HomeLight

NOVEMBER 29, 2023

Navigating the real estate market in Idaho can often feel like a high-stakes balancing act, especially when you’re caught between selling your old home and securing your new dream house. This challenge becomes even more daunting in a market where inventory is scarce and prices are soaring.

Equity 99

Equity Loans Home sale contingency Debt-to-income ratio 99

HomeLight

DECEMBER 13, 2023

This can be especially tough as the San Diego market is plagued by notoriously low inventory and high prices. You might think your only choice is to sell your current home, find a temporary place to live, and search for your new house. But there’s an alternative you probably haven’t considered — a bridge loan.

Equity 114

Equity Loans Debt-to-income ratio Home sale contingency 114

HomeLight

DECEMBER 8, 2023

Dealing with the real estate market in Los Angeles can feel impossible, especially when selling your current home while purchasing a new one. It’s an incredibly common scenario, and you might think your only option is to sell your home, temporarily relocate, and then wade through L.A.’s What is a bridge loan, in simple words?

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

NOVEMBER 30, 2023

Selling your home in Missouri and buying a new one often involves a tricky dance of timing and finances. This becomes particularly challenging in a market where homes are scarce, and prices are high. Enter the bridge loan. You can then make a strong offer on your next home with no home sale contingency.

Equity 108

Equity Loans Debt-to-income ratio Home sale contingency 108

HomeLight

NOVEMBER 17, 2023

This challenge intensifies in a market with low inventory and high prices, a common scenario for many Illinois homeowners. You might find yourself contemplating the daunting prospect of selling your home, moving to a temporary location, and then hunting for a new house. What is a residential bridge loan?

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

NOVEMBER 30, 2023

Buying and selling homes in Maine often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. As a homeowner, you might feel cornered into selling your current home before you can afford to buy a new one, leading to the hassle of finding temporary housing in the interim.

Equity 106

Equity Loans Debt-to-income ratio Home sale contingency 106

HomeLight

DECEMBER 14, 2023

You might think your only choice is to sell your home, move out, and then scramble to find a new one, but there’s an alternative you likely haven’t considered — a bridge loan. A bridge loan is a short-term financing option that allows you to buy a new home before selling your current one.

Equity 106

Equity Loans Debt-to-income ratio Home sale contingency 106

HomeLight

NOVEMBER 21, 2023

Navigating the real estate market in Pennsylvania, especially when you’re trying to coordinate the sale of your current home with the purchase of a new one, can be a challenging balancing act. Enter the bridge loan, a potential lifeline in this complex process. What is a residential bridge loan?

Equity 106

Equity Loans Debt-to-income ratio Home sale contingency 106

HomeLight

DECEMBER 5, 2023

That’s where a bridge loan in Connecticut can be your saving grace. A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. You can then make a strong offer on your next home with no home sale contingency.

Equity 103

Equity Debt-to-income ratio Loans Home sale contingency 103

HomeLight

DECEMBER 4, 2023

Selling your old home while buying a new one in North Carolina often presents a tricky balance of timing and funds. In a market where inventory is low and prices are high, synchronizing the sale of your current home with purchasing a new one adds an extra layer of complexity. What is a bridge loan, in simple words?

Equity 106

Equity Loans Debt-to-income ratio Home sale contingency 106

HomeLight

NOVEMBER 29, 2023

Selling your old home while simultaneously buying a new one in Indiana can often feel like a delicate balancing act. In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. What is a bridge loan, in simple words?

Equity 108

Equity Loans Debt-to-income ratio Home sale contingency 108

HomeLight

NOVEMBER 30, 2023

Selling your old home while simultaneously buying a new one in Iowa can often feel like a delicate balancing act. In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. What is a bridge loan, in simple words?

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

DECEMBER 7, 2023

Selling your old home while buying a new one in Seattle can be a challenging balancing act, especially regarding timing and finances. This can be even more difficult in a market where inventory is scarce and home prices are rising. You can then make a strong offer on your next home with no home sale contingency.

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

NOVEMBER 30, 2023

Selling your old home and buying a new one in New Jersey often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. However, there’s a solution that could help align these moving parts more seamlessly: a bridge loan. What is a bridge loan, in simple words?

Equity 108

Equity Loans Debt-to-income ratio Home sale contingency 108

HomeLight

NOVEMBER 29, 2023

Navigating the real estate market in Hawaii can often feel like a high-stakes balancing act, especially when you’re trying to sell your old home while buying a new one. This challenge becomes even more daunting in a market where inventory is scarce, and prices are soaring. What is a bridge loan, in simple words?

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101

HomeLight

NOVEMBER 17, 2023

Navigating the real estate market in Maryland can feel like a high-stakes balancing act, especially when trying to sell your old home and simultaneously secure your new dream house. The challenge becomes even more daunting in a market characterized by low inventory and soaring prices. What is a bridge loan, in simple words?

Equity 108

Equity Loans Debt-to-income ratio Home sale contingency 108

HomeLight

NOVEMBER 6, 2023

If you’re in the midst of selling your Massachusetts home and on the hunt for your next dream property, you know that synchronizing both deals can be a nerve-wracking puzzle. Especially in a market where inventory is scarce and home prices are high, the balancing act can seem daunting. What is a bridge loan?

Equity 106

Equity Loans Debt-to-income ratio Home sale contingency 106

HomeLight

NOVEMBER 29, 2023

Selling your old home while buying a new one in Wisconsin can often feel like a delicate balancing act. In a market with limited inventory and high prices, aligning the timing and finances for both transactions becomes a significant challenge. However, a strategic alternative could smoothly bridge this gap: a bridge loan.

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101

HomeLight

NOVEMBER 17, 2023

The balancing act becomes even more intricate when faced with low inventory and high prices in today’s real estate market. You might find yourself in a predicament where it seems the only option is to sell your home, move out, and temporarily relocate while you hunt for your new dream house. What is a bridge loan?

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

DECEMBER 6, 2023

Are you a homeowner in Chicago grappling with the challenge of selling your old home while eyeing your next dream house? Transitioning from one home to another often involves a delicate balance of timing and finances, especially in a market where inventory is scarce and prices are soaring. You’re not alone.

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

DECEMBER 6, 2023

Stepping into the real estate market in Houston can feel like a high-wire act, especially when trying to balance selling your current home with purchasing a new one. This balance of timing and funds becomes even more challenging in a market where inventory is scarce, and prices are sky-high.

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

HomeLight

NOVEMBER 29, 2023

Selling your old home and buying a new one in New York often involves a tricky balance of timing and funds. This balancing act becomes even more challenging in a market with low inventory and high prices. You might think your only option is to sell your current home, find a temporary place to live, and search for your new dream house.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 29, 2023

Balancing the sale of your old home with purchasing a new one in Washington state can be tricky, especially in a market where homes are scarce and prices are high. You might feel cornered into selling first and then facing the hassle of finding a temporary place to stay while you search for your next home.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

NOVEMBER 30, 2023

Navigating the real estate market in Nevada can be a challenging journey, especially when you’re trying to sell your old home and buy a new one simultaneously. This balancing act of timing and funds becomes even more daunting in a market where inventory is low and prices are high. What is a bridge loan?

Equity 106

Equity Loans Debt-to-income ratio Home sale contingency 106

HomeLight

NOVEMBER 15, 2023

Navigating the journey of selling your old home while securing your new dream house in Arkansas can be a complex dance of timing and financial coordination. Especially in today’s market, where low inventory meets high prices, achieving this balance often feels daunting. What is a bridge loan, in simple words?

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

HomeLight

NOVEMBER 29, 2023

Navigating the complexities of selling your old home while purchasing a new one in Michigan can often feel like a high-stakes balancing act. Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging.

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

NOVEMBER 7, 2023

The balance of timing and funds becomes even more precarious when faced with a competitive housing market where inventory is scarce and prices seem to keep climbing. For many, it feels like the only path is to sell, move into a temporary place, and then hunt for a new home — a process that is both costly and stressful.

Equity 108

Equity Loans Debt-to-income ratio Home sale contingency 108

HomeLight

NOVEMBER 21, 2023

Navigating the real estate market in Minnesota can feel like a high-wire act, especially when you’re juggling the sale of your current home with the purchase of a new one. But what if there’s a smoother path to transition from your old home to your new one? What is a residential bridge loan?

Equity 108

Equity Loans Debt-to-income ratio Staging 108

HomeLight

SEPTEMBER 27, 2023

If you need assistance navigating the use of a bridge loan in Colorado, HomeLight encourages you to reach out to your own advisor. If you are selling your home in Colorado but also looking to purchase a new one, the timing of both transactions can feel impossible to plan perfectly. Learn More What is a bridge loan, in simple words?

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

NOVEMBER 21, 2023

Navigating the real estate market in Oregon can often feel like a high-stakes balancing act, especially when you’re caught in the dilemma of selling your current home while eyeing your next dream house. You might think your only option is to sell, vacate, and temporarily relocate while you search for a new home.

Equity 83

Equity Loans Debt-to-income ratio Home sale contingency 83

Housing Wire

FEBRUARY 14, 2024

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. When, and if, contingent offers are accepted, they can result in paying as much as 11% more for the home relative to a cash offer.

Backup offer 387

Backup offer Loan Officer Home sale contingency Branding 387

HomeLight

SEPTEMBER 25, 2023

If you need assistance navigating the use of a bridge loan in Texas, HomeLight encourages you to reach out to your own advisor. Explore a bridge loan and let your home’s equity help fund your next house in the short term. Explore a bridge loan and let your home’s equity help fund your next house in the short term.

Equity 93

Equity Loans Debt-to-income ratio Home sale contingency 93

HomeLight

MARCH 31, 2023

DISCLAIMER: As a friendly reminder, this post is meant to answer questions about bridge loans in California and is intended for educational purposes, not financial advice. If you need assistance navigating the use of a bridge loan in California, HomeLight always encourages you to reach out to your own advisor.

Equity 90

Equity Loans Debt-to-income ratio Finance 90

HomeLight

DECEMBER 30, 2023

Can you make an offer on a home that’s under contract? What buyer contingencies might put a listing back on the market? What home contingency missteps should you avoid when making an offer? You wonder, what’s the difference between under contract versus pending?

Home sale contingency 110

Home sale contingency Purchase and sale agreement Inspection contingency Inspection 110

HomeLight

MARCH 31, 2023

DISCLAIMER: As a friendly reminder, this post is meant to answer the question, “What is a bridge loan?” If you need assistance navigating the use of a bridge loan, HomeLight always encourages you to reach out to your own advisor. Get Started What is a bridge loan, in simple words?

Loans 81

Loans Debt-to-income ratio Equity Finance 81

HomeLight

FEBRUARY 16, 2024

Most Americans need the equity and sale proceeds from their current home in order to buy a new home. But you also want to start shopping for a home so you have a place to live when your house sells. Herein lies the buy-sell predicament: Can you put an offer on a house before selling your current home?

Home sale contingency 107

Home sale contingency Equity Finance Sales 107

HomeLight

JANUARY 19, 2024

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Earnest money deposit 105

Earnest money deposit Purchase and sale agreement Mortgages Home sale contingency 105