If you’re selling your home but also looking to purchase a new one, the timing of both transactions can feel nearly impossible to coordinate. If you’re relying on the equity in your current home to make a down payment on the new one, it may seem as if your only option is to sell, move out, and then find a third location to live while you shop for the new house. But before you resign yourself to months of disorder and stress, there is a new solution that simplifies the entire process and takes much of the burden off your shoulders. In this post, we’ll share the benefits of a tool that is replacing the old way of making a move; the “Buy Before You Sell” program. With today’s modern technology, there are real estate solution companies like HomeLight that have developed creative, convenient, integrated programs that streamline the process of buying and selling a house at the same time. These “Buy Before You Sell” (BBYS) programs provide a bridge to help you successfully complete your move to a new home — significantly reducing anxiety and worries. To put it simply, if you have equity in your current home, a Buy Before You Sell program provides remarkable convenience that is changing the real estate industry. A recent HomeLight survey found that among repeat buyers, 49% use equity from their existing house to buy a new home. But juggling that equity the traditional way can be cumbersome when trying to time your sale and balance the demands of moving. Companies like HomeLight and partner agents can help you move into your new home with speed and certainty — while helping you get the strongest possible offer for your old home.What is a real estate Buy Before You Sell program?
