Remove Closing costs Remove Home sale contingency Remove Loans
article thumbnail

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

HomeLight

When inventory is low, and prices are high, it might seem like your only option is to sell first, move out, and find a temporary place to live while you search for your next home. A bridge loan could be the solution youre looking for. You can then make a strong offer on your next home with no home sale contingency.

Equity 52
article thumbnail

What Is a Home Sale Contingency?

HomeLight

Most often, this type of scenario calls for a home sale contingency. With the help of real estate agent Jesse Allen , a single-family home expert in southern Indiana , we’ll help to explain the ins and outs of home sale contingencies, and offer additional alternatives for buyers who currently own a home.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Housing Wire

Also, BBYS products make homeowners competitive bidders because they can submit non-contingent offers that can compete with cash offers, which made up one-third of winning offers in Q4 2023. This model is still expensive for homeowners because they are paying duplicate closing costs and leaseback fees.

article thumbnail

Bridge Loans in Las Vegas: Unlock Your Equity to Buy Before You Sell

HomeLight

A bridge loan might be the solution youre looking for. This short-term financing option helps you buy your new home before your current one sells, giving you a little more control in a stressful situation. You can then make a strong offer on your next home with no home sale contingency.

Equity 52
article thumbnail

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

HomeLight

You might feel like your only option is to sell first, move out, and find a temporary place to live while you search for your next home. A bridge loan can help you buy a new home before selling your current one. You can then make a strong offer on your next home with no home sale contingency.

Equity 52
article thumbnail

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

HomeLight

You might be curious if theres a way to access your homes equity for a down payment before it sells or if your only option is to move out and crash somewhere temporary while you house hunt. A bridge loan could be the piece that helps everything come together. Buy Before You Sell What is a bridge loan, in simple words?

Equity 52
article thumbnail

Hard Money Lenders Seattle: Quick Loan Approvals

HomeLight

Looking to fund your next real estate project in Seattle with a hard money loan ? These loans are a great alternative to traditional financing, especially for short-term projects or those with credit issues. In this guide, we’ll break down how hard money loans work in Seattle, their costs, and alternative financing options.