Is A Bridge Loan A Viable Option in Today’s Seller’s Market?
Dane County’s Spring Real Estate Market is here! We are on year three of lack of inventory in homes for sale, which means it is going to be another year of a strong seller’s market. When homes do get listed for sale, it does not take long for that property to go into contract and thus on its way to a successful closing. It is great being a seller right now, however as a seller, what are you going to buy?
How Do Bridge Loans Work?
What Are The Benefits of a Bridge Loan?
- The ability to slowly move into the new property and make one move, as well as alleviates the stress of selling and buying in the same day.
- Not being subject to sale contingency, which will help in the negotiations when competing against multiple parties on the new home purchase.
- Time and patience to hire an experienced realtor to help you find your dream property in a seller’s market.
- The option to use the equity in your existing home in lieu of a cash down payment on the new property.