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6 Options to Consider When Selling and Buying a Home in a Seller’s Market

Redfin

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.

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Selling a House for a Job Relocation: Tips, Tools, and Taxes

HomeLight

If you purchased the home recently, such as a year or two ago, it’s possible you haven’t built up much equity yet. Home equity is a homeowner’s financial stake in their property that they own free of their mortgage loan obligation.). What’s your home worth? Relocating for a job can mean moving sooner than intended.