Home Builders Buy Your: Existing Home

: 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

: 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.

While every builder varies, the process generally follows one of these structures: 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. : Some programs allow you to access your

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

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 If it doesn't sell by your new home's

: 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