HomeLight

NOVEMBER 29, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. You can then make a strong offer on your next home with no home sale contingency. The lender handling your mortgage for the new home will often manage your bridge loan.

Equity 106

Equity Loans Debt-to-income ratio Home sale contingency 106

HomeLight

NOVEMBER 30, 2023

Selling your home in Missouri and buying a new one often involves a tricky dance of timing and finances. This becomes particularly challenging in a market where homes are scarce, and prices are high. You can then make a strong offer on your next home with no home sale contingency.

Equity 105

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

HomeLight

DECEMBER 15, 2023

This short-term financing solution can provide the funds you need to secure your new Austin home before selling your old one. You can then make a strong offer on your next home with no home sale contingency. Prepare your old home for sale more effectively, including staging.

Equity 96

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

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 94

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

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 96

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

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. How does a bridge loan work in Maine?

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 90

Equity Loans Debt-to-income ratio Home sale contingency 90

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. Overcoming the challenge of a home sale contingency in your offer.

Equity 109

Equity Loans Debt-to-income ratio Home sale contingency 109

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. Equity requirements: Lenders assess the equity in your current home.

Equity 92

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

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 93

Equity Loans Debt-to-income ratio Home sale contingency 93

HomeLight

DECEMBER 4, 2023

This short-term financing option in North Carolina can help bridge the gap, allowing you to purchase your new home before selling your old one and smoothing out the transition in this significant phase of your life. You can then make a strong offer on your next home with no home sale contingency.

Equity 102

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

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 101

Equity Loans Debt-to-income ratio Home sale contingency 101

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 410

Backup offer Loan Officer Home sale contingency Branding 410

HomeLight

NOVEMBER 29, 2023

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. This short-term financing option is designed to help you bridge the gap, allowing you to buy your new home in Washington state before you’ve sold your current one.

Equity 95

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

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 96

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

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 96

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

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 98

Home sale contingency Equity Closing costs Staging 98

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 74

Equity Home sale contingency Finance Staging 74

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. of their home’s final purchase price.

Home sale contingency 86

Home sale contingency Staging Loans Closing 86

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. What are the drawbacks of a bridge loan?

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

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 98

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

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 98

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

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 93

Equity Loans Debt-to-income ratio Home sale contingency 93

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. 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 21, 2023

But what if there’s a smoother path to transition from your old home to your new one? 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. What are the drawbacks of a bridge loan?

Equity 103

Equity Loans Debt-to-income ratio Staging 103

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. 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 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.

Equity 92

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

HomeLight

NOVEMBER 6, 2023

A bridge loan might be the lifeline you need, offering a short-term financing solution that lets you purchase your new home even before you’ve handed over the keys to your old one. You can then make a strong offer on your next home with no home sale contingency. What is a bridge loan?

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101

HomeLight

SEPTEMBER 27, 2023

If you are selling your home in Colorado but also looking to purchase a new one, the timing of both transactions can feel impossible to plan perfectly. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. How does a bridge loan work in Colorado?

Equity 87

Equity Loans Debt-to-income ratio Home sale contingency 87

HomeLight

MARCH 31, 2023

With low inventory and notoriously high home prices, California homeowners are looking for creative financing solutions to fund their dream home purchases. One of these solutions comes in the form of a bridge loan — this kind of loan allows homeowners to purchase their next home before needing to sell their old one.

Equity 82

Equity Loans Debt-to-income ratio Finance 82

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. You can then make a strong offer on your next home with no home sale contingency.

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

NOVEMBER 21, 2023

You might think your only option is to sell, vacate, and temporarily relocate while you search for a new home. A bridge loan offers a practical way to leverage the equity in your current home, providing financial flexibility. You can then make a strong offer on your next home with no home sale contingency.

Equity 80

Equity Loans Debt-to-income ratio Home sale contingency 80

HomeLight

JANUARY 3, 2023

Step 3: Declutter, clean, and stage your home. Research shows that deep cleaning and decluttering your home prior to listing will pay off in huge rewards. You may also want to consider strategically staging your home so that buyers can envision how each space could be used. Closing date. Earnest money.

Purchase and sale agreement 100

Purchase and sale agreement Inspection MLS Inspection contingency 100

HomeLight

JUNE 17, 2022

You don’t have the time or money to do renovations and want to move without extensively updating your home, and are willing to accept less money for it. Buyers who want to take on those projects and like your neighborhood will often appreciate the sweat equity they can invest to get their dream home.

Inspection 107

Inspection Pre-approval Inspection contingency Renovation 107

HomeLight

JULY 6, 2023

In the meantime, with a “Contingent” status, the seller is typically allowed to continue showing the home and accept backup offers in the event something goes awry. So what are the contract stipulations that put a listing into that “Contingent” stage, and how common is it for a property to hang in closing limbo?

MLS 93

MLS Backup offer Inspection contingency Purchase and sale agreement 93

HomeLight

JANUARY 4, 2022

Skip repairs, staging, and showings. HomeLight’s nationwide Simple Sale platform provides cash offers for homes “as-is” in almost any condition. Below are some of the types of non-institutional buyers who may have the cash on hand to transact without a financing contingency: The creative buyer.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

MARCH 21, 2022

Contact: A seller contacts a company that buys homes in their area and provides some basic information about their home (though some companies will reach out to sellers about buying their home.). Example home trade-in companies: HomeLight Trade-In. Orchard Move First. Local investors. HomeLight Trade-In. 844-488-8455.

Closing costs 96

Closing costs Home sale contingency Investor Closing 96