Home Trade-In Options in DFW

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Can I use my current house as a down payment on a new home?

YES.

Call (469) 371-4961 to discuss the currently available home swap options.

There are a couple of ways to buy a new home and dispose of your old house without losing your sanity in the process! You can select from one of two approaches:

Buy Before You Sell – the program will BUY a new home for you with cash, allow you to move into the new home, and then wait for you to sell your old home to finalize all paperwork, allowing you to be a cash buyer, effectively using the program’s funds to buy the new home with cash.
Get a Guaranteed Offer on Your Home Before You Buy– the program will issue a guaranteed purchase offer on your old home, allowing you to go shopping for a new house without having the home sale contingency attached to your offer, and it will allow your lender to proceed with issuing you a loan on the new home.

Both programs cost about the same to use (both will cost you about 1.7%-1.9% of the new home purchase amount).

A variety of home swap programs are available in DFW (although availability can depend on zip code). These programs provide YOU with cash to go and purchase a new home using a guaranteed offer, and once you close on your new home, they will allow you to move into the new home and start preparing your old house for sale

What is the benefit of using either one of those programs?

They work to allow you to purchase your new home first and move your family and possessions to the new home
In most cases, these home swap programs will allow you to avoid having a double-mortgage while you are waiting for your old house to sell
Some of those programs will allow you to make repairs and updgrades to your old home with no upfront cost to you (you will pay for those upgrades at closing on your old house) – ask me for details
You will have several months to complete your repairs and upgrades and sell your old house
Once you sell your old house, you will pay the home swap program from the proceeds of the sale of your old house
All of those programs aim to minimize the stress, inconvenience, and financial burdens associated with selling one house while purchasing another