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No seller wants a subject to sale these days.
Refinance your current property or get a home equity line of credit. Once you have a sufficient down payment after your line of credit is secure, start making offers with as long of a close as you can (90 days). Once you have an accepted offer on your next property, secure financing using a down payment from your refinanced mortgage or your new line of credit. Then, put your property immediately on the market. If you're lucky, you can line up the closing date for the sale of your home prior to your closing date for the property you purchased, so you can use the proceeds of your sale to fund your new mortgage. If you can't line up the dates, you can at least carry two mortgages temporarily and get the keys to the new home without bridge financing.
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