Home Builders Buy Your Existing Home π π
: You typically stay in your current home until the day your new one is ready.
: 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 buy your existing home
Home builders often offer programs to buy your existing homeβcommonly called or Buyout programs βto 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 typically stay in your current home
While every builder varies, the process generally follows one of these structures: home builders buy your existing home