How do I buy a home if I need to sell my existing home first?
This is very common in real estate, and a situation we deal with quite often. There are a multiple ways to balance buying and selling at the same time.
- If your current home does not have an accepted offer on it, then you can make an offer on another home that is contingent upon yours selling.
- Many buyers obtain a bridge loan, which allows you to use the equity in your current home as a down payment on the next one. Doing this makes your offer stronger, as it does not need to be contingent upon your home selling.
Why should I setup a custom search with Visible Homes?
If you plan on using us as your Realtors, then you should definitely consider setting up a custom search. Here are a few reasons why:
- You will have access to your own MLS portal, allowing you to view, save and track the listings that meet your criteria. New listings, status changes and price reductions will be delivered to you in real-time!
- We will constantly work potential off-market listings that meet your criteria. This means notifying you of pocket listings, coming soon listings and listings that are no longer on the market.
Do I need to be pre-approved?
Yes, for a variety of reasons, Visible Homes only works with buyers who have provide a copy of their pre-approval or proof of funds. If you need a referral to a lender, please contact us.