Discover Your Perfect Home with Highpoint Real Estate
Welcome Buyers
Whether you're looking for a cozy home or a sprawling estate, we're here to help you find your ideal property. Our experienced agents provide personalized service and expert guidance throughout the buying process. Click below to download our Buyer's Guide.
Ways to Buy a Home While Owning Your Current One
Buy Before You Sell
Buy with a Sale Contingency
Buy with a Sale Contingency
If convenience is your top priority, this is the best option. Buying before selling allows you to move into your new home before listing your current one, reducing the hassle of showings and making your move seamless.
Fairway Loan:
-Single closing
-5% cash down
-Lower fixed interest rate than a Bridge loan
-Minimal finance fee (typically a
If convenience is your top priority, this is the best option. Buying before selling allows you to move into your new home before listing your current one, reducing the hassle of showings and making your move seamless.
Fairway Loan:
-Single closing
-5% cash down
-Lower fixed interest rate than a Bridge loan
-Minimal finance fee (typically around $350)
Bridge Loan:
-Two separate closings
-No down payment required
-Higher adjustable interest rate and financing fees
HELOC:
-Home Equity Line Of Credit
-Required fee is a small percentage of the loan amount
All three of the above loans require carrying two mortgages for a short period of time.
Buy Now, Sell Later Programs:
-No need to carry two mortgages
-Higher monthly fees based on the purchase price of your new home
Reverse Mortgage:
-This loan is only available for people 62+
Buy with a Sale Contingency
Buy with a Sale Contingency
Buy with a Sale Contingency
This option allows you to purchase a new home while making the sale of your current home a condition of the purchase.
Pros:
-No need to carry two mortgages at once
-Closings can often be coordinated for the same day or close together
Cons:
-Weakens your offer in a competitive market
-Requires selling your current home within a short timef
This option allows you to purchase a new home while making the sale of your current home a condition of the purchase.
Pros:
-No need to carry two mortgages at once
-Closings can often be coordinated for the same day or close together
Cons:
-Weakens your offer in a competitive market
-Requires selling your current home within a short timeframe
-Less attractive to sellers, which may make it harder to get your offer accepted
Sell Before You Buy
Buy with a Sale Contingency
Sell Before You Buy
Selling first can put you in a strong financial position, giving you flexibility in your next home
purchase.
Pros:
-Makes your offer more competitive, as you’ll likely have cash from your home sale
-No risk of carrying two mortgages
Cons:
-May require temporary housing while searching for your new home
-Need to keep your home show-ready while living in it
-Requires moving twice