Buy before you sell! We’ve solved some of the most challenging problems home sellers face in the California Bay Area.

PLEASANT HILL, California - (BUSINESS WIRE)- C2 Financial, a leading mortgage broker, is working with Calque to launch C2 Buy Before You Sell in the Bay Area. With this new program, C2 Financial enables individuals to leverage their home equity for a new purchase before selling their home. This unique approach provides convenience and benefits for house hunters who are homeowners to tap their current home equity to make same-as-cash offers on their next property.

“Working with a leading mortgage provider like C2 Financial lets us get more qualified buyers into their next home and open up inventory for the move-up buyer.”

 

Bay Area Brokerage in Pleasant Hill has released a new partnership program allowing homeowners to purchase a replacement property before selling their current departing residence.

 

"This is a game changer for Bay Area home sellers who need to buy a replacement home." says Jason Wheeler, C2 Financial Branch Manager and Broker Associate in Pleasant Hill.

 

One of the main challenges we see Bay Area sellers facing regularly is the ability to qualify to purchase a replacement property when selling their current primary home.

 

This could apply to you if you are looking to

• Upgrade or purchase a move-up or "Dream" home
• Downsize to a smaller home
• Moving out of the area or out of state

Whether you’re moving out of the area, moving up to your dream home, or possibly downsizing, when you're selling your home and looking for a replacement property, it can be complicated for homeowners to qualify for a new home purchase before they’ve sold their current primary home.

 

Qualifying for a new mortgage on an upgraded property can take a lot of work, especially regarding your debt-income ratio, which can be severely affected by carrying your current primary mortgage debt.

 

Often, you will need to sell your current home to qualify for that next purchase. However, you may discover that purchasing an upgraded property could also be difficult if you have to write offers contingent upon selling your current home.

 

We've solved this problem for Bay Area home sellers.

 

Using our exclusive buy-before-you-sell program could be pivotal in making the transition seamless.

 

With C2 Buy Before You Sell buyers can qualify for their next home without including their existing home or a new second lien on that home in their debt-to-income ratio, resulting in potentially better terms for their new loan. Furthermore, because Calque provides a binding backup contract on the borrower’s home, there is a date by which the house is guaranteed to sell.

“We decided to partner with Calque to offer a safer, better ‘buy before you sell’ solution for our customers,” said C2 Financial Founder and CEO David Temko. “Our mortgage expertise and the guaranteed backup offer from Calque empowers homebuyers to purchase their dream homes with much less stress.”

“This collaboration with C2 Financial is an ideal match for our company,” said Jeremy Foster, founder and chairman at Calque. “The ability to work with a leading mortgage provider like C2 Financial lets us get more qualified buyers into their next home and open up inventory for the move-up buyer.”

C2 Buy Before You Sell is an innovative home loan product partnership enabling homeowners to buy a new home before selling their current residence.

 

• We use a new process that allows you to use the equity in your current home before you even list it on the market.
• This simplifies and streamlines the home-buying process and reduces stress by empowering you to submit competitive, non-contingent offers that are like cash on new home prospects, buy and move into your new home before you sell your current one, and make repairs and prep your original house for sale after you have moved out so it always looks show-ready and sells for the best price.
• Through our program, you can work with your preferred real estate agent, giving you peace of mind that you are getting a competitive sales price for your home. We aim to help you buy and sell your next home on your terms.

 

Buy Before You Sell HOW IT WORKS

Get pre-approved quickly and easily.

 

• Ask about the Buy Before You Sell program, and we will send you a purchase price guarantee (PPG) within 3-5 business days.
• Complete your pre-approval paperwork with a C2 Financial loan officer for your new home purchase
• Note: If your home doesn't sell on the open market and closes within the time frame specified in the purchase price guarantee (usually 150 days in most markets), We will secure a contract to purchase it for the agreed-upon price.

 

Win your dream home with more bargaining power.

 

• You can find your dream home with your preferred real estate agent.
• Submit non-contingent offers that function like all-cash offers.
• Once your offer is accepted, we'll finalize the underwriting process and give you the down payment for your new home.

 

Move and then prep your original home for sale.

 

• Move into your new home!
• Make repairs and stage your original home so it sells for maximum value.
• Use the equity in your original home to make payments on that home so you’re only out-of-pocket for one mortgage.

 

Sell your original home and save.

 

• You can sell your original home on the open market for the highest competitive price the free market could bare.
• You can move forward with a conventional loan on your new home.
• If your house hasn't sold within the timeframe specified in the PPG (up to 150 days in most markets), Our partners will purchase it for the original agreed-upon price.

Want more details to see if you qualify?

 

C2 Buy Before You Sell is more convenient, less stressful, and often cheaper than the traditional process.

 

Using C2 Buy Before You Sell, you will be able to:

• Win with non-contingent offers that function like all-cash offers. Submit non-contingent offers on new home prospects, positioning you as a competitive buyer in today’s increasingly crowded real estate market. Notably, many real estate agents can leverage non-contingent offers to negotiate a lower purchase price.
• Buy and move into your new home before you sell your original one. This allows you to avoid the stress of trying to time the sale of your original house with the purchase of your new home, submitting contingent offers, or moving into a short-term rental while you look for a new home.
• Prep your original home for sale after you have moved out. This allows you to avoid the hassle of constantly cleaning and organizing your home to maintain show-readiness while living there. Furthermore, many clients choose to take advantage of the vacancy to make repairs and stage their original home so that it sells for maximum value.
• You will likely experience cost savings. For a small fee, you can move forward with a conventional loan on your new home without incurring the costs of moving twice, short-term rentals, and/or private mortgage insurance.

Something like this is never a "one size fits all" situation.

 

Find out if the Buy Before You Sell Program could make sense for you. We'd love to explain the details.

We have more than one solution to help you purchase your move-up home without selling your current primary residence.  In addition to the buy-before-you-sell program explained here, we can advocate for our 12-month no-payment bridge loan option.

Call, text 925-285-2172 email.