at once.
If your home doesn’t sell within the agreed timeframe, you have the ability to cancel the purchase contract without losing your deposit.
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Why Some Sellers Are Nervous About Accepting These
From a seller’s perspective, contingent offers can feel risky because their sale depends on another transaction closing first.
However, when structured properly, these agreements can be very strong offers — especially when the buyer’s home is already listed or under contract.
This is where strategy and negotiation make all the difference.
How I Structure These to Get Accepted
After more than 20 years negotiating transactions in the Las Vegas market, I’ve learned that the key to getting contingent offers accepted is removing as much uncertainty as possible for the seller.
Here are some of the ways I structure these deals:
1. List your home first
Having your home already on the market shows sellers you are serious and actively working toward closing.
2. Price strategically for a faster sale
Pricing correctly from the start dramatically improves the strength of your contingent offer.
3. Use tight timelines
I negotiate shorter contingency periods so sellers know they won’t be waiting indefinitely.
4. Demonstrate strong financing
Pre-approval and solid loan terms help reassure the seller that once your home sells, the deal will close smoothly.
5. Protect your interests while keeping the offer competitive
A well-written contingent offer balances protection for you while still giving the seller confidence.
When done correctly, contingent offers can absolutely win in today’s market.
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Other Options If You Want to Buy First
Sometimes homeowners prefer to secure their next home before selling. In those situations we can explore other options, including:
• Bridge loans
• Temporary rent-backs after closing
• Extended closing timelines
• Negotiating flexible possession terms
Every situation is different, and the right approach depends on your goals and timeline.
The Most Important Step: Creating a Plan
The biggest mistake I see homeowners make is starting the process without a clear strategy.
Buying and selling at the same time requires careful coordination of:
- pricing
- marketing
- contract timelines
- inspections
- loan approvals
- closing schedules
When handled properly, the transition from one home to the next can feel seamless.
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Thinking About Making a Move?
If you’re considering selling your home and buying another, the best place to start is with a clear plan for both transactions.
I help my clients map out the timing, pricing strategy, and negotiation approach so they can move confidently without unnecessary stress.
Serving Las Vegas, Summerlin and Henderson.
If you’d like to talk through your options, I’m always happy to help.
Stacy Sheeley Reyes
Luxury Real Estate Specialist
20+ Years Experience | Las Vegas
Personalized Service. Proven Results.
