Remove Equity Remove Home sale contingency Remove Mortgages Remove Sales
article thumbnail

How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

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.

article thumbnail

Bridge Loans in Washington, D.C.: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Bridge loans allow you to purchase a new home before selling your current residence, alleviating pressure and uncertainty while unlocking the equity in your current home. You can then make a strong offer on your next home with no home sale contingency.

Equity 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bridge Loans in San Diego: How to Unlock Home Equity to Buy Before You Sell

HomeLight

This allows you to utilize the equity from your existing property and streamline the transition into your new home without needing temporary housing. You can then make a strong offer on your next home with no home sale contingency. What is a bridge loan, in simple words?

Equity 111
article thumbnail

Bridge Loans in Atlanta: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Selling your Atlanta home while looking to purchase a new one can be tricky. Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. You can then make a strong offer on your next home with no home sale contingency.

Equity 101
article thumbnail

Bridge Loans in Dallas: How to Unlock Home Equity to Buy Before You Sell

HomeLight

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.

Equity 98
article thumbnail

Bridge Loans in Miami: How to Unlock Home Equity to Buy Before You Sell

HomeLight

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.

Equity 107
article thumbnail

Bridge Loans in Austin: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Managing the sale of your Austin home while trying to purchase a new one can be difficult. With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. You can then make a strong offer on your next home with no home sale contingency.

Equity 98