How can I buy a home before selling my current one?

• Embrace the Contingency:  A sales contingency in your purchase offer lets the seller know your new home purchase hinges on selling your existing one. This protects you but can make your offer less attractive. We can help you craft a compelling offer that highlights your strengths as a buyer.
• Bridge Loan Power:  A bridge loan provides temporary financing to cover the gap between buying and selling. This frees you from contingencies and makes your offer more appealing. Remember, bridge loans typically have shorter terms and higher interest rates, so careful planning is key.
• Unlocking Equity's Potential:  If you've built equity in your current home, consider a home equity line of credit (HELOC) or a cash-out refinance. These tools can provide the funds needed for your down payment on the new house. Let's discuss if this aligns with your financial goals.

• Creative Solutions:  Thinking outside the box can be helpful! Perhaps a rent-back agreement allows you to stay in your current home after closing, giving you time to sell without double housing costs. We can explore all the possibilities with you.

Remember:

• Get Pre-Approved:  Being pre-approved strengthens your offer and gives you peace of mind. We can connect you with qualified lenders who understand this unique situation.
• Work with an Experienced Agent:  A knowledgeable real estate professional can guide you through the intricacies of the process, negotiate effectively, and ensure a smooth closing on both ends.

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I understand buying before selling can feel overwhelming, but you don't have to go it alone. I'm passionate about helping South Jordan residents achieve their homeownership dreams.

Contact me today for a free consultation! Let's chat about your situation and find the perfect path to your new home.

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