Home Builders Buy Your Existing Home -

: Closings are often coordinated for the same day, preventing temporary housing costs.

: 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.

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 home builders buy your existing home

: You typically stay in your current home until the day your new one is ready.

: The builder (or a partner company) buys your home outright at a predetermined price, usually shortly before you close on your new home. : Closings are often coordinated for the same

While every builder varies, the process generally follows one of these structures:

: You avoid the hassle of staging, showings, and open houses while living in the home. Home builders often offer programs to buy your

: 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