Remove Backup offer Remove Banks Remove Closing costs Remove Equity
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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. HW: How has the proptech space evolved in the last 5-10 years?

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Active Pending Short Sales: What Are They, And Can You Still Make an Offer?

HomeLight

Normally, when someone puts their house up for sale, they have some equity in the property and will walk away with money in their pocket after closing. Instead, they have to get the bank to agree to forgive the difference between what they owe on the house and the agreed-upon sales price.