Here's five ways to make that happen and we can help you navigate each scenario.
#1 - Negotiate a Rent Back: Sell your home first and then negotiate a rent back with the buyer of your home for a period of potentially up to 2 months. You might get some of that portion for free or you might have to pay for some of that rent back as well, but that might give you the time to sell your home first, cash out the equity, and then go buy a replacement home. There are a lot of moving parts to this and if you don't find the replacement home quick enough, you're going to have to find a short-term rental or move in with family.
#2 - Stay In a Short Term Rental: Another option is to stay in a short term rental. You sell your home first and just move right into a short term rental and stay there for however long you need, until you have found your replacement home.
#3 - Obtain a Bridge Loan: A third option is to obtain a bridge loan and the bridge loan is where you get a second mortgage to go purchase that new home, and then you sell your existing home and then you refinance all that into one mortgage. The complication here of course, is you're paying two mortgages at one time. It's oftentimes difficult for folks to qualify for two mortgages at once.
#4 - Home Equity Line of Credit: A fourth option is to pull out a home equity line of credit or a HELOC on your existing home. And if you have sufficient equity, you can use that to potentially put a down payment on your new replacement home. However, again, you're having to qualify for two mortgages at the same time, but the HELOC is a much more streamlined way to obtain the funding over a Bridge Loan. You typically just need to maintain at least 80% equity in your home after pulling funds out via the HELOC.
#5 - Home Trade-In Program: The fifth option, which I find often as the best for a lot of folks, is a Home Trade-In Program that I have access to you that allows you to buy a home before you sell your existing home. What happens is you qualify for the program through the home trade-in partner that we work with. The equity in your existing home is unlocked so that you can buy a new home and then you go purchase your replacement home first.
Then, once the new home is purchased, you turn around and sell your existing home.
You don't have to carry two mortgages at one time, you can get a rent back with this option. We can even couple it with a cash offer program to turn you from a financed purchaser into a CASH buyer that makes your offer extremely competitive and you can get into your home quickly with fairly low fees.
I’m a real estate agent and I love what I do. It’s my passion, it’s my job, and it's where my heart is. My goal is to help people find their dream homes while also helping them get the most for their current one.
Contact me today at 858-281-2568 or email curtis@sandiegohomes.io to get started selling or buying your home with me.
Warmest Wishes, Curtis Chism
Call me anytime at 858-281-2568
curtis@sandiegohomes.io
*Conditions and restrictions apply
REVIEWS
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Jenny Pangelinan from San Diego, CA
I highly recommend Curtis whether you are selling or buying a house. Meeting him, we knew he was the right realtor for us. He explained what we would expect and do while our home was being sold. Every step of the way he kept us informed and with that said, in less than a month, our house was sold!! Thank you so much for making this transition so much easier for us!! We relocated to Texas and awaiting our new house to be complete!!! -
Mindy Davidson from Carlsbad CA
It was a definite pleasure to work with Curtis. He is highly responsive and proactive and really knows the market. He was particularly diligent about keeping up with all the moving pieces and deadlines and ensured that our purchase was as smooth as possible from start to finish. Thank you Curtis! -
Debbie Gardner from San Diego CA
Curtis is professional, informative and very personable. He keeps you extremely well informed throughout the viewing and bidding process and works diligently on your behalf for the best possible outcome. We have recommended him to our circle of family and friends when they decide it is time to buy and sell. -
Jeanie Croshaw from Sonoma CA
Curtis was exceptional with assisting us to find a property in San Diego. He went the extra mile to not only help us find it, but also helped us even after the closing of the purchase (ie assisting with changing the locks and mailing us the items over to us, etc). Due to COVID19, we were really limited with travel. He assisted with showing the property via live video conference. -
Mary Payne from San Diego
We were so fortunate to have Curtis as our realtor. He helps smooth the road in buying and selling. He keeps you informed and has great follow through. A professional who is also personable. He will be our realtor in any future realty dealings. -
Travis Hammond from San Diego
I highly recommend Curtis Chism to anyone looking for a real estate agent in San Diego. He is very responsive by email, text, or phone call. He was really helpful and patient with us as first time home buyers while we learned the market, tried to figure out which part of town to live in, and decided on our lst of must-haves. He tailored his home search to specific areas and the criteria we set to provide much better options than we were getting from Zillow, which really helped us focus our efforts. In a highly competitive seller's market, he figured out what it was going to take to get our offer accepted. He has a great network of mortgage brokers, inspectors, and contractors available for consultation and he interacted well with the seller's agent to get the deal done. -
Natalie Sampaio from San Diego
Curtis is professional and extremely helpful! Loved working with him. -
Mark Sampaio from San Diego
Curtis, is professional, courteous and willing to put in the time to help you find your home. We looked at so many homes i thought for sure he would get tired of us but he never wavered and always helped us with whatever we needed through the entire process. Source: Zillow
Sell My Home
We love working with sellers and look forward to sharing our home-selling plan with you!
Our team of professionals will be with you every step of the way, from preparing your home for the sale, to handing the keys to the new buyer.
3D Home Tours Provided with Every Listing
Our Team
License ID: 02105113
Company: Chism Team @ eXp Realty
Curtis is a highly skilled, Top Producing Realtor in San Diego and is known for negotiating the best prices and terms for his clients. He is a high-touch agent with extensive local knowledge of the market. His approach is friendly, professional, and collaborative with his clients. He'll work tirelessly for you, negotiating on your behalf to secure the best pricing and terms and make the home buying and selling process smooth.
Curtis is a 3rd generation San Diegan and was raised in the Serra Mesa neighborhood of San Diego, has currently resides in North Park. He holds a Masters in Construction Management from the University of Southern California with an emphasis in Real Estate Development. He's able to work with home sellers, first time home buyers, move-up buyers, empty-nesters looking to relocate or downsize, people looking to relocate to/from San Diego, cash investors, and distressed properties.
Recent Homes Curtis Chism Sold
- 1/16 16
2 Beds 1 Bath 720 SqFt$590,000 1.7%
$599,990
8022 University Ave, La Mesa, CA 91942
Listed by Curtis Chism of eXp Realty of Southern Calif.
Single Family Home
- 1/30 30
3 Beds 3 Baths 1,862 SqFt$1,120,000 6.7%
$1,049,900
6221 Lake Badin AVE, San Diego, CA 92119
Listed by Curtis Chism of eXp Realty of California, Inc.
Single Family Home
- 1/25 25
3 Beds 3 Baths 1,817 SqFt$955,000 6.1%
$899,900
1568 Via Botero, Oceanside, CA 92056
Listed by Curtis Chism of eXp Realty of California, Inc.
Single Family Home
- 1/27 27
3 Beds 3 Baths 1,849 SqFt$734,000 4.9%
$699,900
2222 Capistrano WAY #9, Chula Vista, CA 91915
Listed by Curtis Chism of eXp Realty of California, Inc.
Townhouse
- 1/19 19
3 Beds 2 Baths 1,308 SqFt$775,000 10.7%
$699,990
8523 Brian PL, Santee, CA 92071
Listed by Curtis Chism of eXp Realty of California, Inc.
Single Family Home
- 1/28 28
3 Beds 3 Baths 1,430 SqFt$609,900 1.7%
$599,900
1848 Observation WAY #2, Chula Vista, CA 91915
Listed by Curtis Chism of eXp Realty of California, Inc.
Townhouse
- 1/44 44
2 Beds 2 Baths 1,063 SqFt$1,000,000 4.8%
$1,049,900
- 1/10 10
2 Beds 1 Bath 672 SqFt$980,000 4.4%
$939,000
4903 Brighton Avenue, San Diego, CA 92107
Listed by Natalie Harris of Coldwell Banker Realty
Single Family Home
- 1/41 41
4 Beds 2 Baths 2,603 SqFt$1,255,500 4.6%
$1,200,000
2323 Froebel Drive, Escondido, CA 92025
Listed by Arleen Lively of Judson Real Estate
Single Family Home
- 1/38 38
4 Beds 2 Baths 1,879 SqFt$485,000 2.1%
$475,000
32140 Evening Primrose TRL, Campo, CA 91906
Listed by Curtis Chism of eXp Realty of California, Inc.
Single Family Home
- 1/34 34
3 Beds 2 Baths 1,725 SqFt$520,000 9.5%
$475,000
30059 Canvasback DR, Campo, CA 91906
Listed by Curtis Chism of eXp Realty of California, Inc.
Single Family Home
- 1/32 32
4 Beds 2 Baths 1,364 SqFt$1,115,000 14.4%
$975,000
3091 Kobe DR, San Diego, CA 92123
Listed by Curtis Chism of eXp Realty of California, Inc.
Single Family Home
- 4 Beds 3 Baths 2,600 SqFt
$915,000 7.6%
$850,000
1335 Charles LN, Ramona, CA 92065
Listed by Nick Egan of Fathom Realty Group, Inc
Single Family Home
- 1/26 26
3 Beds 2 Baths 1,070 SqFt$1,200,000 11.6%
$1,075,000
2112 Meade AVE, San Diego, CA 92116
Listed by Curtis Chism of eXp Realty of California, Inc.
Single Family Home
- 1/35 35
4 Beds 3 Baths 2,145 SqFt$985,000 23.9%
$795,000
615 E J ST, Chula Vista, CA 91910
Listed by Curtis Chism of eXp Realty of California, Inc.
Single Family Home