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Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

HomeLight

Home listings have been in short supply for several years now across the U.S., leading to bidding wars in many of the major markets. For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Cash offers or flexibility in choosing a closing date can also be attractive enticements to a seller.

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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. We work with lenders to fix the problem at its root (i.e.,

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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. What is a bridge loan, in simple words?

Equity 97
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Bridge Loans in Connecticut: How to Unlock Home Equity to Buy Before You Sell

HomeLight

A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. You can then make a strong offer on your next home with no home sale contingency. That’s where a bridge loan in Connecticut can be your saving grace.

Equity 95
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Bridge Loans in Dallas: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Selling your old home while looking for a new one in Dallas can be difficult, especially when juggling the complex timing and limited finances. This can be even more difficult in a market like Dallas, where inventory is scarce and prices are soaring. You can then make a strong offer on your next home with no home sale contingency.

Equity 95
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Bridge Loans in San Francisco: How to Unlock Home Equity to Buy Before You Sell

HomeLight

You might think your only choice is to sell your home, move out, and then scramble to find a new one, but there’s an alternative you likely haven’t considered — a bridge loan. A bridge loan is a short-term financing option that allows you to buy a new home before selling your current one.

Equity 99
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Bridge Loans in Indiana: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Selling your old home while simultaneously buying a new one in Indiana can often feel like a delicate balancing act. In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. This is where a bridge loan comes into play.

Equity 105