To avoid a contingent sale of buying a new home while selling your existing home, you need to work with one realtor and one lender. Because this lender is going to buy the mortgage of your existing home and help you finance your new home, you will actually save money and get a better rate. This makes sense, because if you ever purchased 2 for 1 at a store, you get a discount. Obviously real estate is a much bigger transaction but the same principle applies. Erin King works closely with a network of mortgage lenders to ensure his clients receive the absolute best, lowest interest rates and terms. Interest is not the only concern, which is why Erin King only works with lenders that allow your current (OLD) house to sit dormant for months before being sold. This nearly reduces your risk down to virtually 0%, the lowest possible, while still being able to finance and move into your new home immediately. And because you are working with ONE master Realtor, Erin King has a vested interest in seeing the deal completed start to finish. This means the absolute best interest rates, sale price on your new home, and sell price on your existing home.
Contingent home buying is good if you truly want to rent for 6 months to a year, but savvy families who want to buy absolutely love this new strategy and process. Need to make a few small repairs, upgrades and paint for your OLD home? Perfect, your one new lender allocates funds towards renovations necessary for you to bring it to the market, or you can simply sell as is…but that is not the main focus. You need and want to get into your new home. Your existing mortgage is not stopping you from achieving this using Erin King’s proven strategy (just read his testimonials and ask for references). If you qualify for financing for your new home, Erin King will work closely with you to ensure you get financed out of your old mortgage, buy your new dream house, save money, time and NOT have multiple moves during the next few months…. while saving your marriage, friendships, and your lower back in the process.