Hey there, Dallas homeowners! Are you ready to take your real estate game to the next level? Imagine buying your dream home without the hassle of selling your current one first. Sound too good to be true? Well, prepare to be amazed because today we’re revealing the secret to making this real estate shortcut a reality for Texas home step-up sellers. I’m Richard Woodward from The Richard Woodward Team at NEXA Mortgage, and I’m here to guide you through this exciting journey.

The Dilemma: Selling First vs. Buying First:

We’ve all been there, contemplating the dilemma of selling our current home before buying a new one. It’s a tough decision that can cause sleepless nights and endless uncertainty. Should you wait until you find your dream home before selling? Or do you risk selling first and potentially ending up in a temporary living situation? It’s a tough call.

Personally, I understand this dilemma all too well. A few years ago, my spouse and I found ourselves in the same situation. We had outgrown our current home, but we didn’t want to rush the selling process or settle for a less desirable house. We craved a solution that would allow us to seamlessly transition from one home to another, without compromising on our dream home. And that’s when we discovered the real estate shortcut.

The Real Estate Shortcut Unveiled:

So, what’s this secret technique that lets you buy a home without selling yours first? It’s all about strategic financing and leveraging your resources. By working closely with a knowledgeable local mortgage professional like myself, you can navigate the intricacies of this approach with ease.

One of the main advantages of this strategy is that it allows you to secure your dream home before selling your current one. This means you don’t have to settle for less or worry about finding a temporary living situation. Instead, you can focus on finding the perfect home that meets all your needs and aspirations.

As a local Dallas mortgage professional, I’ve witnessed the positive impact this shortcut has had on countless professionals like you. By using this technique, they’ve managed to maintain their financial stability while upgrading their living situation. It’s truly a game-changer in the Dallas real estate market.

The Role of a Local Dallas Mortgage Professional:

Now, you might be wondering, why do I need a mortgage professional for this? Well, the answer is simple. A mortgage professional, like myself, is your key to unlocking the door to a seamless home buying experience. I have in-depth knowledge of the local market, lending options, and creative financing solutions that can help you buy without selling first.

Think of me as your trusted guide throughout this process. I’ll work closely with you to understand your financial goals, assess your unique situation, and provide tailored advice. Together, we’ll explore the best mortgage options and determine the most effective way to structure your purchase.

Secrets to Success: Tips and Strategies:

To set you on the path to success, here are a few tips and strategies that will maximize your chances of buying a home without selling yours first:

1. Find a Knowledgeable Local Mortgage Professional: Choose someone like me, Richard Woodward from The Richard Woodward Team at NEXA Mortgage. Having a local expert by your side can make all the difference.
2. Financial Preparation is Key: Take the time to review your finances, get pre-approved for a mortgage, and understand your purchasing power. This way, you’ll be ready to make competitive offers when the perfect home comes along.  I will provide you multiple options and you can select the one that works best for you.
3. Negotiate Smartly with an experienced Realtor: When negotiating, leverage your position as a motivated buyer with NO contingency. Having the flexibility to close quickly can give you an edge in competitive markets.  If you need a Realtor referral, just let me know, I work with some of the best Dallas Realtors.

Financial Preparation Strategies:

The most common strategy is to pay cash for the next home but we will assume this will not be an option.  The next best thing is to take out a HELOC or Home Equity Line Of Credit on your existing home.  This acts as a Bridge Loan or short term financing that will get paid off when you sell the exiting home or you can keep the old home for a rental. Don’t do this without talking to me first.  This could hurt your debt to income ratio and disqualify you from making your dream home purchase.

Another common way of accomplishing this dream home purchase is with a true bridge loan.  The bridge loan will encumber both your existing home and the new home with a new mortgage.  Once the existing home is sold the Bridge loan is restructured or refinanced into a new single mortgage on the new home.  These types of loans are less common and often more expensive as they normally require at least 2 mortgages and 2 sets of closing costs.  You must also be able to qualify for both loans at the same time.

The New Secret Strategy: Buy Before You Sell

I work with over 200 of the nation’s top lenders and this exclusive program is a available to my clients.  I work with a company that will help you traverse the normally stressful buying and selling process into well choreographed plan.  A tool to unlock your home equity and remove a home sale contingency, all while your agent sells your house for top-dollar.

I will approve you for your new home purchase.  Then we will work with your Realtor and using our proprietary real estate technology, we’ll evaluate an existing home, mortgage balances, and a host of other factors to provide a guaranteed backstop offer to remove the contingency and free up equity to use towards a new down payment.  

Make your offer, buy your dream home.

1. No longer bound by a contingent preapproval, you can skip the line straight to offer acceptance.
   
2. While you plan new interior designs and the kids fight to claim rooms, I’ll turn that unlocked equity into an interest-free down payment advance.
3. We’ll send the funds to the closing title company prior to closing so you can stop your worries long before you walk through the front door.
4.  Your Realtor will have 10 days after closing of your new home to prepare your old home and list it for sale.
5. Sell your home for top dollar and keep any remaining equity after the equity unlock advance and program fees are paid.
6. If your home has not sold within 3 months of listing, our partner will buy the home and pay off your old mortgage and unlocked equity you used to buy your new home.
7. Your Realtor will continue to manage the listing and when the home sells, all the excess funds will be sent to you minus any costs HomeLight took on during our ownership and, of course, the agent’s commission!
   I will approve you for your new home purchase.  Then we will work with your Realtor and our advanced technology to determine

Conclusion:

Congratulations! You’re now armed with the knowledge and insider secrets to buy a home without selling yours first. As a professional in Dallas, you deserve to upgrade your living situation without compromising on your dreams. Remember, working with a knowledgeable mortgage professional like Richard Woodward from The Richard Woodward Team at NEXA Mortgage can make all the difference in your real estate journey.  I love sharing my growing list of happy client reviews if you would like a little peace of mind. 

Don’t wait any longer! Take that leap and explore this exciting real estate shortcut. Reach out to me, Richard Woodward, and let’s navigate the path to your dream home together. Click the link for personalized advice and let’s make your homeownership dreams a reality!