Buy Before You Sell: Unlock the Easy Button for Home Trading

Buyer & Seller Series

Buy Before You Sell: Unlock the Easy Button for Home Trading

Are you contemplating selling your current home and buying a new one, but the traditional process seems daunting? HomeLight's Buy Before You Sell program, available in Sacramento, California, might just be the solution you've been waiting for. In this blog, we'll explore how this program works and how it can make your home transition smoother and more financially rewarding.

  1. Get a Guaranteed Offer from HomeLight

The process begins with you receiving a guaranteed offer on your current home from HomeLight. This guaranteed offer represents the price you will be paid for your home when you're ready to move into your new one. Say goodbye to uncertainties and waiting—it's a game-changer.

  1. Make a Winning Offer on Your New Home

With HomeLight's guaranteed offer in hand, you'll be well-prepared to make a winning offer on your dream home. What makes this even more attractive is that you won't have to deal with lending or home sale contingencies. This competitive edge can increase your chances of securing your ideal property and allows you to close on your own timeline.

  1. Move in on Your Schedule

Once your offer on the new home is accepted, everything aligns seamlessly in days, not months. You'll receive the cash needed to close on your dream home, and the best part is—you have control over when you move. No more waiting around; your schedule becomes the priority.

  1. Keep All the Upside

When you vacate your old house, HomeLight steps in to refurbish it, making it shine like a new penny. If your old house sells for more than the guaranteed price, you get to pocket the extra cash. It's a win-win situation where you benefit from the increased value.

What It Costs

You might be wondering about the costs involved in this convenient process. In addition to standard real estate commissions, closing costs, and repair expenses, there's a fee that typically amounts to about 1.5% of the home you are selling. However, most clients find that they can recover some or all of this fee by making a stronger non-contingent offer on their new home and fetching top dollar for their vacant and polished old home.

Here's a breakdown of the typical costs for a HomeLight Trade-In:

  • Market Valuation: $800,000
  • HomeLight Guaranteed Price: $720,000
  • Estimated HomeLight Trade-in Fee: ($12,000)
  • Estimated Commissions, Closing, and Repair Costs: ($88,000)
  • Estimated Loan Payoff: ($343,000)
  • Equity for New Home Purchase: $277,000
  • Actual Sales Price: $830,000
  • Actual HomeLight Trade-In Fee: ($12,450)
  • Actual Commissions, Closing, and Repair Costs: ($72,210)
  • Additional Proceeds After Market Sale: $97,550
  • Total Equity Received from Sale: $374,550

As you can see, the program can lead to a substantial gain in equity, making it a smart choice for those looking to trade-in their homes hassle-free.

About HomeLight

HomeLight is a technology-driven real estate firm based in San Francisco, backed by venture capital. Their mission is to empower individuals to make informed decisions during significant life moments, especially in real estate transactions.

About All City Homes

All City Homes, co-founded by industry leaders Roy Machado and Serina Lowden, comprises a team of top-performing local professionals deeply committed to addressing the needs of their clients. They understand that community is crucial in real estate.

In conclusion, HomeLight's Buy Before You Sell program, in partnership with All City Homes, offers a revolutionary way to navigate the real estate market in Sacramento, California. Say goodbye to uncertainty, make winning offers, and enjoy the convenience of moving on your own schedule while maximizing your financial gain. It's the easy button you've been waiting for in the world of home trading.

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