How to buy WITHOUT needing to sell first

How are you supposed to BUY without needing to sell your house? Chris and I explain...

You're a homeowner in the Seattle area. But, you want to up-size or down-size. In a market where the average price points are higher than they were when you bought the house, how can you possibly BUY without needing to SELL first?! Well, Chris Lord of Caliber Home Loans and I explain...


First thing's first.... talk to a lender!

  • A lender can help analyze your situation -- how much equity you have, etc. and determine feasible solutions to guide you in the starting direction.
  • They're going to look at how much down payment, etc, to see if you can qualify holding both mortages. Most times you can.

What if I don't have a downpayment?

  • Most of the time, the downpayment is coming from the sale of your home.
  • In this case, Chris would look at tapping into your equity and getting a line of credit to use toward a downpayment.

What if I don't qualify for the conventional mortgage?

  • If you don't qualify for any of these programs, then we can do what's called a "Bridge Loan."

  • This is taking your current residence and taking it as collateral for a purchase of your new residence.

End all be all? Buy CONTINGENT on your sale.

  • While this may be tricky in a hot market like Seattle, it is possible and has worked.

  • Buying contingent means that you put an offer in, contingent on the sale of yours. 

  • While this isn't IDEAL (because timing can get pretty crazy), it is possible and has worked for me and my clients.

Are you thinking about starting your home buying journey? Reach out, we can help you.