Are you thinking about buying a new home, but need to sell your current home first? In this current market those types of contingent offers just aren’t as appealing to sellers.

San Diego real estate agent Jeremy McHone talks about the program he has partnered with, that will allow you to sell your current home AFTER you buy your new home.

Are you thinking about buying a new home, but you have to sell your current home first? Well, that's not going to be a very appealing offer to most home sellers. Fortunately, I've partnered with a company that will allow you to sell your current home after you buy your new home.

I want to talk to you about that situation. It's called a contingent offer. The good news is that inventory in San Diego is down about 50% right now and interest rates, while they're starting to tick up, are still at historically low rates. What that means is that it's a great time to sell your home because it's a sellers market and it's very competitive and you're likely to get a lot of offers on it. The bad news is because inventory is down about 50% right now, and interest rates, while ticking up are still at historic lows, a lot of buyers are coming into the market right now, making it very competitive, which means that when it comes time to buy your new home, if you're placing an offer that's contingent upon selling your home, it's not going to be as attractive as a lot of these other buyers that don't have that contingency.

In order to avoid having that contingent offer this market, traditionally, there's been two options. The first one was to place your offer even though you have to sell your current home and just not put that contingency in the contract and hope that nothing goes wrong with the sale of recurrent home. The other option would be to sell your current home, move into a rental, and then start looking for your new home and hope they don't get stuck there for too long. If you don't like either of those two options, you're not alone.

That's why we have a program that will allow you to sell your current home after you close on your new home. I need the equity from my current place to buy my next place. Not a problem. We will get you a guaranteed cash offer that will only close if you choose and when you choose, and this will allow you to unlock the equity on your current property and invest it into your new property. Then after you close on your new home and move out on your timeline, we will put your old home on the market.

Here's the best part. Once your home's on the market, you'll still get to call the shots. You get to negotiate with the buyers and you get to select the offer that we end up accepting. If it ends up selling for more than we expected, which happens a lot in this market, you still get to keep all that excess equity. I know it sounds too good to be true, but it's actually a really great program.

If you have questions or you'd like to just see how it works or see if it'd be a good fit for you, drop a comment below or give me a call Jeremy McHone at 619 971 0791.

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