Should You Rent Your Old Home Instead of Selling Before You Buy?

Should You Rent Your Old Home Instead of Selling Before You Buy?

Keeping your current home as a rental instead of selling it can solve your buy-before-you-sell timing problem in a completely different way than a bridge loan or rent-back agreement — but it turns you into a landlord, with everything that comes with it, not just a seller waiting on a closing date. Short answer: Renting out your current home instead of selling it can provide ongoing income and ...

Rent-Back Agreements: How to Stay in Your Home After Closing

Rent-Back Agreements: How to Stay in Your Home After Closing

Selling your home doesn't always mean you're ready to move out the same day escrow closes. A rent-back agreement solves exactly this problem — letting you access your sale proceeds while buying yourse ...

How Much Equity Do You Need to Buy Before You Sell?

How Much Equity Do You Need to Buy Before You Sell?

Before you get attached to the idea of buying your next home before your current one sells, there's a math problem worth solving first: do you actually have enough equity to make it work? The answer d ...

Home Sale Contingency vs. Bridge Loan: Which Gets Your Offer Accepted?

Home Sale Contingency vs. Bridge Loan: Which Gets Your Offer Accepted?

Buying your next home while still owning your current one comes down to a fundamental choice: protect yourself financially with a contingency, or pay for speed and certainty with a bridge loan. Neithe ...

What Is a Bridge Loan, and Should You Use One to Buy Before You Sell?

What Is a Bridge Loan, and Should You Use One to Buy Before You Sell?

Finding your next home before your current one sells creates a real financial puzzle: how do you fund a down payment when most of your money is tied up in a house you haven't sold yet? A bridge loan i ...