Here are two great options for homebuyers who need to sell a home first.

In today’s market, we’re running into more issues than ever because of tight inventory. One of the main issues is when home sellers need to sell before they’re able to buy their next property.

Nearly every property is getting multiple offers, and the likelihood of getting one with a home sale contingency accepted is slim to none. This leaves a lot of homeowners stuck because they don’t want to end up homeless and don’t want to move twice.

“A bridge loan lends you the money to buy before you sell.”

One of the things we can do to remedy this problem is by speaking with a lender to see if it’s possible for you to qualify for both properties. We had a few clients recently who were able to do that. It allows them to find their new home first, get their current home on the market, and have the peace of mind that their home is going to sell quickly.

Another option is a bridge loan. If you aren’t able to qualify for both properties at once, they will lend you the money to buy before you sell.

If you have any questions about qualifying for two properties, bridge loans, or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.