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This program allows clients to make a strong offer on a home without any lending or home sale contingencies, increasing their chances of closing and allowing them to move in on their own timeframe.
SAN DIEGO, CA, May 18, 2023 /24-7PressRelease/ -- Sand & Sea Investments, a leading real estate investment firm, has partnered with HomeLight, a real estate technology company, to offer an innovative solution to homeowners who are looking to sell their current home and buy a new one at the same time. The partnership involves the HomeLight Trade-In™ program, which allows homeowners to avoid the anxiety, risk, and difficulty of buying and selling simultaneously.
With the Trade-In program, HomeLight will work with homeowners' real estate agents to make an offer on their current home and guarantee it. The process allows clients to make a strong offer on their dream home without any lending or home sale contingencies, increasing their chances of closing and allowing them to move in on their own timeframe.
Once the offer is accepted, everything moves in days, not months. HomeLight will buy the homeowner's current home at the purchase price, giving them the cash to close on their new home and control when they move. HomeLight will work with the homeowner's agent to list the past home, and if it sells for more than the price HomeLight paid for it, the homeowner will receive the additional cash minus selling costs and program fees.
Financing through HomeLight Home Loans is available to homeowners who meet certain criteria, including having a credit score of 620 or above, a max debt-to-income (DTI) ratio of 43% for jumbo and 49.9% for conforming loans, and involve a single-family home, condo, or townhome. To meet criteria for the HomeLight Trade-In™ program, properties must be the primary residence, between 750-7,500 square feet, be valued between $300,000-$2,000,000, and not have been listed or sold in the last 120 days.
To apply for the Trade-In program, individuals can visit homelight.com/cash-close/trade-in-quiz and submit an application in less than 2 minutes. Let your HomeLight Trade-In certified agent know you applied, and you're all set.
Program fees and costs will be calculated based on the final selling price of the current home.
Sand & Sea Investments is excited to partner with HomeLight to offer this innovative solution to clients. The Trade-In program makes the process of buying and selling a home much easier and less stressful for homeowners, and we look forward to helping you streamline the procedure and move into a new home. For more information about the program, contact [email protected].
Sand & Sea Investments is an independent, award-winning real estate brokerage in San Diego known for its concierge-style real estate services. Advisors are selected leaders that offer outstanding service by utilizing industry-leading innovation, distinguished resources, and cutting-edge technology. Complimented by their expert negotiating certifications, advisors with Sand & Sea Investments continually out-perform the market and, in turn, exceed client expectations.
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