Your basic answer
Here is what your numbers point to.
You already told us the basics on the form. This page gives you a plain-language read on whether buying before you sell is likely to work for you, and what to do next either way.
While you shop, Jim Blair lists your house
Jim Blair of Haymore Real Estate lists your house with a strategy to get you top dollar. His team handles the listing side, the showings, the pricing, the negotiating, while you focus on finding the next place. You are not doing two jobs at once.
Questions people ask before they book a call
Will this hurt my credit?
No hard credit pull is required to get your numbers.
Do I lose my agent?
No. You keep your agent and your search. Jim’s team handles the listing side on your current home.
What is the backup contract?
A signed floor price on your current house, with an end date. The house still lists on the open market to get top dollar. The backup contract is the safety net underneath it, the thing that lets the lender stop counting your old mortgage against you while you shop.
What does it cost? What do I pay upfront?
Nothing is collected upfront. Full terms are shown to you before you commit to anything.
How fast is this?
Your numbers usually come back within a day. The backup contract stays in place for about six months, with flexibility on the exact window.
Where does this work?
Metro areas. It is not available in Alaska, Washington DC, or New York.
How much equity do I need?
Around 25 percent in your current home, as a general line.
What happens if my house sells for less than the agreed price?
That is on us, not you. If it ever comes to us buying your house and we resell it for less than we paid you, that is our loss, not yours. And you pay nothing up front either way.
Arizona Loan Originator License LO-2004685, Chase Kelly, NMLS ID# 2535920.