Move-Up Buyers Guide

 

Ready for More Space? Here's How to Make Your Next Move.

You've outgrown your current home. Maybe your family is expanding, you need a home office, the kids need their own rooms, or you're simply ready for an upgrade. Whatever the reason, moving up to a larger or better home is an exciting step—but it comes with unique challenges that first-time buyers don't face.

 

The biggest question: How do I buy my next home while selling my current one?

 

With roughly 1,000 transactions and 18+ years helping San Antonio families navigate this exact situation, Tami Price understands the timing, strategy, and coordination required to make your move-up seamless and stress-free.

The Move-Up Buyer's Challenge

Timing Is Everything

Unlike first-time buyers who simply find a home and buy it, move-up buyers must coordinate two transactions:

1. Selling your current home - To access equity for your next down payment  


2. Buying your new home - Before someone else gets it
The risk: Sell too fast and you're homeless between closings. Buy too fast and you're carrying two mortgages.

 

The goal: Align both transactions so you move once, seamlessly.

Your Move-Up Options

Option 1: Sell First, Then Buy


How it works: List and sell your current home, then use proceeds to purchase your next home.

 

Pros:

✅ Know exactly how much equity you have for down payment
✅ Stronger buyer (no home sale contingency weakens your offer)
✅ No risk of carrying two mortgages
✅ Less financial stress

 

Cons:

❌ May need temporary housing between closings
❌ Pressure to find new home quickly
❌ Potentially two moves (current home → temporary → new home)


Best for: Buyers prioritizing financial certainty over convenience.

Strategy: Negotiate a longer closing period or rent-back agreement with your buyer, giving you time to find and close on your next home.

Option 2: Buy First, Then Sell

How it works: Purchase your new home before listing your current one.

 

Pros:

✅ Move directly into new home (one move)
✅ No rush to find new home
✅ Can prepare current home for sale while vacant (shows better)

 

Cons:

❌ Carrying two mortgages temporarily
❌ Need funds for down payment without selling first
❌ Financial pressure if current home takes time to sell

 

Best for: Buyers with significant savings, equity access (HELOC), or ability to qualify for two mortgages.

Option 3: Simultaneous Closing (The Sweet Spot)

How it works: Coordinate both transactions to close on the same day or within days of each other.

 

Pros:

✅ One move
✅ No temporary housing
✅ No double mortgage payments
✅ Use sale proceeds directly for purchase

 

Cons:

❌ Requires precise coordination
❌ If one transaction delays, both are affected
❌ Can be stressful without experienced agent

 

Best for: Most move-up buyers who want efficiency without financial risk.

 

This is where experienced representation matters most. Coordinating two transactions, multiple agents, two title companies, and aligned timelines requires expertise. With roughly 1,000 transactions, Tami has successfully navigated countless simultaneous closings.

Option 4: Home Sale Contingency

How it works: Make an offer on your new home contingent on selling your current home.

 

Pros:

✅ Protects you from owning two homes
✅ Don't have to sell before finding new home


Cons:

❌ Weakens your offer significantly
❌ Sellers may reject or choose non-contingent buyers
❌ Less competitive in multiple-offer situations


Best for: Slower markets where sellers have fewer options, or unique properties with limited buyer pools.

Option 5: Bridge Loan

How it works: Short-term loan that "bridges" the gap between buying your new home and selling your current one.

 

Pros:

✅ Access down payment funds before selling
✅ Make non-contingent offers
✅ Move on your timeline


Cons:

❌ Additional loan costs and fees
❌ Higher interest rates than traditional mortgages
❌ Must qualify for bridge loan plus new mortgage


Best for: Buyers with strong income/credit who need flexibility and can absorb additional costs.

 

We can connect you with lenders offering bridge loan products if this strategy fits your situation.

Leveraging Your Current Home's Equity

Understanding Your Equity Position


Your equity = Current market value - Remaining mortgage balance

 

Example:

◾Home value: $400,000
◾Mortgage balance: $250,000
◾Equity: $150,000


After selling costs (typically 6-8%), your net proceeds might be approximately $120,000-$130,000 available for your next down payment.

 

Getting Accurate Numbers


Before making any decisions, you need to know:

◾What your current home is worth (we'll provide a detailed market analysis)
◾Your remaining mortgage payoff (contact your lender)
◾Estimated selling costs (we'll calculate this for you)
◾Your net proceeds (what you'll actually walk away with)

 

This determines your budget for your next home.

What Move-Up Buyers Should Look For

Think Long-Term


You've done this before—you know what works and what doesn't. This time, think about:

▪️Space & Layout

▪️Room for family growth (or aging parents)
▪️Home office or flex space
▪️Storage needs
▪️Indoor/outdoor living balance

 

Location Factors

▪️School districts (current and future needs)
▪️Commute changes
▪️Neighborhood amenities
▪️Community feel

 

Future Resale

▪️Will this home appeal to future buyers?
▪️Neighborhood trajectory (improving, stable, declining?)
▪️Avoiding over-improvement for the area

 

Lifestyle Upgrades

▪️Pool, outdoor kitchen, larger yard?
▪️Updated finishes vs. renovation project?
▪️Single-story vs. two-story as you age?

 

Common Move-Up Buyer Mistakes

❌ Not Getting Pre-Approved Early
Even if you own a home, lenders need to evaluate your qualification for the next purchase—especially if you'll temporarily carry two mortgages.

 

❌ Overestimating Current Home Value
Emotional attachment inflates perceived value. Get an objective market analysis before planning your budget.

 

❌ Underestimating Selling Costs
Commission, title fees, repairs, and closing costs add up. Plan for 6-8% of sale price.

 

❌ Waiting for "Perfect" Timing
Perfect timing rarely exists. Markets shift, life happens. Focus on strategy, not perfection.

 

❌ Not Preparing Current Home for Sale
Your home needs to show well to sell quickly and for top dollar. Start decluttering and repairs early.

 

❌ Using Different Agents for Buying and Selling
One agent coordinating both transactions ensures aligned timelines, unified strategy, and seamless communication.

Why Use One Agent for Both Transactions?

Coordination Advantage


When Tami represents you on both the sale AND purchase:

✅ Aligned timelines - We control both sides and can coordinate closing dates
✅ Unified strategy - Pricing, timing, and negotiations work together
✅ Single point of contact - No miscommunication between agents
✅ Priority attention - Your move-up is managed as one cohesive transaction
✅ Problem-solving - If one transaction hits a snag, we adjust both accordingly

 

San Antonio Move-Up Neighborhoods

Popular Upgrade Areas:
▪️Stone Oak - Top-rated schools, established community, wide price range from $400K-$1M+

 

▪️Alamo Ranch - Family-friendly master-planned community, newer homes, great amenities

 

▪️Shavano Park - Prestigious enclave, mature trees, larger lots, highly sought-after

 

▪️Cibolo Canyons - Luxury gated community, resort-style amenities, golf course access

 

▪️Kinder Ranch - Newer master-planned community, top-rated Comal ISD schools, family-focused

 

▪️Boerne - Hill Country charm, excellent schools, more space and land

 

▪️Helotes - Semi-rural feel, good schools, larger lots, growing community

 

▪️Fair Oaks Ranch - Upscale, low-density, Hill Country setting, premium homes

 

▪️Cibolo/Schertz - Growing communities, new construction options, family-oriented

 

▪️The Dominion/Sonterra - Luxury options for significant upgrades

 

 

Move-Up Buyer Timeline

3-6 Months Before You Want to Move:
✅ Get pre-approved for new mortgage
✅ Request market analysis of current home
✅ Calculate equity and net proceeds
✅ Define criteria for new home
✅ Start browsing listings (no pressure yet)
✅ Begin decluttering and minor repairs on current home

 

2-3 Months Before:
✅ Finalize new home criteria
✅ Determine buy/sell strategy with your agent
✅ Begin active home search
✅ Prepare current home for market

 

1-2 Months Before:
✅ List current home (if selling first) or make offer on new home (if buying first)
✅ Coordinate timelines between transactions
✅ Manage inspections, appraisals, and negotiations on both sides

 

Closing Month:
✅ Final walkthroughs on both properties
✅ Coordinate moving logistics
✅ Close on both transactions
✅ Move into your new home!

 

Frequently Asked Questions

Q. Should I sell my current home before buying my next one?
A. It depends on your financial situation and risk tolerance. Selling first gives you certainty about your down payment but may require temporary housing. Buying first avoids that but means potentially carrying two mortgages. Many move-up buyers coordinate simultaneous closings for the best of both worlds.

 

Q. How do I know how much home I can afford when I haven't sold yet?
A. We'll provide a market analysis of your current home and calculate your estimated net proceeds. Combined with mortgage pre-approval, you'll know your realistic budget for your next purchase before making any commitments.

 

Q.Can I make an offer contingent on selling my home?
A. Yes, but contingent offers are weaker and may be rejected in favor of non-contingent buyers. In competitive situations, consider alternatives like bridge loans or selling first to make stronger offers.

 

Q. What if my current home doesn't sell as quickly as expected?
A. This is why strategy matters. We'll price your home competitively, market aggressively, and build contingency plans into your timeline. If needed, we can adjust the purchase timeline or explore bridge financing.

 

Q. Why should I use the same agent for selling and buying?
One agent coordinating both transactions ensures aligned timelines, unified strategy, and seamless communication.

A. When issues arise on one side, we can adjust both transactions accordingly—something that's difficult when different agents are involved.

 

Q. What San Antonio neighborhoods are popular for move-up buyers?
A. Popular move-up areas include Stone Oak, Alamo Ranch, Shavano Park, Cibolo Canyons, Kinder Ranch, Boerne, Helotes, Fair Oaks Ranch, and Cibolo/Schertz

 

REVIEWS

Mike

Tami Price does it all! I’ve never bought a home before and there’s no way I could’ve done it without her! I bought a home in Schertz, TX! From day one to closing she was very reliable and made me feel comfortable asking all of my questions (I ask a lot of questions). Tami had no problem explaining everything to me in detail and step by step all along the way! Tami understands that not everyone, especially a first-time homebuyer, can speak or understand the language involved in purchasing an home. Tami essentially educated me every step of the way! Even after closing she has continued to be a friend and an educator for me in this new chapter of homeownership! If you’re looking for the best, you’re looking for Tami Price!

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Tami Price does it all! I’ve never bought a home before and there’s no way I could’ve done it without her! I bought a home in Schertz, TX! From day one to closing she was very reliable and made me feel comfortable asking all of my questions (I ask a lot of questions). Tami had no problem explaining everything to me in detail and step by step all along the way! Tami understands that not everyone, especially a first-time homebuyer, can speak or understand the language involved in purchasing an home. Tami essentially educated me every step of the way! Even after closing she has continued to be a friend and an educator for me in this new chapter of homeownership! If you’re looking for the best, you’re looking for Tami Price!

Jose Rodriguez

I have now been acquainted with Tami for almost a decade. I first met her as a client of mine in a former career. Throughout the entire time of knowing her I always found her to be extremely professional and courteous, and always focused on serving her clients in her real estate business. Since then I have moved on to a new endeavor where we have maintained a good friendship and now referral business. Based on my personal experience with her clients through Real Estate, I can personally say that choosing to use Tami Price as your real estate agent would be one of the best decisions that you could make. I and many others highly recommend Tami Price. Do yourself a favor and call Tami whether or not you think you’re ready for ownership. She is dedicated to guiding you through the process, not just selling you a house.
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