Remove Debt-to-income ratio Remove Equity Remove Rent back Remove Sales
article thumbnail

Selling and Buying a House at the Same Time: How You Can Make it Work

HomeLight

In a perfect world, you can put your current house on the market, sell quickly to get your equity out of your home to use for a down payment, and find your next dream home just as quickly. According to information collected by CoreLogic, a property data provider, homeowners averaged an equity gain of more than $56,000 in 2021.

Equity 114
article thumbnail

How to Buy a House While Selling Your Own: 10 Options to Consider

HomeLight

So, instead of stressing your way through two sales, you can set yourself up for success and have your bags packed for your new home in no time. They’ll also introduce you to options, such as a bridge loan or home equity line of credit, to assist in your sale if needed. List your house for sale.

Equity 103
article thumbnail

Should I Sell My Current House Before I Buy a New One?

HomeLight

Our Home Value Estimator tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Financing is simple: You can use the cash from your sale as a sizeable down payment. Transition via rent back. Get Estimate.