2 Options To Buy Before You Sell

Here are a few ways to buy a new home before selling your old one.

How can you buy a home before selling your old one? Clients ask me about this almost every day, so I want to share a few methods you can use to buy before you sell. 

The first thing you need to do is talk to a lender to discuss your options. If you’re qualified for a second loan, you can start shopping for your new home immediately. This is fantastic since you won’t be pressured to buy and can shop at your leisure. However, this isn’t always possible. 

After speaking with a lender, I’ll do a thorough market analysis for your home. To move forward, it’s crucial to know what your home is worth and how much equity you have. ​​​​​​​

“My in-house program recently helped a client buy before they sold.”

If you have the money for a down payment and are qualified for two mortgages, it’s time to start looking at homes. As I said, you’ll have plenty of time to search for your new house, which is great. However, you’ll start to feel the pressure once you close on your new home since you’ll be paying two mortgages. 

If the money for your new home is tied up in your old one, I have a great in-house program that allows you to use the equity from your old property to purchase your new one with a non-contingent offer. I helped a client buy a home in Orange County using this program recently, and they were impressed with the results. 

There is no right or wrong way to buy and sell; it all comes down to your unique situation. If you have questions about which option is best for you, please call or email me. I am always willing to help!