Buy Before You Sell – Move Into Your Next Home Before Selling Your Current One!
Why sell first when you may be able to buy first?
Imagine finding your perfect next home, moving in at your convenience, and only then putting your current home on the market.
No rushing to coordinate two closings. No temporary accommodation. No packing everything up twice. And no worrying about where you'll live if your home sells before you've found somewhere new.
At Redman Group, brokered by Real Broker LLC, we help homeowners explore an alternative approach to moving with our Buy Before You Sell strategy.
Through specialized financing solutions, qualified homeowners may be able to purchase their next property before selling their existing home.
Your next chapter could be easier than you think.
[FIND OUT IF YOU QUALIFY]
What Is Buy Before You Sell?
Traditionally, homeowners who want to move face a familiar dilemma:
Do we sell our current home first and hope we find something suitable, or find our next home and risk being unable to purchase it until our existing property sells?
Buy Before You Sell can help solve this problem.
For eligible homeowners, specialized financing may allow you to access some of the equity in your current property to help purchase your next home before your existing home is sold.
Depending on the program, you may also be able to reduce the financial pressure of carrying two mortgages, access funds to prepare your existing home for sale, and purchase your next property without making the transaction dependent on selling your current home.
The result? A more flexible, convenient way to move.
How Does It Work?
- Step 1 – Let's Discuss Your Plans
We start by understanding your current home's estimated value, existing mortgage balance, financial circumstances, and what you are looking for in your next property.
- Step 2 – Explore Your Eligibility
Working with our lending partners, we help you explore whether a Buy Before You Sell solution could work for you, what financing may be available, and the associated costs.
- Step 3 – Find and Purchase Your Next Home
Once your financing is approved, we can help you find your next home. Depending on your financing arrangements, you may be able to purchase without a home-sale contingency, making your purchase more attractive to sellers.
- Step 4 – Move Into Your New Home
Move at your own pace, without having to arrange temporary accommodation or coordinate two closings on the same day.
- Step 5 – Prepare and Sell Your Previous Home
Once you have moved, we can professionally market your previous home without the inconvenience of keeping it ready for showings while you're still living there.
When the property sells, the applicable financing is repaid from the sale proceeds in accordance with the loan terms.
The Advantages of Buying Before You Sell
- Move only once. Avoid temporary accommodation, storage expenses, and the inconvenience of moving twice.
- Make a stronger purchase. Qualified buyers may be able to purchase without a home-sale contingency.
- Access your existing equity. Some programs allow you to use equity in your current home toward your next purchase.
- Reduce the stress of selling. No last-minute cleaning, unexpected showings, or trying to keep your home picture-perfect while living in it.
- Prepare your home for the market. An empty property can be easier to paint, repair, stage, photograph, and show.
- Enjoy more flexibility. You can focus on finding the right next home rather than rushing to coordinate the sale and purchase.
- Potentially simplify mortgage payments. Certain programs provide financing to cover payments on your existing home for a limited period.
Are There Any Disadvantages?
Like any financial strategy, Buy Before You Sell isn't necessarily the right solution for everyone.
Additional financing costs: Bridge financing or specialized programs may involve fees, closing costs, and other charges that need to be weighed against the convenience.
Qualification requirements: Not every homeowner or property will qualify. Approval depends on your equity, financial circumstances, property, and the lender's requirements.
Your home still needs to sell: A realistic selling price and professional marketing strategy remain essential. If the home takes longer than anticipated to sell, additional costs or repayment obligations may arise.
Potential financial exposure: Depending on the financing structure, you may remain responsible for obligations associated with both properties during the transition.
Program deadlines: Some programs require your existing home to be listed or sold within specific timeframes.
Our role is to help you understand the advantages, potential disadvantages, and alternatives before deciding whether this approach makes financial sense.
Who May Qualify?
You could be a good candidate if:
- You currently own a home with sufficient available equity.
- You are planning to sell your existing primary residence and purchase another home.
- You have a suitable credit history and meet the lending requirements.
- Your income and overall financial position support the proposed financing.
- Your existing property meets the applicable value, condition, location, and property-type requirements.
- You would prefer to move into your next home before preparing and selling your current property.
Not sure how much equity you have?
That's an excellent place to start. We can help you estimate your home's current market value and discuss whether a Buy Before You Sell strategy is worth exploring.
[CHECK MY ELIGIBILITY]
Real Results – A Smoother Move for One of Our Clients
One of our recent clients wanted to move closer to work but couldn't see how to manage finding a new home while simultaneously selling their existing property.
We introduced them to the Buy Before You Sell concept.
They were able to find and move into their new home first, allowing them to concentrate on getting settled.
Once they had moved, we listed their previous property.
The result? Their former home sold in just six days on the market, for above the asking price.
No temporary accommodation. No complicated simultaneous move. Just a carefully coordinated transition from one home to the next.
Every transaction is different, and results cannot be guaranteed, but this is a great example of how the right strategy can simplify moving.