Have your agent send you out listings that meet your criteria so you can get a feel for the market. And, more importantly, get under contract and closed sales information, too. This way when you are ready to buy you will be ahead of the game knowing values, days on market, etc.
Don't actually start looking at homes until you have a contract on yours.
It doesn't hurt to look. If you find something you like, maybe you could make an offer with a home sale contingency. That is if the seller would accept that. You never know.
If you can qualify for a loan without selling your home that is also an option. But if not, you can still look but know that you need to be able to coordinate the buy with the sale once you have an offer on your house. And the buyer is solid and the transaction is moving successfully. Hopefully you have an experienced agent that can help you with both.
Best of Luck to you.
You can "window shop" for now. But don't get your heart set on anything. Just be researching price, amenities, locations, etc. You can't get really serious until you have a contract on your home and all home inspection items are settled. The danger of looking now is finding something really good. You won't be able to buy it and it might get you so motivated to sell that you take 1) a low price, or 2) a bad buyer (small down payment, or someone who also has something under contract).
So the best thing to do is just sit tight until you are not only in contract, but past all home inspection issues.
Eric Pearl, Manager
Prudential New Jersey Properties