Here are five different strategies for home sellers who also need to buy.
A lot of our clients are calling us and asking about the options they have when trying to sell their current home and buy a new one. If you have motivation and desire, we can help you find a solution. Here are five different options that you have right now:
1. Pay in cash. A cash offer is king, but the reality is that not everyone can do this. If you have the ability to make a cash offer, though, it’s ideal
2. Borrow against the property. If you’ve built up enough equity in your current home, you can take some out using a bridge loan or HELOC and use that to help finance your purchase. Reach out to us if you want to know what kind of equity you have right now.
3. Sell first and negotiate a rent-back agreement with the buyer. This allows you to sell your home and buy your new one without a home-sale contingency while only having to move once.
“A bridge loan or HELOC could help finance your purchase.”
4. Sell and rent a different property. Moving twice makes sense for some.
5. Use one of our cash-offer programs. These programs allow you to buy a home with an existing home.
These are just some of the options available to you. If you have any questions about your specific situation or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.
