Moving into a new home can be exciting, but the logistics? Not so much. Between selling your current place, financing your next one, and physically relocating your life, the process can get overwhelming fast. Fortunately, there’s a smarter, more seamless way to make the move. Programs like HomeLight’s Buy Before You Sell Program and financing options like bridge loans are making it easier for homeowners to transition into their next chapter without the stress of moving twice or rushing through a sale.
Consider Buying Before Selling
One of the biggest challenges homeowners face when relocating is timing. Should you sell first or buy first? Selling first means you might have to rent or store your belongings while searching for a new place. Buying first typically requires significant cash or financing flexibility.
That’s where HomeLight’s Buy Before You Sell Program comes in. This program allows you to unlock the equity from your existing home and use it toward your next purchase, without waiting for your current home to sell. According to HomeLight, the process involves three main steps:
- Unlock Your Equity: HomeLight will assess your property and determine how much of your equity can be tapped through HomeLight Home Loans, Inc.
- Purchase Confidently: You can then use those funds to make a strong offer on your new home, without needing a sale contingency clause.
- Sell with Less Stress: Your agent can list your old home once it’s vacant, maximizing its appeal and potentially securing a better offer.
This approach offers major advantages: it prevents you from having to move twice, lets you make competitive offers in tight markets, and allows for a more flexible sale timeline.
Bridge Loans as a Financial Tool
Another strategy for buying before selling is to use a bridge loan. As defined by the Corporate Finance Institute, bridge loans are short-term loans that help cover the down payment and upfront costs on a new home while your current home is still on the market. These loans typically allow borrowers to access up to 80% of the combined value of both properties.
Bridge loans are especially useful when sellers won’t accept an offer with a contingency. However, they come with higher interest rates and short repayment windows, so it’s important to work with a lender to determine if it’s the right fit for your financial situation.
Tips for a Smoother Move
- Start With a Plan: Make a timeline for packing, hiring movers, and scheduling closings.
- Declutter First: Sell, donate, or toss what you don’t need before packing.
- Label Everything: Save time and confusion by labeling all boxes clearly.
- Schedule a Home Appraisal Early: If you’re planning to use equity or secure financing, you’ll need a home valuation. Many services now offer tips on how to get a home appraisal for free—check with your lender or agent.
- Expect the Unexpected: Leave buffer days in your schedule in case something gets delayed.
Final Thoughts
Moving doesn’t have to be a stressful juggling act. With tools like bridge loans and programs like HomeLight’s Buy Before You Sell, you can gain the financial flexibility and peace of mind to move on your terms. As of Q1 2025, HomeLight reports that 71% of loan officers have observed more buyers embracing flexible financing, like fixer-uppers and nontraditional loans, showing a shift toward adaptability in today’s market. Whether you’re relocating for work, family, or a lifestyle change, having a smart plan—and the right financial tools—can make all the difference.
