Redfin

MAY 7, 2021

Another option to consider is gap financing such as a Home Equity Line of Credit (HELOC) or a Bridge Loan. For those unfamiliar with HELOC or Bridge Loans, they use your home’s equity, the difference between your home’s value and the amount owed on your mortgage, to secure the loan. 2) Buy first and sell your home to an iBuyer.

Purchase and sale agreement 79

Purchase and sale agreement Marketing Equity Loans 79

Real Trends

JULY 15, 2022

Today, people who own their homes aren’t willing to spend all their equity in their house compared to 15 years ago, so they aren’t interested in lowering its price. This could involve a quick settlement, a rent-back offer, a home inspection without repairs, or doing away with other contingencies.

Loan Officer 52

Loan Officer Agents Rent back Finance 52

HomeLight

APRIL 17, 2024

Others perform a home inspection while their competitor skips one. Like Opendoor, they typically perform a home inspection before finalizing their offer. In normal home sales, many real estate agents are negotiating rent-back periods for home sellers. But beyond this similarity, how do they stack up? Trustpilot : 4.6

Seller concession 101

Seller concession Inspection Rent back Closing 101

HomeLight

APRIL 29, 2021

If you’re looking to move, a seller’s market is a great time to cash out on your home equity. For example, in 2017, a competitive housing market in Western Washington prompted “serious buyers” to waive home inspections and financing contingencies. Your bank account will thank you! You have more leverage in negotiations.

Marketing 109

Marketing Sales Agents Construction 109

HomeLight

JANUARY 7, 2022

Here are some factors they’ll consider as they walk you through the first few steps: Your current financial situation: The biggest challenge you’ll likely face is coming up with a down payment for your new home while your equity and investment are still tied up in your current house. Next: Understand the timeline. List your house for sale.

Equity 104

Equity Loans Debt-to-income ratio Closing 104

HomeLight

JUNE 30, 2021

There are lots of other kinds of contingencies — inspection contingencies, appraisal contingencies — but the sales contingency can be especially tricky. In a seller’s market, homebuyers are waiving inspection contingencies , financing contingencies, and sales contingencies. Ask for a rent-back clause.

Rent back 104

Rent back Inspection contingency Earnest money deposit Finance 104

HomeLight

FEBRUARY 28, 2022

In a perfect world, you can put your current house on the market, sell quickly to get your equity out of your home to use for a down payment, and find your next dream home just as quickly. According to information collected by CoreLogic, a property data provider, homeowners averaged an equity gain of more than $56,000 in 2021.

Equity 122

Equity Debt-to-income ratio Closing Loans 122