Buying and selling real estate can be one of the highest stress situations you'll ever face... or you can turn the tables and make it downright enjoyable. In this episode, we reveal a little-known low-pressure trick that lowers your stress and gives you the edge in negotiating.Video Transcript
hello this is Diana Randall bro here coming to you live from Prescott Arizona we’re happy to talk to you about if you’re thinking about moving and you’re like wow I gotta sell first I don’t know what a drag I can’t get my time frame to line up so we wanted to talk to you about buy first then sell yeah it’s a new program it’s designed to help you out one of the things we observed is that when we have buyer we have buyers that are um full of cash a lot of times what they’ll do is they’ll just buy a house right they’ll buy a house they’ll move their stuff in and then they sell it really reduces the uh the pressure associated with the whole deal uh it doesn’t force them into a house really quick so they have the time to find exactly what they want and when they’re negotiating on the buy side they’re not under time pressure they usually negotiate better deals and on the sell side same thing they’re not in a hurry and so they can negotiate a better deal uh not a lot of people fall in that category and unfortunately they can’t um enjoy those benefits but now there’s a new program that’ll do that and it’s called buy then sell so buy themselves yeah it’s great so we have a number of contacts that we can connect you with where you can get a bridge loan but it’s not the bridge loans of yesteryear this is a really great product uh you can identify a home here in Prescott that you absolutely love you don’t have to worry about losing out because you’re under a contingency and perhaps your home didn’t sell in time so you can identify it put the offer in if you qualify if you qualify depending on your credit of course if you’ve got great credit you get cash up front from the company they give you the cash up front for you to buy the home that you’ve identified here in Prescott you then can negotiate better right because you quote have a cash deal yeah from the from the seller’s point of view your offer is a cash offer it’s considered a cash offer which always gets priority always a cash is King cash will win out on any kind of bidding war that you may be in so you will win that you’ll get the home you’ll get to move in you’ll you’ll get to slowly but surely move in without all the pressure of oh my gosh I’ve got to sell my house and now I got to get the house packed up and I got to get out of here this lets you have some Breathing Room it lets you identify the home you love you won’t lose it you can buy it you know it’s there it’s safe it’s sound it’s waiting for you you can slowly start to move in yeah then you can stage your existing home that you want to sell and and not have to worry about being there and Fielding calls for showings and all that you pack up you move here to Prescott you let it sit there yeah you let it sit there while it’s selling and it’s a lot less pressure it’s a lot less trouble yeah uh you don’t have to keep your house picked up and cleaned while you’re waiting for the next showing you don’t have to sit there and be like I have 10 days to get this sold otherwise I’m going to lose my house in Prescott yes all that foolishness goes out of the window yes the good thing is there are fees associated with getting the buy then sell program but here’s the thing the amount of money that you pay is offset by the extra money you’ll get by being able to negotiate better deals on your buy side and your sales side that’s true and honestly we’ve done this a couple of times and it’s almost a wash I mean it really ends up being very cost effective yeah and when you just think about the the reduction in pressure dealing with the movers the moving right and the state the logistics the logistics yeah it’s just kind of a no-brainer kind of a no-brainer the other good thing is I think a lot of people think oh if I get a bridge loan I’m then paying two mortgages I’m paying the mortgage on my existing home and I’m paying the mortgage on no you have up to a year to get your existing homes sold yes you do not have to pay any not even interest during that time frame now the interest is accrue yeah it’s a crew but it’s not like you will have an additional house payment or interest payment to make during that year process it won’t take you a year to sell you might accrue a little interest for two or three months yeah that’s it then you sell you pay off the bridge loan yeah boom comes out of your comes out of yourself it’s a beautiful thing if you have amazing credit uh and you qualify we highly suggest it because sometimes we get people who come in they absolutely fall in love with a house and they’re heartbroken because they know I don’t even have my house on the market yet right there’s no way I can get this together I can get this sold to purchase this one right and it’s very upsetting you know to leave a home you love that you’ve you really want so we think it’s a great product we’ve had enough friends uh it’s a great idea use it and I love it if you think about it you the pressure is okay so let’s say you sell your home first well now you got to find a home really quick and you don’t want to that’s a lot of pressure you gotta hustle down here and yeah I gotta find it got it and you’re gonna settle for something maybe that’s not on the market right because maybe that perfect one isn’t quite there it isn’t there so you’ll be like well this one is okay I mean you’ll you end up settling we hate when our clients we want you to be happy we don’t want you to settle we want you to be happy and excited or you find the perfect home and you put an offer in it’ll it’ll have to be a contingency yeah so you’re going to have to pay top dollar yep and then you’re going to have to Discount your home wherever you live now to get it to move as fast as possible hustle it’s just it’s you’re behind the eight ball this gets you out from behind me so if you are fortunate enough to be in a position that you could qualify for this bridge loan product hey it’s something to really consider if you really had enough and you want to get out of Dodge where you are yeah there’s other options available to you yes that will help you get that done faster and quicker now we have no vested interest in this at all oh absolutely no actually we’re not allowed to have any vested interest in the lenders that we we recommend to you just to be clear yes and if you want to do it the hard way you know we’ll help you that’s what we do absolutely do it well uh but this is another option for you so something we just thought we’d throw that out there to you folks out there and um who are still thinking of the bridge loan as the olden days when you had to pay all this extra payments every month just wanted to give you a little heads up the product has changed it’s very effective it’s easy and it’s well worth it if you are ready to really make the change and you don’t want to wait another six months absolutely so that’s our tip of the day tip of the day if you’re in the tips the place to go is pickle411.com that is our free information site whether you’re a buyer seller or somewhere in between there is something waiting for you there will Amaze astound and entertain you and tickle your funny bone heavily hopefully all free all three all right thank you for listening we appreciate your time and have a great day bye