Financing

Maximizing Equity

If you’re here; then you are considering selling your home, purchasing another, and in need of a mortgage. If you’re like most of us; you need the equity of your current home for the down payment on a new home.  And many of us can’t afford or do not want to pay, a double mortgage payment.

List Ready Renovation Proudly Offers These Solutions:

BUY BEFORE SELL: This suite of products allows you to spend your time where it counts, finding a new home you love! A strong cash and/or non-contingent offer is presented. Close in days, if you choose, and skip the showings on your departing home. List Ready Renovation will renovate, list, and sell your departing home for top dollar!

You submit a cash offer, no contingencies.  You complete all the inspections, and Cash Advantage Reserve completes the cash purchase in their name, reserving the home for you.

Move into your new home and work with List Ready Renovations to complete the improvements to your departing home, selling it for top dollar.  You’ll purchase your reserved new home back from Cash Advantage on the day of your departure sale.

You submit a cash offer, no contingencies.  You complete all inspections, and the Cash Advantage Signature loan will advance to you 95% of the funds needed to purchase the home.  You supply the remaining 5% down and close with cash in your name.

 

Move into your new home and work with List Ready Renovations to complete the improvements to your departing home, selling it for top dollar.  You’ll re-finance the signature loan into a traditional loan that aligns with your home loan goals.

 

No monthly payment; interest will accrue and be collected at refinance.

You’ll submit an offer with financing but no sale contingency.  Equity Advance will advance up to 75% of the equity in your current home for use toward purchasing your new home.  Further, a pre-determined guaranteed sale price on the departing home is offered (assuming the departing home does not sell in 120 days) - allowing you to qualify for your new home without accounting for the mortgage payment on the departing home.

 

There is no interest nor payment due on the Equity Advance.

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How Do I Qualify for Any of The Buy Before Sell Programs?

Our Mortgage Specialist, Kathy Nau is well-versed and very experienced in providing these financing solutions.  She’ll provide in-depth information on:

  • Program requirements
  • Qualifying
  • Cost
  • Terms
  • Timeline
  • Expectations

To formally approve you for the Buy Before Sell program, a formal application is submitted along with supporting documents for income, assets, and credit.  The formal approval is a process that can be completed within 24 hours in most cases.  Written loan and program disclosures are provided to you.  And the best part, the credit report is good for 120 days.

There is no cost nor obligation to complete the program approval.

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Why Would I Use
Buy Before Sell?

  • Move once!
  • Buying first assures you purchase the home you want so you don’t feel rushed into buying a less desirable home.
  • Get the home you want by removing contingencies.
  • You avoid inconvenient showings, keeping your home “showroom” ready, especially challenging with children and/or pets.
  • Remove the attempt to “time” your departing sale and new purchase as “back-to-back” closings.
  • List Ready Renovation can quickly complete repairs and renovations –eliminating the need for your schedule and lifestyle disruption.
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How Much Does It Cost to Use Buy Before You Sell?

  • The Cash Advantage Reserve program fee is 1.9% of the new home purchase price and a Deferred Occupancy Cost is calculated for the period between Move In and Buy Back.
  • The Cash Advantage Signature program fee is 1.9% of your new home sales price.  
  • The Modern Bridge program fee is 2.4% of your departing home sales price.

How Do I Get Started?

For more specific details on the Buy Before Sell suite of programs; or just seeking an evaluation on mortgage financing in general, click here to reach Kathy Nau, Financing Consultant. You can also contact Kathy directly at [email protected] or by calling (303) 668-2100

Wanting more information on your home’s initial valuation or the array of improvements available to sell your home for top dollar – book a consultation with List Ready Renovation.

Let's Work Together

We’re your experts guiding you through smart improvements to maximize your home’s value. We simplify the renovation and real estate process, with a goal of having your home Listing Ready in 30 days; getting you the most from your home!

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