HomeLight
JANUARY 4, 2022
Fifty-seven percent of agents have seen buyers leverage their own retirement or securities funds, 49% have seen buyers take out a home equity loan or home equity line of credit, and 38% have seen buyers receive short-term loans from family members in order to buy a house with cash. Buyers who re-invested their equity.
HomeLight
SEPTEMBER 23, 2021
. “So we do a lot of contingencies , rent-backs, and long escrows to try to make two transactions happen at the same time.” ” A rent-back is when you sell your home but continue living in it as a rental (paying rent to the buyer) for a designated period of time.
HomeLight
JANUARY 28, 2022
Selling your home for cash to a “we buy houses” operation is tempting for a good reason. There are times in life when you need cash in your bank account, not in a home’s equity. Home sale contingency : The buyer’s existing home has to sell before they will purchase the home.
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