In your opinion, should I sell my current property before buying a new one or not?
It is possible to buy and sell at the same time, but there are many factors to consider. This factor is Current market conditions, Your financing options, Control your moving timeline. Buying your new home as you're selling your old one has its advantages. For example, you only have to move once. While it sounds ideal, not everyone will qualify or have the funds to pay two mortgages if your old home doesn't sell. Talk to lenders and your real estate agent to find out which option makes the most sense for you.
Check to see if you can get a bridge loan that will allow you to buy before you sell. Some lenders are now willing to consider that in a strong seller's market. If you have a vacation home and can work from anywhere you may be able to use your second home as a place to land while you look for a new primary home. You can also consider renting for a year or two to see if the market cools down before you buy. Speak with a local REALTOR® to see what options are available in your area.