: Closings are often coordinated for the same day, preventing temporary housing costs.
: You avoid the hassle of staging, showings, and open houses while living in the home. home builders buy your existing home
While every builder varies, the process generally follows one of these structures: : Closings are often coordinated for the same
: You typically stay in your current home until the day your new one is ready. Home builders often offer programs to buy your
Home builders often offer programs to buy your existing home—commonly called or Buyout programs —to remove the hurdle of selling before you can move into a new construction. These programs typically function as a "guaranteed sale," ensuring you aren't stuck with two mortgages. 1. How These Programs Work
: By securing a buyout offer, the builder treats you as a "non-contingent" buyer, allowing you to lock in a new construction contract immediately. 2. Common Benefits
: Some programs allow you to access your home’s equity early to use as a down payment or to pay off debt for loan approval. 3. Key Trade-offs to Consider Trade Your Home - Granite Ridge Builders