HomeLight

NOVEMBER 29, 2023

But there’s an alternative that might just be the solution you’re looking for: a bridge loan. This short-term financing option allows you to confidently purchase your new Indiana home before selling your current one, easing the transition and helping you manage this crucial phase in your homeownership journey.

Equity 105

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

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 99

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

HomeLight

JANUARY 30, 2024

But a potential solution to this buy-sell conundrum is a bridge loan. 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. You can then make a strong offer on your next home with no home sale contingency.

Equity 94

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

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. However, a solution might fit your needs perfectly: a bridge loan. 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

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. However, there’s a strategic solution that might just be the missing piece in this complex puzzle: a bridge loan. What is a bridge loan, in simple words?

Equity 90

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

HomeLight

DECEMBER 4, 2023

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. But there’s a more streamlined solution that could be just what you’re looking for – a bridge loan. What is a bridge loan, in simple words?

Equity 100

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

HomeLight

NOVEMBER 30, 2023

However, there’s a solution that could help align these moving parts more seamlessly: a bridge loan. This short-term financing option is designed to bridge the gap, allowing you to purchase your new home in New Jersey before you’ve sold your old one. What is a bridge loan, in simple words?

Equity 103

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

HomeLight

NOVEMBER 17, 2023

However, there’s a strategic solution that might just fit your needs: a bridge loan. As a short-term financing option, bridge loans in Illinois offer a unique opportunity. In this post, we’ll provide insights and helpful tips about bridge loans in Illinois. What is a residential bridge loan?

Equity 95

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

HomeLight

DECEMBER 5, 2023

That’s where a bridge loan in Connecticut can be your saving grace. 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.

Equity 95

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

HomeLight

NOVEMBER 30, 2023

But there’s an alternative that might just be the solution you’re looking for: a bridge loan. This short-term financing option allows you to confidently purchase your new Iowa home before selling your current one, easing the transition and helping you manage this crucial phase in your homeownership journey.

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. A bridge loan could be the key solution you’re searching for. This innovative solution might just be the missing piece in your home buying and selling puzzle.

Equity 94

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

HomeLight

NOVEMBER 29, 2023

For many homeowners in Wisconsin, it might seem that the only option is to sell first, then face the inconvenience of moving to a temporary location while searching for that perfect new home. However, a strategic alternative could smoothly bridge this gap: a bridge loan. What is a bridge loan, in simple words?

Equity 92

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

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. Enter the bridge loan, a potential game-changer for your real estate strategy. What is a bridge loan, in simple words?

Equity 92

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

HomeLight

MAY 8, 2024

Are you considering a hard money loan to fast-track your next real estate investment? Whether you’re planning to flip a house or purchase a rental property, a streamlined hard money loan can be a helpful option. You can then make a strong offer on your next home with no home sale contingency.

Hard money loan 101

Hard money loan Loans Home sale contingency Finance 101

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 93

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

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. In this guide, we explain the ins and outs of bridge loans in Utah and help you decide if they could be the answer to your property puzzle.

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. However, a bridge loan could be the solution you’re looking for. You can then make a strong offer on your next home with no home sale contingency.

Equity 89

Equity Loans Debt-to-income ratio Home sale contingency 89

HomeLight

NOVEMBER 29, 2023

For many homeowners, it might seem like the only viable path is to sell first, then endure the inconvenience of moving to a temporary location while hunting for that perfect new home. However, there’s a solution that might just make these puzzle pieces fit seamlessly together: a bridge loan. When would you consider a bridge loan?

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? Enter the bridge loan, a financial tool designed to bridge this very gap.

Equity 100

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

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 388

Backup offer Loan Officer Home sale contingency Branding 388

HomeLight

SEPTEMBER 25, 2023

If you need assistance with a bridge loan or “buy before you sell” mortgage, HomeLight encourages you to reach out to your own advisor. Navigating the journey of selling your current home and stepping into a new one can feel like a daunting dance of timing and finance. Need to Buy Before You Sell?

Loans 97

Loans Home sale contingency Mortgages Finance 97

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?

Purchase and sale agreement 100

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 100

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 102

Home sale contingency Purchase and sale agreement Inspection contingency Inspection 102

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 99

Home sale contingency Equity Finance Sales 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 97

Earnest money deposit Purchase and sale agreement Mortgages Home sale contingency 97

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

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

Redfin

JANUARY 25, 2021

An appraisal contingency protects lenders more so than the homebuyer, and is almost always required by your lending institution if you’re taking out a home loan. 4) Home sale contingency. This way the home seller does not have to wait around for someone else’s house to sell before theirs can be sold.

Purchase and sale agreement 79

Purchase and sale agreement Home sale contingency Inspection contingency Title 79

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 87

Home sale contingency Staging Loans Closing 87

HomeLight

NOVEMBER 17, 2023

However, there’s a strategic solution that might just be the perfect fit for your situation: a bridge loan. In this guide, we’ll present the mechanics, pros, cons, and alternatives to bridge loans, in Maryland, ensuring you have all the tools you need to make the best decision on how to “Buy Before You Sell.”

Equity 103

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

HomeLight

DECEMBER 8, 2023

If you’re juggling the sale of your current Ohio home with the purchase of a new one, it might feel like walking a financial tightrope. You might think the only option is to sell your old home, move to a temporary location, and then embark on the hunt for your new home. What is a bridge loan, in simple words?

Equity 96

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

HomeLight

DECEMBER 6, 2023

Selling your current home first means you might have to move twice – first to a temporary location, then to your new home. Enter the bridge loan – a short-term financing option that could be the key to securing your new home before you’ve sold your old one. What is a bridge loan, in simple words?

Equity 97

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

HomeLight

NOVEMBER 21, 2023

Navigating the real estate market in Pennsylvania, especially when you’re trying to coordinate the sale of your current home with the purchase of a new one, can be a challenging balancing act. Enter the bridge loan, a potential lifeline in this complex process. What is a residential bridge loan?

Equity 99

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

HomeLight

DECEMBER 8, 2023

However, there’s one solution you likely haven’t considered: a bridge loan. This short-term financial tool bridges the income gap, allowing you to purchase your new Los Angeles home before selling your existing one. You can then make a strong offer on your next home with no home sale contingency.

Equity 97

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

HomeLight

DECEMBER 7, 2023

For many homeowners, it might seem like their only option is to sell their current home, move out, and temporarily relocate while house hunting. Enter the bridge loan — a short-term financing option that lets you purchase your home before you’ve sold your old one. What is a bridge loan, in simple words?

Equity 97

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

HomeLight

DECEMBER 6, 2023

For many Houston homeowners, the dilemma often seems to boil down to selling first and then facing the inconvenience of moving twice – first to a temporary location and then to your new home. Enter the bridge loan, a financial tool that could be the solution you’re searching for. What is a bridge loan, in simple words?

Equity 91

Equity Loans Debt-to-income ratio Home sale contingency 91

HomeLight

NOVEMBER 21, 2023

Navigating the real estate market in Minnesota can feel like a high-wire act, especially when you’re juggling the sale of your current home with the purchase of a new one. But what if there’s a smoother path to transition from your old home to your new one? What is a residential bridge loan?

Equity 101

Equity Loans Debt-to-income ratio Staging 101