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Buying a home is difficult, but try selling your home and buying another at the same time. On a level of difficulty, this is the gymnastics balance beam of homeownership.

There are about 86 million homeowners in America. If you鈥檙e one of them, and you need to move, there鈥檚 a reasonable chance you鈥檒l find yourself facing this challenge. Thing is: If you聽sell before you buy, the clock will be ticking on finding your next home. But if you buy before you sell, you could get stuck paying two mortgages.

Or, you might have to live in a buddy鈥檚 pool house for a while.

Work your social network for temporary quarters

In 1998, Mark Rust and his wife began building a new house and listed their existing home. About six months before construction was complete, the Rusts got an offer on their old house. However, the buyers wanted to move in right away.

Rust sent out a mass email to everyone he knew in the area, looking for a short-term rental.

鈥淥ne of my oldest friends from high school offered to rent his pool house,鈥� Rust tells NerdWallet. 鈥淚t was a small, one-bedroom loft place, but had a kitchen and bathroom. We agreed on a rent, put our house contents into storage and moved right in. It was perfect because there was no lease, so we could stay as long as needed, and move out as soon as our new house was ready.鈥�

Plus the couple enjoyed the refreshing smell of chlorine in the morning.

Contingent offers: Not very many pros

Some people in this situation will put a contingent offer on a house 鈥� the purchase depends on selling your current home. But that can make an offer less attractive.

鈥淭o be honest, contingency offers are less desirable,鈥� says Sissy Lappin, co-founder of ListingDoor.com. 鈥淚 frequently tell my sellers to pass up contingency offers because of the uncertainty involved.鈥�

Instead, Lappin suggests putting your house up for sale first. Once you鈥檝e negotiated and accepted an offer on your current house, then you can get serious about finding and聽buying a new home.

鈥淚t鈥檚 important to note that simply having your home on the market isn鈥檛 enough to signify that you鈥檙e ready to make an offer on another home,鈥� Lappin says. 鈥淥nce you know that your buyer will actually buy your home, you can put a good offer in on a new one and really bargain from a position of strength.鈥�

A bridge loan or HELOC can get you from one house to the next

Rather than trying to swing a simultaneous buy-sell scenario, you might opt for a bridge loan, which allows you to tap the equity in your current home. With this short-term financing, you can聽buy a new home聽before you sell your house. You鈥檙e essentially financing two homes at once, temporarily. Once you sell your current home and receive the proceeds, you pay off the temporary bridge loan.

However, few lenders offer bridge loans. An alternative is to tap into a聽home equity line of credit聽that you鈥檝e opened previously. Either way, you鈥檒l need pristine credit and plenty of equity in your current home.

Twice the adventure

Glenn S. Phillips, CEO of Lake Homes Realty in Pelham, Alabama, says buying and selling homes at the same time is 鈥渢wice the adventure, and each situation has unique challenges.鈥� He offers these tips:

1. Use experienced, efficient real estate agents. Not your friends, but agents who will be proactive in the process.
2. Be aware of the market. Typically when it is easier to sell, it is hard to buy. And vice versa. Know which market you鈥檙e in, then work on the hardest part first.
3. Prepare as much as possible in advance. Your time will be limited, so have most of your possessions ready to move. If your current home needs repairs, get them done so this doesn鈥檛 hold up the sale.
4. Don鈥檛 get stuck on little things. Keep the big picture in mind 鈥� you want a sale and a purchase at or near the same time. This means that some things you might fixate on if only buying, or only selling, will need to take a back seat.

Renting your just-sold home from the new owners, called a rent back, is another short-term solution to the sell-buy conundrum.

Like a balance beam routine, selling a house while buying another is something you just can鈥檛 rush.

Hal Bundrick is a staff writer at NerdWallet, a personal finance website. Email:聽hal@nerdwallet.com. Twitter:聽@halmbundrick

This article was written by NerdWallet and was originally published byUSA Today.