Do you need to sell your home in order to buy a new one? You have options for buying a house without a home sale contingency.
In a buyer’s market, if you have a home to sell before you can purchase your new home, most sellers will accept a home sale contingency. This allows you a set number of days to get your home under contract. But in a seller’s market, most sellers are not willing to take their home off the market and wait for you to sell yours. You need to come up with a Plan B if you need the proceeds from your current home in order to buy your next one.
Let me introduce you to one of my preferred lenders who can present you with your options for getting the equity out of your current home in order to buy a new one. I have a great team of lenders who consistently provide value to my clients by educating them about all of their options.
You can sell your home first, do a 60 day rent back, and find your next home in that 60 day period. Other options could be a bridge loan, HELOC, 401K loan, IRA withdrawal, or gift money.
Are you ready to explore your options for buying a house without a home sale contingency? Please reach out to me and let me and my lenders guide you through the process.