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My Current Home Hasn't Sold Yet. How Can I Buy My New Home?
Are you trying to buy your next home but your current home still hasn’t sold? 🏡🤔
Don’t worry...this is one of the most common challenges homebuyers face, and the good news is you have options. Let’s break it down in a simple, stress-free way so you can still move forward with confidence and land the home you really want. 💪😊
One option is to submit what's called a contingent offer. That means your offer on the new home depends on selling your current home first. It can work — but here’s the catch: most sellers prefer offers without contingencies, especially if they already have stronger ones on the table.
A more powerful strategy is using a bridge loan. 🌉💵
A bridge loan is a short-term financing tool that covers your down payment and closing costs on the new home before your current home sells. This lets you make a non-contingent offer, which is far more attractive to sellers. Once your old home sells, you simply pay off the bridge loan. It’s a smart way to stay competitive, especially in a fast-moving market.
If you’ve ever been in this situation, drop a comment and share your experience. 👇
You never know who your story might help!
🙌 If you found this video helpful, don’t forget to give it a👍thumbs up, and follow so you never miss more tips to help you reach your homeownership goals!
#HomeSelling #HomeBuying #RealEstateTips #HomeBuyingProcess #BuyBeforeYouSell #BridgeLoan #ContingentOffer #MoveUpBuyer #JeffMarkell #GrandpaMortgage #HomeLoanLee #EmpireHomeLoans #MortgageBrokerVideos #MortgageAdvice #RealEstateHelp
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