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Bridge Loans in Phoenix: How to Unlock Home Equity to Buy Before You Sell

HomeLight

When inventory is low, and prices are high, it might seem like your only option is to sell first, move out, and find a temporary place to live while you search for your next home. A bridge loan could be the solution youre looking for. You can then make a strong offer on your next home with no home sale contingency.

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

Also, BBYS products make homeowners competitive bidders because they can submit non-contingent offers that can compete with cash offers, which made up one-third of winning offers in Q4 2023. JF: We’ve carefully designed our processes, so our incentives are always aligned with yours.

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Bridge Loans in NYC: How to Unlock Home Equity to Buy Before You Sell

HomeLight

You might be curious if theres a way to access your homes equity for a down payment before it sells or if your only option is to move out and crash somewhere temporary while you house hunt. A bridge loan could be the piece that helps everything come together. Buy Before You Sell What is a bridge loan, in simple words?

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Bridge Loans in Las Vegas: Unlock Your Equity to Buy Before You Sell

HomeLight

A bridge loan might be the solution youre looking for. This short-term financing option helps you buy your new home before your current one sells, giving you a little more control in a stressful situation. You can then make a strong offer on your next home with no home sale contingency.

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Is a Home Sale Contingency Clause Always Necessary? Here Are Your Options

HomeLight

But one of the most influential bargaining tools is eliminating contingency clauses, especially the seller contingency clause, also known as the home sale contingency. What is a contingency clause? Let’s begin by looking at the “what” and “why” of contingency clauses. Source: (Masjid MABA / Unsplash).

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Hard Money Lenders Portland: Short-Term Loans for Real Estate

HomeLight

A hard money lender provides short-term loans backed by real estate rather than the borrower’s credit score. Instead of relying on traditional metrics, hard money lenders determine the loan amount based on the after-repair value (ARV) of a property. If a borrower fails to repay the loan, the lender can take ownership of the property.

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Bridge Loans in Atlanta: How to Unlock Home Equity to Buy Before You Sell

HomeLight

You might think your only choice is to sell your current home, move into temporary housing, and hope your future home becomes available without delay. However, there’s one financial tool you probably haven’t considered – a bridge loan. You can then make a strong offer on your next home with no home sale contingency.

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