HomeLight

OCTOBER 28, 2024

Do you have profit-level home equity? Selling your home at a profit starts with knowing your current equity. This is directly connected to what you’ll walk away with after covering your mortgage balance and other obligations tied to your home, including selling costs. Can you afford the cost of moving?

Pre-approval

HomeLight

JULY 24, 2025

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. It taps into the equity you’ve built in your existing property, giving you fast access to cash for a down payment or closing costs on your next purchase.

Equity

HomeLight

JULY 24, 2025

You need the equity from your existing property to fund the next purchase, but pulling that off without disruption to your daily life isn’t easy. 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 want to avoid a double move or temporary housing.

Equity

HomeLight

JULY 24, 2025

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. It taps into the equity you’ve built in your existing property, giving you fast access to cash for a down payment or closing costs on your next purchase.

Equity

Redfin

JANUARY 10, 2025

Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions. Home equity Home equity is a term that measures the value of a home to its owner after all debts and liabilities (like a mortgage ) have been paid.

Seller concession

The Close

NOVEMBER 25, 2024

This is considered the early stages of a home going into foreclosure. During this stage, the lender sends a Notice of Default to the homeowner, letting them know that legal action is being taken toward foreclosure. These costs usually include transfer taxes, title insurance, lender fees, and property taxes.

Hard money loan

HomeLight

MARCH 24, 2025

Who pays closing costs in a short sale? You must be underwater on your mortgage in order to qualify for a short sale, which means that you have negative equity. When youve reached the foreclosure stage, the bank has taken the house from you because youve defaulted on your mortgage. They arent the same, though.

Short sale

Redfin

JULY 10, 2025

Beyond taxes: Other financial factors to consider Even if you meet the IRS timeline, you’ll want to make sure you’re financially prepared for the other costs and risks that come with an early sale. Have you built enough equity? Here are some common costs to budget for: Real estate agent commission : Typically 5%–6% of your sale price.

Equity

Redfin

JULY 31, 2025

State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help. Fannie Mae’s HomePath Ready Buyer Program : This offers up to 3% in closing cost assistance when purchasing a HomePath property and completing a homeownership course. Also keep an eye on equity potential.

Purchase and sale agreement

Redfin

MARCH 4, 2025

In this Redfin article, well review the real estate forms you should get ready at each stage in the process of selling your home. These could also include any home equity loans or lines of credit you may have with your lender. Particularly youll need the original purchase agreement and deed. Deed Youll need the deed to your house.

Purchase and sale agreement

Redfin

JUNE 9, 2025

This protects both buyers and lenders —buyers avoid overpaying and starting with negative equity, while lenders ensure the home is valuable enough to back the loan. Cleanliness and staging don’t officially impact value, but a well-kept home can leave a better impression. Lenders won’t finance more than a home is worth.

Purchase and sale agreement

The Close

MARCH 11, 2025

This process involves multiple stages, starting with identifying an FSBO listing to securing appropriate financing and completing the closing procedures. Investment property lines of credit: Dependent on an investors property equity, this credit line is suitable for property acquisition or rehabilitation.

Sales

Redfin

JUNE 10, 2025

Offer seller concessions or financing: Instead of reducing the core price, you might offer seller credits toward the buyer’s closing costs. This includes comprehensive home preparation, ensuring repairs are done, effective staging, and maximized curb appeal. This is beneficial for the buyer as it provides immediate equity.

Purchase and sale agreement

Redfin

MARCH 4, 2025

These properties are often priced below market value, making them attractive to buyers looking for a good deal or hoping to build equity quickly. Preforeclosures A preforeclosure is a home that is in the beginning stages of foreclosure. Buying a foreclosed home can be an appealing option for several reasons.

Pre-approval

HomeLight

MAY 8, 2025

According to Matt Lamontagne , as is sellers are usually people who do not have the financial means to make improvements, usually because their money is tied up in their home’s equity. These companies can help sellers cash out quickly, and many will cover a sellers closing costs.

As-is

Housing Wire

NOVEMBER 27, 2024

During the Great Recession, I had the opportunity and duty to work with thousands of families that had aspired to homeownership, but found themselves in varying stages of the default process. Saving for the down payment and closing costs takes time, sacrifice and determination. They are now a homeowner.

Equity

HomeLight

MARCH 19, 2025

Now, people have so much equity in their home, they’re willing to forego some of it in order to have that simple sale. A few years before, there wasnt nearly the same amount of equity, so people were more concerned with doing everything they could to increase the value, he says.

As-is

Housing Wire

AUGUST 23, 2024

Michiels: So, at this stage, every real estate agent knows. We move forward, we buy a home and the seller is offering 1% toward commission at that stage. They have the money for the down payment, but they don’t have a lot of extra money for extra closing costs, aka commission, right now.

FHA loan

Housing Wire

JULY 19, 2021

According to Black Knight , 96% of homeowners have at least 10% equity – meaning they may be able to pay off their loan, closing costs, and agent commissions without paying out of pocket or a short payoff. JC: There is no question that servicer capacity is a big issue.

MLS

Housing Wire

FEBRUARY 14, 2024

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?

Backup offer

HomeLight

AUGUST 20, 2021

If you’re selling a home in Connecticut, you should familiarize yourself with closing costs that sellers pay to finalize the transaction. The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. Connecticut sellers can count on these costs. Source: (Roger Starnes Sr / Unsplash).

Closing costs

HomeLight

SEPTEMBER 16, 2024

As a result, you might be sitting on a significant amount of home equity, and you’re not alone — U.S. homeowners collectively hold around $32 trillion in equity. If you’re planning to make home improvements, consolidate debt, or cover other expenses, you may be wondering, “How do I get a home equity loan?”

Equity

HomeLight

DECEMBER 13, 2023

This allows you to utilize the equity from your existing property and streamline the transition into your new home without needing temporary housing. To bridge this income gap, you can leverage the equity from your existing home for the down payment and closing costs on your new property.

Equity

HomeLight

DECEMBER 13, 2023

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. Only one move is required to avoid the hassle and cost of temporary housing. What is a bridge loan, in simple words?

Equity

HomeLight

DECEMBER 29, 2023

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. Bridge loans rely on equity in your current home. When is a bridge loan a good solution?

Equity

HomeLight

DECEMBER 15, 2023

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. This is where a bridge loan comes into play.

Equity

HomeLight

DECEMBER 8, 2023

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. Think of it as a temporary loan that taps into the equity of your existing home. When is a bridge loan a good solution?

Equity

HomeLight

DECEMBER 15, 2023

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. Imagine you’ve found your dream home, but your funds are tied up in your existing home’s equity.

Equity

HomeLight

DECEMBER 7, 2023

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. It leverages the equity in your existing home, providing the money required for the down payment and closing costs for your dream home.

Equity

HomeLight

NOVEMBER 30, 2023

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. It allows you to tap into your existing home’s equity to cover the down payment and closing costs for your new property.

Equity

HomeLight

NOVEMBER 30, 2023

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. This is where the equity in your existing home steps in to cover the down payment and closing costs for your new abode.

Equity

HomeLight

DECEMBER 7, 2023

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. Additionally, lenders will assess the equity in your current home. What is a bridge loan, in simple words?

Equity

HomeLight

NOVEMBER 30, 2023

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. In this situation, the equity from your existing home is used to cover the new property’s down payment and closing costs.

Equity

HomeLight

NOVEMBER 21, 2023

Enter the bridge loan, a financial lifeline that can synchronize the purchase of your new Minnesota home while leveraging the equity of your current property. This type of loan taps into the equity of your current home, providing the necessary funds for a down payment and other expenses linked to your new home purchase.

Equity

HomeLight

JANUARY 30, 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. It uses the equity from your previous Denver home to help cover the down payment and closing costs for your new abode.

Equity

HomeLight

NOVEMBER 29, 2023

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. Staging woes: You aim to sell an empty or staged home, which is often more appealing to buyers and potentially more profitable.

Equity

HomeLight

NOVEMBER 9, 2021

The sales price of your home may appear to offer a good profit margin, but before you start putting those expensive items from your wishlist into your shopping cart, first you must subtract all the closing costs New York homeowners have to pay. Sorry, New York sellers, but you are responsible for quite a few closing costs.

Closing costs