“Sell First, Buy Later.” This is the solution many home owners are told when they ask how to transition into another property.
We are hearing these questions more frequently now as the Seattle real estate market has become “unlocked” and homeowners are finally having an easier time finding a new home to purchase.
I just spoke to a family that is looking to move closer to Bellevue (where they just bought a business) and are selling their older Marysville, WA home.
They are actively looking for their new dream home, and they don’t want to miss out when the right home comes along.
So… what are their options?
What most homeowners and many agents aren’t aware of, is that “Sell First, Buy After,” isn’t your only option.
Did you know you may be able to tap into the equity of your existing home and use it as collateral to buy your new home? Allowing you to BUY FIRST and Sell after you’ve moved.
Here’s how this will help you?
- This option allows you to buy your new home FIRST (without a contingent offer) and not worry about losing the home of your dreams.
- Also, you don’t need to slash your sales price for a quick sale and lose thousands in equity to make the timing work.
- You also won’t have to worry about having 2 house payments for up to 6 months.
- And you may even be able to access up to $25,000 to make improvements on your existing home to sell.
With many of our markets changing over the last few years, homeowners have lots of equity that can help them ease the switch into their new property.
DM me if you’d like to connect with a lender who can talk to you about your options to help you get out of your old house and into the new one, in the smoothest way possible.
