Navigating a Move in Denver When Your Home Hasn’t Sold

You’ve fallen in love with a new Denver home, but there’s a hitch — your current house is lingering on the market. This predicament is more common than you might think, and Denver homeowners often seek solutions for moving before their property sells. Here’s what you can do:

Consider a Second Mortgage

Obtaining a second mortgage might be viable if you’re bound to Denver but your house sale isn’t. You’ll need to meet specific lender criteria and provide a solid reason for moving before selling.

Family Loans: A Personal Touch

Another option is to borrow money from relatives. If choosing this path, ensure all terms are clearly documented. This keeps relationships intact and financial dealings transparent.

Bridge Loans: The Quick Fix

Bridge loans could provide a temporary fix, combining two mortgage payments into one. Denver lenders will look for excellent credit and a financing amount less than 80% of both homes’ values.

Employer Retirement Plans: An Unconventional Option

Borrowing from your 401(k) may not be ideal, but it’s a solution some Denverites turn to. Just be mindful of any potential tax implications.

Rent-Back Agreements: Flexibility for Both Parties

Offer the new home’s seller the option to rent it back. This can ease your financial burden and provide them with transitional accommodation.

Quick Sale Services

If you’re in a hurry, consider services that buy my house for cash in Denver. These companies can expedite the selling process, freeing you to move on with ease.

Moving in Denver doesn’t have to be a waiting game. With the right strategies, you can transition to your new home smoothly, even if your current house hasn’t sold.

If you’re looking to sell a house fast in Denver, you found a willing and ready buyer right here on this site! Simply contact us by filling out the form here or give us a call at 303-997-2045.

Disclaimer: This is for informational purposes only.