Home Builders Buy Your Existing Home 〈4K〉

: The builder (or a partner company) buys your home outright at a predetermined price, usually shortly before you close on your new home.

: You typically stay in your current home until the day your new one is ready.

: Closings are often coordinated for the same day, preventing temporary housing costs. home builders buy your existing home

: You avoid the hassle of staging, showings, and open houses while living in the home.

: The builder lists your home through their preferred brokerage. If it doesn't sell by your new home's completion date, the builder’s partner buys it from you for a guaranteed backup price. : The builder (or a partner company) buys

: By securing a buyout offer, the builder treats you as a "non-contingent" buyer, allowing you to lock in a new construction contract immediately. 2. Common Benefits

Home builders often offer programs to buy your existing home—commonly called or Buyout programs —to remove the hurdle of selling before you can move into a new construction. These programs typically function as a "guaranteed sale," ensuring you aren't stuck with two mortgages. 1. How These Programs Work : You avoid the hassle of staging, showings,

While every builder varies, the process generally follows one of these structures: