Low interest rates, a desire for new space during the pandemic, and low inventory have created one of the most competitive housing markets in years! Many houses are selling before they hit the market, on sellers’ terms and for thousands over asking price.

It is a great time to sell, but a somewhat challenging time to buy. If you are looking to both buy and sell, as many are, the current market can be difficult to navigate. We have the strategies you need to succeed in this competitive market!

Kerby & Cristina Strategies for Success

If an offer is contingent on a buyer first selling their home, the seller might not have the certainty they need to accept. Not in a position to buy without first selling? There is no need to worry. Our team offers several solutions that give buyers the freedom to secure their dream home as soon as it hits the market.

Option 1: Recasting with Home Equity: If clients have enough equity in their current home, one option our team offers is a mortgage recasting program with Bell Mortgage. This program allows buyers who can qualify to buy without selling (but need access to the down payment their home sale would provide) to put just 5% down when they buy. As soon as they sell their house, they can apply the equity from their home to the rest of the payment. Then, for only $500, a buyer can recast the loan to the lower monthly payment they originally wanted.

Option 2: A Mortgage Takeover: If clients cannot qualify for a mortgage without selling, our team also offers options like Onward Financing. This is a program that takes over a buyer’s current mortgage, eliminating the association that is holding them back. This leaves them free to make non-contingent offers. There are some fees associated with the program, but they are far less than the extra $5,000 to $10,000 a buyer must typically offer for consideration while contingent.

Options 3: If a buyer simply must make a contingent offer, Kerby & Cristina still have solutions. We can list a house as “Coming Soon,” to build up demand and line up showings quickly to accelerate a sale. 

How We Are Here for You

No matter your situation, our team has the experience and strategies you need to succeed in both home buying and selling to ensure a smooth process that achieves optimal results.

  • Marketing “Coming Soon” homes, allowing serious buyers to learn more before they hit the market and secure quick showings, and scheduled on your own terms
  • Providing virtual consultations with our buying and selling specialists
  • Following regular COVID-19 protocols – social distancing, masks, etc.
  • Access to Non-MLS listings within our database

The housing market is competitive, but with the power of an expert team on your side, you can win. Let our team at Kerby & Cristina help you maximize your sale and secure your dream home. Call us at 612-812-9262 or email us at Office@KerbyandCristina.com to learn more today!