There’s no doubt that we live in a constantly changing world. Around this time last year, you would see 50 offers on a single house with half of those well over asking price. Selling your home in order to buy a new one was an afterthought. The idea of having a home sale contingency would be considered laughable. A house sitting on the market for 3 days could be considered an expired
O how the tide has turned! Recent analysis shows that homes spent an average 50 days on the market as of May 2023. That means, once you have identified your new dream home, you would still have to wait roughly 2 months before even entertaining making a competitive offer. Home sale contingencies are
Fortunately, the brilliant minds here at Flexcap have discovered a solution: the Trade Up. Rather than wait for your home to sell, we can buy it from you in as little as 14 calendar days! The idea is to buy and hold your home, so you can unlock your equity. In addition to that, we want you to retain full market value. You and your agent of choice keep full control of the resale process. We want you to sell your old home for as much as possible and not miss out on buying your new one!
There is none! The process is extremely simple. We buy your old home with a large upfront, lump sum (approx. 70% of the estimated market value minus our fee, closing, and carrying costs) and you keep all the upside (minus your realtor’s commission and closing costs) upon your home closing to the final buyer. There’s a 1.9% (2.4% if you elect to not use Highlands Residential Mortgage for your mortgage needs) transaction fee based off the either the old or new home. The only other cost would be our carrying costs (1.125%), which are accrued every 30 days (prorated) we hold your home (this is not a fee, it’s simply the carrying costs we incur and is paid out of pocket).
You may have heard of other companies, offering similar solutions wanting to buy your home. Some will offer you 65% of market value or may be willing to buy you your next home so you can rent it from them until your old home sells. Many of them only allow you to work with their agents and also have limited-service areas.
We are active nationwide, allow you to choose your own agent, and have a simple, onetime fee
Our goal is to get your home sold in the first 30 days it hits the market. We want you to get the most value for it and help you and your agent source potential buyers. We can get loan approval within 48 business hours. Additionally, we can offer 0.5% lender credit to the future buyer of your old home!
Other questions? Want to learn more?
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We can help you realize your dream of a new home