Home Builders Buy Your Existing Home Guide

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

: By securing a buyout offer, the builder treats you as a "non-contingent" buyer, allowing you to lock in a new construction contract immediately. 2. Common Benefits home builders buy your existing home

: The builder (or a partner company) buys your home outright at a predetermined price, usually shortly before you close on your new home. Home builders often offer programs to buy your

: You avoid the hassle of staging, showings, and open houses while living in the home. home builders buy your existing home