Are Buy Before You Sell Programs Worth It?
AuthorKelsey Heath. Date:
Navigating a sale and purchase of a home at the same time isn’t easy. You need to align closing dates, manage finances, handle contingencies and any real estate agent will tell you that if it seems difficult, it’s going to be even harder than you anticipated. A buy-before-you-sell program can help alleviate some of the time pressure. But are these programs really worth the cost? In this article, we’ll break down how they work, their advantages and drawbacks, and whether they make sense based on different scenarios. What Are Buy Before You Sell Programs? A Buy Before You Sell (BBYS) program is a short-term financing option that helps homeowners purchase a new home before selling their current one. Real estate companies, mortgage lenders, and financial technology platforms like HomeLight and Homeward offer these programs to bridge the gap between buying and selling. For a cost, BBYS programs eliminate the stress … Continued
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