HomeLight

DECEMBER 29, 2023

Selling your old home while looking for a new one in Dallas can be difficult, especially when juggling the complex timing and limited finances. A bridge loan is a short-term financial tool designed to “bridge the gap,” enabling you to purchase a new home before you’ve sold your current residence.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

JANUARY 30, 2024

It’s a common dilemma: you must sell to finance your next home, but where do you live? This short-term financing tool could be the very thing you need to bridge the gap, allowing you to purchase your new Denver home before you’ve sold your old one. This is where a bridge loan steps in.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

DECEMBER 15, 2023

Managing the sale of your Austin home while trying to purchase a new one can be difficult. With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. You can then make a strong offer on your next home with no home sale contingency.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 29, 2023

For many homeowners, it might seem like the only path forward is to sell, temporarily move out, and endure the inconvenience of living elsewhere while hunting for that perfect new home. You can then make a strong offer on your next home with no home sale contingency. How does a bridge loan work in Hawaii?

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

DECEMBER 14, 2023

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 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

NOVEMBER 29, 2023

You might think your only option is to sell your current home, find a temporary place to live, and search for your new dream house. It’s a short-term financing option that helps you purchase a new home in New York before selling your old one, smoothing out the transition and fitting the pieces of your property puzzle together.

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

HomeLight

NOVEMBER 29, 2023

Navigating the complexities of selling your old home while purchasing a new one in Michigan can often feel like a high-stakes balancing act. Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

NOVEMBER 17, 2023

You might find yourself contemplating the daunting prospect of selling your home, moving to a temporary location, and then hunting for a new house. As a short-term financing option, bridge loans in Illinois offer a unique opportunity. You can then make a strong offer on your next home with no home sale contingency.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 29, 2023

For many Idaho homeowners, it might seem like the only path forward is to sell first, move into a temporary location, and then embark on the hunt for a new 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 94

Equity Loans Home sale contingency Debt-to-income ratio 94

HomeLight

NOVEMBER 29, 2023

Selling your old home while buying a new one in Wisconsin can often feel like a delicate balancing act. In a market with limited inventory and high prices, aligning the timing and finances for both transactions becomes a significant challenge. You can then make a strong offer on your next home with no home sale contingency.

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

DECEMBER 4, 2023

Selling your old home while buying a new one in North Carolina often presents a tricky balance of timing and funds. In a market where inventory is low and prices are high, synchronizing the sale of your current home with purchasing a new one adds an extra layer of complexity.

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

NOVEMBER 30, 2023

As a homeowner, you might feel cornered into selling your current home before you can afford to buy a new one, leading to the hassle of finding temporary housing in the interim. You can then make a strong offer on your next home with no home sale contingency. What are the drawbacks of a bridge loan?

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

Housing Wire

FEBRUARY 14, 2024

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. When, and if, contingent offers are accepted, they can result in paying as much as 11% more for the home relative to a cash offer.

Backup offer 414

Backup offer Loan Officer Home sale contingency Branding 414

HomeLight

NOVEMBER 29, 2023

Balancing the sale of your old home with purchasing a new one in Washington state can be tricky, especially in a market where homes are scarce and prices are high. You might feel cornered into selling first and then facing the hassle of finding a temporary place to stay while you search for your next home.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

DECEMBER 5, 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.

Equity 98

Equity Debt-to-income ratio Loans Home sale contingency 98

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. You can then make a strong offer on your next home with no home sale contingency. What is a bridge loan, in simple words?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 17, 2023

You might find yourself in a predicament where it seems the only option is to sell your home, move out, and temporarily relocate while you hunt for your new dream house. As a short-term financing option, bridge loans offer the unique advantage of helping you purchase your new home before you’ve sold your old one.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 7, 2023

For many, it feels like the only path is to sell, move into a temporary place, and then hunt for a new home — a process that is both costly and stressful. But what if you could seamlessly transition from your current home to the next? You can then make a strong offer on your next home with no home sale contingency.

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

NOVEMBER 3, 2023

Enter the bridge loan — a strategic, short-term financing solution designed to help you purchase that new dream home without waiting for your old one to sell. You can then make a strong offer on your next home with no home sale contingency. But what if there was a smoother pathway?

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

MAY 8, 2024

These loans offer a unique financing solution, especially for those who might not qualify for traditional financing due to various reasons, such as a brief project timeline, limited upfront cash, or credit challenges. You can then make a strong offer on your next home with no home sale contingency.

Hard money loan 104

Hard money loan Loans Home sale contingency Finance 104

HomeLight

JANUARY 31, 2024

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. Learn More What does contingent mean? How long can a house be contingent?

Purchase and sale agreement 104

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 104

HomeLight

DECEMBER 30, 2023

Searching for a home to buy can be a time of excitement and anxiety. You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” Can you make an offer on a home that’s under contract?

Home sale contingency 106

Home sale contingency Purchase and sale agreement Inspection contingency Inspection 106

HomeLight

FEBRUARY 6, 2024

Start Making Offers Without Waiting to Sell 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.

Inspection contingency 107

Inspection contingency Home sale contingency Inspection Finance 107

HomeLight

DECEMBER 19, 2023

Selling your home and buying a new one at the same time can feel like walking a financial tightrope. If you’re like most Americans, you need the proceeds from the sale of your current home to buy your next home. You’re likely counting on earned equity to fund your deposit and cover closing costs.

Home sale contingency 99

Home sale contingency Equity Closing costs Staging 99

HomeLight

JANUARY 19, 2024

The decision to waive the mortgage contingency, while potentially making your offer more appealing, carries a sloshing bucket of risks and considerations. But it can also tilt a sale in your favor. You can then make a strong offer on your next home with no home sale contingency.

Earnest money deposit 101

Earnest money deposit Purchase and sale agreement Mortgages Home sale contingency 101

HomeLight

FEBRUARY 16, 2024

Most Americans need the equity and sale proceeds from their current home in order to buy a new home. But you also want to start shopping for a home so you have a place to live when your house sells. Herein lies the buy-sell predicament: Can you put an offer on a house before selling your current home?

Home sale contingency 102

Home sale contingency Equity Finance Sales 102

Real Trends

DECEMBER 27, 2022

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

HomeLight

SEPTEMBER 25, 2023

Navigating the journey of selling your current home and stepping into a new one can feel like a daunting dance of timing and finance. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Need to Buy Before You Sell?

Loans 100

Loans Home sale contingency Mortgages Finance 100

HomeLight

SEPTEMBER 20, 2023

On the flip side, selling your home first clears up finances but can rush your next purchase. 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.

Home sale contingency 88

Home sale contingency Finance Equity Marketing 88

HomeLight

AUGUST 23, 2023

You’re ready to make an offer but there’s a big caveat: You already own a house, and you need the equity from it to afford your dream upgrade. The buy-sell conundrum Now that you’ve graduated into repeat buyer status, the equity you’ve built in your current house over time can be a springboard for your next purchase.

Equity 77

Equity Home sale contingency Finance Staging 77

Redfin

JANUARY 25, 2021

A favorable home appraisal , however, may offer you peace of mind, knowing that you are buying a home with instant equity because the value is more significant than your purchase offer. 3) Financing contingency. The financing contingency protects both the bank and the homebuyer.

Purchase and sale agreement 79

Purchase and sale agreement Home sale contingency Inspection contingency Title 79

HomeLight

AUGUST 6, 2020

When the Cowing family decided it was time to upsize to a larger home in Carlsbad, California, they were faced with a common real estate quandary: What’s the best way to buy a new house while selling another at the same time? ?. There were no sales contingencies, and we were able to close in 30 days.

Home sale contingency 87

Home sale contingency Equity Closing Inspection 87

HomeLight

JUNE 16, 2023

In many instances, a homeowner needs to use equity from their existing home to buy their next residence. That can mean adding a home sale contingency to their offer, which makes it weaker and less attractive to sellers, or finding temporary housing between transactions. Neither of these options are ideal.

Home sale contingency 90

Home sale contingency Staging Loans Closing 90

HomeLight

NOVEMBER 17, 2023

Often, it might seem like your only option is to sell your current property, find temporary accommodation, and then embark on the hunt for your new home. You can then make a strong offer on your next home with no home sale contingency. Balancing debt: A key factor in this process is your debt-to-income ratio (DTI).

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

DECEMBER 6, 2023

Designed as a short-term financing option, bridge loans empower you to secure your next home in Houston before you’ve sold your existing one, simplifying the buy-sell process significantly. You can then make a strong offer on your next home with no home sale contingency.

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

DECEMBER 6, 2023

Are you a homeowner in Chicago grappling with the challenge of selling your old home while eyeing your next dream house? Transitioning from one home to another often involves a delicate balance of timing and finances, especially in a market where inventory is scarce and prices are soaring. You’re not alone.

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

HomeLight

DECEMBER 7, 2023

Selling your old home while buying a new one in Seattle can be a challenging balancing act, especially regarding timing and finances. This can be even more difficult in a market where inventory is scarce and home prices are rising. You can then make a strong offer on your next home with no home sale contingency.

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100