Skip the Contingency: 5 Ways to Buy Without Waiting to Sell

In this episode of All Things Home, we’re unpacking one of the most complex scenarios our clients face: figuring out how to buy your new home BEFORE you sell the home you already have. In today’s economic client, more of our clients than ever are slowly and patiently shopping for their dream home, thanks to limited options on the market. Every client’s worst nightmare is to sell their current home, and then not be able to find what they want to buy and being stuck with nowhere to live! This is complicated by the fact that homebuying in the Baltimore Metro remains extremely competitive - and it’s tough to be the winning buyer in a bidding war if you include a contingency in your offer that your current home must be sold as part of the deal. We’ve brought in our go-to mortgage professional, Danny Reedy with Alcova Mortgage, to share the top 5 tactics we use to help you buy your dream home FIRST - on your terms, on your timeline - and waiting to sell your current home until you dream home is 100% secured! We’ll talk you through methods for qualifying for both mortgages at the same time, turning your current home into a rental, securing a 3rd party “guaranteed offer” on your current home to remove the need for a home sale contingency, a little-known practice called recasting your mortgage (it’s like a refi, but better!), and using home equity lines of credit (you’ll hear us say HELOC a lot) to make things smooth and on your terms. As you listen to this episode you’ll hear that there are quite a few options that will most likely apply to you, and sorting out which one is best is best figured out in close conjunction with a lender and our team. Please reach out to us ([email protected] ) or Danny ([email protected] ) to start a conversation as to how to position yourself successfully for that right house when it comes along! Let's Connect! Follow Tina on Instagram: @tinabeliveau Follow The Beliveau Group on Instagram: @beliveaugroup Explore resources and get to know The Beliveau Group of EXP Realty at: www.thebeliveaugroup.com Let’s work together! Don’t make a move without us. Email [email protected] to connect about buying or selling anywhere in the world Call or text us directly at 443-595-7535 (Broker: 888-860-7369)