How to buy before you sell
How to Purchase Your Next Home Before Selling Your Current One
In today’s real estate landscape, more homeowners are choosing to buy their next home before selling their current one. This strategy offers several benefits that can make the transition between properties smoother and less stressful. My favorite program that allows for this is Homelight’s Buy Before You Sell Program.
Advantages of Buying Before Selling
Accessing Equity with Ease: A significant advantage of this approach is the ability to tap into the equity of your current home to finance the purchase of your new one. Programs like this offer a smooth financial transition by reducing the need for immediate cash.
Making a Stronger Offer: By not having to rely on a home sale contingency, you can present a more attractive offer on your dream home. Being able to position yourself as a strong buyer is crucial when competing in a multiple offer situation or homes that are fresh on the market.
Selling with Confidence: Selling your home vacant can be much simpler. Vacant homes often attract higher offers and can be marketed more effectively, as noted in CAR’s guide on navigating the buy-before-sell process in California. You also won’t have to deal with keeping your house showing ready while living in it!
An overview of HomeLight’s Buy Before You Sell Program
Unlocking Equity: The first step is to evaluate your current property to determine how much equity can be used toward your next purchase.
Buying with Confidence: With equity backing your offer, you can confidently submit a firm, contingency-free offer on your new home.
Selling with Assurance: Once you close, you would move into your new home. Then, we’d list your current property vacant and staged to attract the best possible offers.
Ready to make your move? Get started today: Corrine Wiens, HomeLight Agent.