How to Buy a House Contingent on Selling Yours: 4 Paths to Success
As a homeowner, there’s a good chance that your next move will involve two major decisions at once: selling your current home and buying a new one. If you’ve found yourself in this complicated situation, know that you’re not alone: 51% of all buyers owned a previous home, according to a 2024 National Association of Realtors (NAR) report, and 59% said that finding the right property was the most difficult step of the home buying process. Start Making Offers Without Waiting to Sell Your Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Buy Before You Sell Should you prefer not to use a home equity line of credit (HELOC) or a bridge loan to purchase a new house before selling your current one, your real estate agent might recommend including a home sale contingency in your offer. This means that if you’re u...