Congratulations! You're gone from a first time buyer to being a proud home owner. But what happens when you're ready to move up? The process of finding a home might be a little easier with experience, but there are certain factors that can complicate the situation of simultaneously buying and selling. 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. It's imperative that you make informed choices before you put your home on the market in anticipation of moving to a larger home.

Our special report, "6 Mistakes to Avoid When Moving Up to a Larger Home," is absolutely free.