Bridge Loans

Hey Home Sellers, here's a solution to buying your next home BEFORE you sell your current one. Is the thought of selling your property before you've found a new one causing you stress? Do you need the proceeds from the sale of your current home to purchase a new one? If you answered yes, then a bridge loan may be a stress-free option that works for you. Hi, I'm Judy Ballard, with Illustrated Properties and Christies International Luxury Specialist

A bridge loan is a short-term loan allowing a homeowner access to the equity in the home they're selling in order to purchase a new one.

As a seller, your most significant advantages to a bridge loan are Convenience, Flexibility, and Competitiveness. If you need to move quickly  a bridge loan offers convenience. By having funds available to purchase your next home before you've sold your current one, a bridge loan provides flexibility. And most importantly, in a strong seller's market, most sellers are unwilling to wait for your current home to sell; therefore, a bridge loan eliminates the need for a home sale contingency making you more competitive.

If you're ready to sell, have equity in your current home, and want to know more, contact me today, and I'll connect you to a lender that will walk you through your options and determine if a bridge loan is right for you. I'm Judy Ballard with Illustrated Properties and I'm here to guide you through the entire selling process.

And as always make it a great home buying or selling day.