Buy Before You Sell And Move In To Your Next Home Up To 2 or 3 Months Sooner*
* this can vary based on the average number of days on market in your area
Buy Before You Sell
The Old Traditional Way
Moving is both exciting and stressful.
The excitement starts when you are out casually looking at homes. You find the perfect home and put a deposit on it to hold it.
Then you realize that you need to sell your current home, and get it sold by a certain date or you will lose your deposit on the new place.
Cue stressful music.
The offer that you made for your next home is contingent on the sale of your current home which makes it a less-strong offer.
You list your old home for sale and hope that you will get a good enough offer so you can get it sold in time, not realizing that the real estate market in the area has slowed considerably and it is taking up to 3 months to get homes sold.
It’s necessary to declutter so you rent a storage unit for a few months.
You are trying to make some home improvements to make it more desirable, but you need to accommodate showings while still living your life.
You are also hoping that someone does not make a better offer on that next home that you wanted. Otherwise you might need to start the process over again.
You finally get an offer for your current home. It might not be as good as what you had hoped for, but you feel you have to take it because you have already committed to the next home.
You complete the sale of your old home, but need to rent for awhile because the closing dates on the new home and the old home do not coincide, so you put everything in storage.
You finally move in and vow “never again”.
How “Buy Before You Sell” (BBYS) Changes Things
Moving is exciting and BBYS reduces or eliminates the stress aspect.
The excitement starts when you are out casually looking at homes. You find the perfect home and put a deposit on it to hold it.
You contact my team and start the BBYS process.
Within just a couple of days you have a guaranteed offer on your current home, you have the funds for your down payment via the Interest Free Equity Advance, you submit a non-contingent offer, and you are Under Contract on your next home.
You close on that perfect home and move in.
You do not need to make double mortgage payments for both homes because the Interest Free Equity Advance is covering the payments on the old home for up to 6 months.
Cue the “happy dance” music.
You get your old home ready for sale, list it for sale, and don’t need to consider low-ball offers because you can take your time (up to 6 months) to get the best price for your home.
You close on your old home, pay back the Interest Free Equity Advance.
Cue the “happy dance” music again.
How It Works...a quick summary
GET APPROVED
You will start the qualification process online, and then meet with our Lending Partner to finalize the details.
Our lending partner will provide you with the guarantee for the sale of your current home allowing you to make a non-contingent offer for the purchase of your next home.
PREPARE YOUR PREVIOUS HOME FOR SALE
We will do a thorough walkthrough and create a checklist of everything needed to clean, repair, and update so that your home will be in the best possible condition to attract the most qualified buyers who would be willing to pay top dollar to purchase your “move-in ready” home.
SEARCH FOR YOUR NEXT HOME
Partner with us to find a home that will satisfy all of your requirements, knowing that the offer you make will not be contingent on the sale of your current home.
SKIP THE SHOWINGS AND OTHER SHOWING INCONVENIENCES
Your previous home is clean, in good repair, updated, and best of all it’s empty. You’ve moved out and enjoying life in your new home. So when showings are requested you don’t have to run around putting things away, clean the counters and bathrooms, make the bed, put away the work files, or take the dog for a walk.
BUY WITHOUT A HOME SALE CONTINGENCY
Your Equity Advance provides the funds needed for the down payment, the Guaranteed Offer makes you a non-contingent buyer (which sellers love), and my team will guide you through the Inspections, Documentation, Appraisal, and Closing process.
CLOSE ESCROW AND GET YOUR SALE PROCEEDS
You close on your old home, pay back the Interest Free Equity Advance.
Cue the “happy dance” music again
MOVE INTO YOUR NEW HOME
You only move once, and you will have time to do it right. You can arrange the furniture, unpack the boxes, and meet the neighbors.
Schedule a Brief 15 Minute Phone Consultation
How does the Buy Before You Sell solution compare cost-wise?
The cost of our Buy Before You Sell is going to be roughly the same as doing it the traditional way, and could be quite a bit less when you factor out the extra costs that you will not need such as storage unit, temporary housing, and other extras that are eliminated by our system.
And, your current mortgage payment will not be included in the Debt to Income (DTI) calculation for your next home.
However, these costs are heavily offset by the real estate commission reductions that we provide when my team is selected to provide this service.
There are other intangibles to consider:
- What is the value to you to be able to move in to your next home 3 months sooner than doing it the old way?
- What is the value to you for using a system that is practically stress-free?
Schedule a no-obligation meeting, either in-person or by phone to discuss how this can help your situation.
Schedule a Brief 15 Minute Phone Consultation
Or fill out this short contact form if you have any general questions or requests about the service.
We will try our best to respond back to you within 24 hours, but usually much sooner.
Phone (call or text)
720.277.9001
Jerry Downer, REALTOR, and BUY BEFORE YOU SELL SPECIALIST
