Sellers that want to buy find it increasing frustrating to do so in our current real estate market if they must sell their home prior to buying a new home. I now have a lender that will provide a client in this position with a way around the contingency process. You may go out and purchase your new home and sell after. Yes I will say it again. You may go out and purchase your new home and sell after. We now have a TRUE product that will assist you in accomplishing your effort to buy first and sell second.
There are two major reasons that contingent contracts fall apart:
We are the only real estate company in the area that offers a portfolio Bridge Loan that DOES NOT indebt the buyer for both mortgages. What this means simply is that you qualify for the purchase of whatever property you are selling them without the worry of indebting for their existing home that is currently being sold. The bottom line is you as a purchaser who owns a home qualifies to buy with virtually the same easier qualifications as a first time buyer. This means you have more purchasing power and can qualify for more of a home, even while their existing home is up for sale.
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