The buying process really depends on you, the seller, the lender and the closing attorney or title company. When you present an offer to purchase, your offer will include the date that you would like to close and take possession of the property. The seller must be agreeable, based on their current set of circumstances. Your lender must be able to complete the loan package, forward the docs to the closing attorney or title company (depending on your location) and they must be ready for that date. I have seen transactions close in as little as 7 days or as far out as 45 to 60 days. And of course, in your situation, it must coincide with the closing on the home you are selling.
Your REALTOR has given you good advice on waiting to get your home under contract, prior to buying a new home.
Good luck to you,
Providing you have good credit ( Scores above 680) and you are putting down at least 5-10% the process should only take about 30-50 days. A big factor in your case is to get your home sold and closed so you are able to move forward with the purchase and close of your new home.
It depends. There is first the negotiation period that can last from 2 days to several days then once there is an acceptance the escrow period starts and that in general is a 30 day period but it also can vary. If during this period you found a house you are interested in then you can make an offer with a "contingency upon a sale" and that way be covered in case the house you are selling falls out of escrow.