While every builder varies, the process generally follows one of these structures:
: You avoid the hassle of staging, showings, and open houses while living in the home. home builders buy your existing home
: You typically stay in your current home until the day your new one is ready. While every builder varies, the process generally follows
: Closings are often coordinated for the same day, preventing temporary housing costs. : Some programs allow you to access your
: Some programs allow you to access your home’s equity early to use as a down payment or to pay off debt for loan approval. 3. Key Trade-offs to Consider Trade Your Home - Granite Ridge Builders
Home builders often offer programs to buy your existing home—commonly called or Buyout programs —to remove the hurdle of selling before you can move into a new construction. These programs typically function as a "guaranteed sale," ensuring you aren't stuck with two mortgages. 1. How These Programs Work