A Better Way to Buy and a Simpler Way to Sell

By W. Todd Galde, CrossCountry Mortgage, LLC

It’s not so hard to buy your next home before selling your current one!

“Should I buy before I sell?” is one of the most common questions I receive as a mortgage professional. While the answer hasn’t always been easy, new loan options have made buying before selling more beneficial than ever before.

Reasons for buying before selling: Everyone’s circumstances are different. But buying before selling has its advantages, especially for people in the following situations:

Moving down: Seasoned homeowners looking to purchase in a retirement community, be closer to the grandkids, or just have a smaller single-story home with less maintenance.

Moving up: Soon-to-be new parent?

Purchase a larger home before selling the current house to deliver a smooth and unrushed experience for mom and baby. Moving over: Make the move to another state before having to sell the current home, then embark on the road trip under your terms.

Moving out: Soon-to-be divorced?

Refinance the departing spouse off the loan or buy the new home before the spousal and child support are usable for conventional financing.

A simple process: Buying before you sell takes four easy steps:

1. Buy your new home before listing your current home

2. Move into your new home at your leisure

3. Renovate, stage, and sell your old home for top dollar

4. Tell everyone how easy it is!

Should you buy before you sell?

If your situation is the right fit, we can originate a short-term bridge loan against your new property, existing property, or both – making sure you get from here to there as smoothly as possible. Benefits to this homebuying approach include:

• Preview homes you want to buy now

• Make non-contingent offers in a competitive market

• Stay in your current home while remodeling the new one

• Avoid interim expenses

• List your home fully staged to increase the resale price

You can do this – and we can help: At CCM, we provide fast and simple solutions for homeowners. If you have substantial equity in your existing home and want to buy a replacement before having to sell or even list it, we’re ready to get it done. Contact us today to get started!

Todd Galde VP, Sr. Mortgage Advisor CrossCountry Mortgage,

LLC

6101 Bollinger Cyn Rd, Ste 301 San Ramon, CA 94583

NMLS256864

Call/Txt: 925.381.8190

Todd.Galde@ccm.com

Equal Housing Opportunity. All loans subject to underwriting approval. Certain restrictions apply. Call for details. CrossCountry Mortgage, LLC. NMLS3029 (www.nmlsconsumeraccess.org). Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act.

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