About a year ago, we met Nathan, who was looking to upgrade to a new home. Although he liked his current, it lacked certain features that he and his wife desired. They were also contemplating moving in with his in-laws, which added to the intricacy of finding a perfect home.
Nathan identified several houses that seemed ideal, making 3 to 4 offers over the past year and a half. Unfortunately, each of these homes attracted multiple offers, and his home was not even listed yet!
Nathan was hesitant to list his home too early. The fear of selling it without securing a new one and potentially ending up homeless was a major concern. The only option was knowing for certain which house he would be able to secure before selling his current home.
In June, we acquired a new loan program that changed everything. Nathan needed the equity from his current home to make a down payment on his purchase. Our new Bridge Loan made this possible. It allowed him to use the equity in his existing home to secure his dream home without the need for a contingent offer. We quickly got Nathan approved for this new loan, and he successfully purchased his dream home. Now, he can slowly prepare his current home for sale, and avoid the stress of buying and selling at the same time.
If you are facing a similar challenge, we can help you buy first and sell your current home later, reducing your stress and ensuring you get the perfect house. Don’t risk settling or being homeless – contact us today.
