How to Buy Before You Sell with HomeLight & The Jill Smith Team
You’ll get a guaranteed offer price for your home from HomeLight, so you can move forward with confidence. If your home hasn’t sold within 90 days after the closing on your new home, HomeLight will step in and purchase it for the guaranteed offer price. Now you can secure a loan for your new home without any home sale contingency because you’ll have a guaranteed offer from HomeLight.
When you’ve found the home of your dreams, you’ll be ready to make an offer with no home sale contingency. This means you’re more likely to close and can do so on your own timeline. Want to tap into the equity you have in your current home? HomeLight can provide a downpayment loan on your new home.
Once your offer is accepted, everything comes together in days, not months. You can move into your new home immediately upon closing. Worried about covering two mortgages? HomeLight can advance funds to cover the mortgage payments on your old home until it sells at no added cost.
You and your agent will list your prior home within 10 days of closing on your new home. If the home doesn’t go under contract within 90 days after the closing on your new home, HomeLight will purchase your home for the guaranteed offer price. We then work with your agent to re-list the home. If your home sells for more than the guaranteed offer price, you’ll receive the additional cash after program fees and costs.
Down payment loan costs to cover the mortgage payments and other expenses such as insurance, taxes and HOA dues on your current home until it sells HomeLight’s program fee is dependent on the lender you use. We are currently offering introductory pricing of 2.2% (flat fee) of the sale of your client's current residence with a 1% rebate back to the buyer if they use HomeLight Home Loans as the lender on the new home purchase.
The following add-ons are optional and come at NO additional cost to you! HomeLight is fronting you the cash for these services from the equity you hold in your current home and you will reimburse us for any of these costs when your home sells: Down payment loan, costs to cover the mortgage payments and other expenses such as insurance, taxes and HOA dues on your current home until it sells.
Fees apply. The fee is dependent on the lender you use. HomeLight, Inc. CA DRE #01900940 | Eave, Inc. DBA HomeLight Home Loans NMLS # 1529229 Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act | (844) 882-3283 | homelighthomeloans.com