Worried about juggling two mortgages or moving twice? Here's how we help homeowners buy their next home first and sell for more in the process.

If you already own a home and you're thinking about making a move, this is probably one of the first questions on your mind. You need the equity from your current home. You don't want to deal with the hassle of moving twice. And the idea of paying two mortgages at the same time is stressful. It's one of the most common concerns we hear, especially from homeowners who are going through this process for the first time.

There are real solutions, and it's something we help people with every day. Here are four ways to buy your next home before selling your current one.

1. Contingent on replacement property. This means your home can only sell once you've found your next home. Your current sale is contingent on you securing a replacement property. Once you do, you double-close, meaning you close on your current home and your next home shortly after. 

You only make one mortgage payment, and you only move once. It's straightforward, and it works well for homeowners who want to keep things simple.

2. Rent back process. In this scenario, you sell your home but stay in it for a short period of time, usually a couple of weeks to about 45 days, while you find and close on your next property. The buyer allows you to remain in the home (often at no cost) so you have time to use the proceeds from the sale to purchase your next home. It gives you the funds you need without the pressure of moving out on closing day.
3. Bridge loan. A bridge loan lets you borrow against your current home to purchase your next property. This means you can make a non-contingent offer on the home you want without waiting for your current home to sell first. It's a financing tool that bridges the gap between the two transactions, so you're not stuck waiting on one to close before starting the other.
4. Our buy-before-you-sell program. This is what we specialize in, and it's the option we recommend most. We work with lenders who offer a buy-before-you-sell program at rates that are significantly lower than what most banks charge. A lot of banks charge 3% to 5% to access a program like this. Our lenders charge around 1% to 2%.

Here's why this option tends to come out ahead financially. Once you've moved into your new home, your current home is vacant. We pay for staging, and the home is easy to show. No scrambling to get the kids and dogs out the door. No dishes in the sink. No last-minute cleaning before every showing. More showings, more exposure, and a higher sale price. That's what we see consistently when a departing home is vacant and staged.

You're making more money on the sale and saving money on the purchase, and you only have to move once.

On top of that, because you've already purchased your next home, you're making a non-contingent offer. You don't have to come in higher just to offset a contingency when competing with other buyers. It saves you money on the purchase and makes you more money on the sale.

When it comes to selling your home and buying your next one without the double move or two mortgage payments, we have you covered. It's something we do regularly, and we have a number of tools and resources that make the process smoother than most homeowners expect.

If you're thinking about making a move in Greater Sacramento, reach out to our team. You can call or text us at (855) 935-6673, email us at [email protected], or visit our blog at made4morerealty.com/blog. You can always expect more and get more with Made4More Realty.