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.

: 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

: Closings are often coordinated for the same day, preventing temporary housing costs. : The builder (or a partner company) buys

: You typically stay in your current home until the day your new one is ready. Common Benefits : Closings are often coordinated for

: The builder lists your home through their preferred brokerage. If it doesn't sell by your new home's completion date, the builder’s partner buys it from you for a guaranteed backup price.

: 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