Have you ever been in the situation where you’re casually going to open houses on the weekend, and you find your absolute DREAM home? You can imagine all the ways you would decorate, picture where all the furniture would go and envision future memories being made… Then reality snaps back in, and you remember that you still need to get your current house ready to hit the market, and this dream home already has multiple offers.

Timing can be tricky in a real estate transaction – especially if you need the proceeds from the sale of your current home in order to purchase a new home. 

You might remember our previous blog post about the state of our current real estate market, and how “all-cash offers improve chances of winning a bidding war by 290%.” The same partner who offers the Buy With Cash program offers a Buy Before You Sell program as well! 

The Buy Before You Sell program allows you to put in a competitive, all-cash offer on your dream home, before you sell your current home – negating any contingencies on an offer, chances of having to move twice due to gaps in closing dates, and even having to put your home on the market while you’re still living there! 

 

Here’s how it works: 

1. You get approved. 
   1. Our partner will approve you for a specific amount so you can start shopping and be ready to make an offer as soon as the house you want comes on the market. 
2. We make an all-cash offer. 
   1. We work with you to make a cash offer on your new home. Cash offers are significantly more likely to win than financed offers. 
3. Win the home. 
   1. The seller accepts your offer. We work with you to finalize the purchase. You’ll have a few tasks to complete, too, including paying your earnest money deposit, scheduling an inspection, and signing mortgage disclosure documents. 
4. Move into your new home. 
   1. You can move in the day after we close and rent from our partner for up to six months. They’ll prorate the rent, so you’ll only pay for the days you use. 
5. List and sell your old home. 
   1. We’ll list your existing home and sell it for top dollar. Our partner is able to provide a Floor Price guarantee to most homebuyers. So if your home doesn’t sell in six months, they’ll buy it from you. 
6. Buy back your new home. 
   1. You’ll finalize your mortgage and close on your new home by buying it back from our partner.

Want to learn more or apply and get started? Visit us here, or call your favorite HG agent today and we will be happy to answer any questions!