clear home sale contingencies and access equity…

One of the biggest challenges for move-up buyers is simple:

“How do I buy my next home when the money for my down payment is tied up in my current home?”

Traditionally, that meant selling first or making the new purchase contingent on the sale of the departing residence.

Most of us know about bridge loans, but they can be EXPENSIVE.

But there are now Buy Before You Sell solutions that can allow qualified homeowners to access a portion of their existing equity before their current home sells, typically at a cost well below traditional bridge loans.

BBYS can provide the funds needed for the next purchase while allowing the buyer to make a much stronger offer without a home-sale contingency.  In most cases there is NO PAYMENT on the equity advance, and the BBYS team will make a cash offer on the current residence that clears the home sale contingency.

BBYS may be the lower cost creative solution you need to help secure your next offer.

Todd Sevier | Otter Mortgage Team | Charleston SC
Director of Joy

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