Buy Before You Sell
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How it Works

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1. Your loan officer will submit your home for approval.

HomeLight will evaluate your current property for the program and let you know how much equity we can unlock to purchase your new home. 

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2. Make a competitive offer

Once approved, you will have access to a portion of your equity and can submit a competitive offer with no home sale contingency.

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3. Move into your new home ASAP

You can immediately move into your new home upon closing, saving you the cost and hassle of showings, moving twice, and temporary housing.

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4. List and sell your old home for top dollar

Your agent will be ready to list your home unoccupied and potentially staged to attract the strongest offers possible. After selling, you will receive the remainder of the equity, less program fees and expenses. 

Program Benefits

  • Save money by removing the Pending Sale Contingency before you submit an offer on your next home!
  • Remove your current housing expense from your Debt-to-Income ratio and increase your purchasing power
  • Secure a 0% interest bridge loan with the Equity Unlock loan, granting you .~75% of your home’s value before you sell! 
  • Buy your new home before selling your old one.
  • Move one time and avoid paying for temporary housing.
  • Skip the hassle of showing your home while you, your family, or pets are still living in it.

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Questions? We have answers

How do you determine how much equity I can unlock from my current home?

The amount of equity you can unlock is determined using HomeLight's proprietary algorithm, which takes into consideration your agent’s estimation of the home's value, current market conditions, projected market risk, borrower financials, outstanding loans, and more. You'll be able to unlock a portion of the overall equity you have in your home upfront, prior to selling the home and will receive the remainder of your equity after the home sells, less program fees and expenses.

What can I use my Equity Unlock Amount for?

You can use your Equity Unlock Amount for more than a down payment on your new home.

  • You can also use it for:
  • Moving expenses
  • Closing expenses
  • Property repair
  • And more

What if my home is already listed?

Not a problem! We consider all properties for the program regardless of days on the market. However, the total number listed days can affect your Equity Unlock Amount based on the risk profile of the property.

What if my current home doesn't sell?

HomeLight partners with top agents nationwide to make buying and selling a home simpler, more certain, and satisfying for all. We will work closely with your agent to sell your home. If your current home does not sell within 90 days of the closing of your new home, HomeLight will buy your property and continue to work with the listing agent to sell it. Any profits from the sale, after deducting HomeLight’s incurred costs and the program fee, will be distributed to you.

Sounds too good to be true. What's the catch?

There is no catch! You are paying to use the program but the savings and gains created outweighs the cost of the program.

How much does the program cost?

It's free to get started and see how much equity you can unlock. If you decide to transact using the program, there is a flat fee of 2.4% of the departing residence home sale.

Thanks to the structure of the program, you might be able to save up to 1-3% of the purchase of your new home with a non-contingent offer, and sell your existing home for up to 5-10% more³ by listing it unoccupied and potentially staged.

What makes us different?

With Buy Before You Sell, you can move into your new home before selling your current home.

  • Unlock up to $2M in home equity to use towards your down payment, moving, closing, and repair costs on your new home
  • Make a stronger offer on your next home, and save money with no home sale contingency
  • Avoid renting and moving twice
  • Maximize the sales price of your current home by listing it unoccupied and potentially staged