Buy Before You Sell Program is a great solution for homeowners who want to avoid the stress and time consuming logistics of trying to sell their current home and purchase a new one at the same time. By buying a new home first and then selling the old one, it eliminates the need to find temporary housing between moves, pay two mortgages at once, or place furniture in storage.

A buy-before-you-sell program allows homeowners to unlock their equity in their existing homes to use toward a down payment on a new property. This makes buyers more attractive to sellers and reduces the risk of losing a deal when their current home does not close in time to make a move on a new home. In addition, a buy-before-you-sell program can allow homeowners to use their equity advance to make improvements to their existing property, which can improve the home’s market value and make it more attractive to potential buyers.

Buy Before You Sell Program: How It Works and Why It’s a Game-Changer

However, there are a number of factors to consider before deciding on a buy-before-you-sell solution. For example, many buy-before-you-sell programs come with service fees that can be up to 6% and are only available in select markets. Additionally, they require that the home buyer work with a specific agent who may be unable to negotiate rates and commissions.

For these reasons, it’s important to explore alternative options for affording a new home before committing to a buy-before-you-sell programme. In this article, we will discuss the pros and cons of buy-before-you-sell programs, learn how they work, and discover alternative ways to afford a new home without having to sell your current one.