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  • Writer's pictureMegan Kilmer

3 Ways to Make a Move and Buy a Home Before You Sell!

Howdy, homeowners! Are you ready to make a move? Feeling stuck with a house full of equity but low on cash? Well, guess what? You can purchase a new home even before you've sold your current one! I know it sounds too good to be true, but fear not. Today, we're diving into three fabulous strategies that will help you navigate this situation with ease and confidence. So get ready for a stress-free real estate experience. Let's go!

Option 1 - Bridge Loan: Bridge to Close Picture yourself building a bridge between your current home and your dream home—introducing the bridge loan! Here's the lowdown:


  • Speedy home purchase: With a bridge loan, you can secure financing for your new home pronto, ensuring you don't miss out on your dream abode in a competitive market. We're talking about getting you from contract to close in about 11 days!

  • No more contingencies: Say goodbye to contingencies! With a bridge loan, you can make a non-contingent offer, making you the superstar in the eyes of sellers. It's almost like making a cash offer, leveraging the equity you already have.


  • Bridge loans may have higher rates, but the trade-off is worth it. Yes, the interest rates may be slightly higher than a traditional loan, and there are origination costs to consider. But hey, when you think about it, it's a small price to pay for the quick resolution once your primary residence sells. In California, where home sales tend to complete within 60 days in 2023, let's discuss your property and sales timeline to help weigh your options.

  • The possibility of juggling two mortgages: Balancing the financial responsibilities of two mortgages until your current home sells can be challenging. But fear not! With a trusted professional by your side, you can be confident that your home will sell within your desired timeline.

Option 2 - Leverage an Offer on Your Property: Unlocking New Doors Did you know that you can leverage a current offer on your property to move into a new home? Ready to unlock a world of possibilities? Let's explore:


  • Be the offer champion: With a contract in hand, you can confidently make offers on new homes without worrying about selling your current property first. This gives you a significant edge over those dealing with lengthy loan periods. As a diligent buyer, you can potentially close in just 15-21 days!

  • Lightening the financial load: Once you've secured a contract, you can use the expected proceeds as a down payment or collateral for a new loan, making your journey to a new home much more manageable. This option is especially helpful if you're having a hard time saving for a down payment.


  • Timing is everything: Keep in mind that there's always a small chance the sale of your current property may hit a roadblock. However, when you work with a trusted professional who brings you a bonafide contract, you're setting yourself up for success.

  • In this bananas market, most sellers prefer non-contingent offers. But don't worry! There are still plenty of amazing homes and sellers who will consider this small contingency a better offer than a traditional loan. You've got this!

Option 3 - Submitting a Contingent Offer: A Safety Net with Negotiating Pizzazz Let's add a pinch of caution with a contingent offer—your very own safety net with a twist. Here's the traditional way to buy a home before you sell:


  • Peace of mind: A contingent offer provides a safety net, ensuring you won't end up owning two properties simultaneously. So go ahead and sleep soundly.

  • Dance of negotiations: A contingent offer gives you the freedom to sway and negotiate the terms of the sale, including timelines and potential price adjustments. Remember, staying positive and appealing to logic during negotiations is key. Once you're in contract, problem-solving becomes a breeze.


  • Non-contingent envy: Most sellers prefer non-contingent offers. However, there are plenty of sellers who appreciate the unique circumstances and are eager to join you on this exhilarating journey.

  • Keep in mind that your negotiating power may be slightly limited. With low inventory and the stability of home prices in California, even amidst economic stress, prices aren't dropping significantly.

So, what's your favorite idea for buying a home before you sell?

Now that you've discovered three thrilling ways to buy a home before you sell, it's time to dive deeper into your unique circumstances. Reach out today, and together, we can uncover the perfect path for your journey. As always, I strive to bring you an stress-free real estate experience! Text now to 831-888-7530 to discuss which thrilling option is right for you!

Happy house hunting, fellow homeowners!

Megan Kilmer is a Santa Cruz County local with a passion for housing. Megan has a background in Social Services and is an expert on goal setting and motivation. With a wide network of trusted local resources, she is a problem solver! Need to buy, sell, lease, manage, or finance a real estate project? She's got you! Call for a free Real Estate Consultation 831-888-7530


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