Buy Before You Sell — Lendia California
Is Buy Before You Sell a Good Fit for California’s Real Estate Market?
California’s real estate market — particularly in Southern California — is one of the most competitive in the country. High prices, low inventory, and multiple-offer situations are common in Orange County, Los Angeles, San Diego, and the Inland Empire. In this environment, Buy Before You Sell is not just convenient — for many move-up buyers, it is the difference between winning and losing.
Why California Is Ideal for BBYS
- Contingent offers are frequently rejected: Sellers in California’s competitive markets routinely receive non-contingent offers from other buyers. A contingent offer puts you at a major disadvantage.
- High equity levels: California homeowners typically have significant equity built up, which makes the BBYS equity advance model particularly effective. The higher your equity, the larger the advance available.
- Fast sales on well-priced homes: Homes in most Southern California markets sell quickly when priced correctly, meaning the sale window is rarely a concern.
- Move-up buyers are the core market: With high home prices making starter home equity substantial, move-up buyers in California are exactly who BBYS is designed for.
Considerations
BBYS costs money. The program fee is a real expense. But in California, where the gap between a contingent and non-contingent offer can mean tens of thousands of dollars in purchase price concessions — or simply not getting the home at all — the cost of the program is often well justified.
- What Is Buy Before You Sell and How Does It Work?
- Who Qualifies?
- BBYS vs. BYOC — What Is the Difference?
- How Is the Departing Residence Handled?
- Do I Need to Sell First?
- How Is Income Qualified with Two Properties?
- What Loan Types Are Compatible?
- How Long Do I Have to Sell?
- What Happens If My Home Doesn’t Sell in Time?
- What Are the Fees and Costs?
- Is It Available for Investment Properties?
- How Does It Affect My DTI?
- Is It a Good Fit for California’s Market?