Unlike the experience of buying a first home, when you're looking to move up, and already own a home, there are certain factors that can complicate the situation. It's very important for you to understand these issues before you list your home for sale.

Not only is there the issue of financing to consider, but you also have to sell your present home at exactly the right time in order to avoid either the financial burden of owning two homes or, just as bad, the dilemma of having no place to live during the gap between closings.

There are five common mistakes homeowners make when moving to a larger home. Make informed choices before you put your current home on the market by learning strategies to avoid them.

Trade-Up Success Strategy #3: Sell First

Plan to sell before you buy. This way you will not find yourself at a disadvantage at the offer table, feeling pressured to accept an offer that is below market value because you have to meet a purchase deadline. If you've already sold your home, you can buy your next one with no strings attached.