
Selling Real Estate with Kelly Cook
231: Buy Before You Sell: Bridge Loans, Contingencies & Unlocking Home Equity
In this episode of Selling Real Estate with Kelly Cook, Kelly breaks down how to help clients unlock equity from their current home when they need to buy their next one in today's balanced market, where appreciation is flat and many sellers still have low legacy mortgage rates they're reluctant to give up. He walks through the mechanics of a traditional contingent offer, including the often-overlooked clause in Arizona's Buyer Contingency Addendum (BCA) that lets a seller cancel an accepted contingent offer even after your client's home sells, if the seller received a better backup offer in the meantime, and shares a real example of protecting a client by negotiating that clause out upfront. Kelly also covers two alternative strategies for buyers who don't want to risk paying two mortgages or losing their dream home: post-possession agreements, which buy time by letting sellers stay in a sold home for 30-60 days, and "buy before you sell" options using private equity buy-now companies (1.5%-2% fee) or bridge loans that unlock home equity before closing without counting the old mortgage against debt-to-income ratio. The key takeaway for agents: negotiate contract protections upfront, offer clients multiple solutions rather than just identifying problems, and always read the fine print in your state's contingency addendum. Want to be a guest on our podcast? Email marketing@cookandassociatesaz.com OR kelly@cookandassociatesaz.comSelling your home? Get a free Home Price Evaluation http://www.myhomevaluecalculator.comKelly Cook, MBACook & Associates, PCREAL Broker14201 N Hayden Rd, Ste C-4 Scottsdale, AZ 85260480-442-9868kelly@cookandassociatesaz.comCookandAssociatesAZ.com

