The fear nobody addresses on a real estate website: you sell, and then you have nowhere to go. It keeps people stuck in houses they outgrew years ago. Here is every standard way to bridge it and what each one actually costs.
How it works. You make an offer down here that only goes through if your northern house sells. No double mortgage, no gap.
What it costs you. Costs you negotiating power. In a competitive situation a contingent offer loses to a clean one, so you may pay more or lose houses.
How it works. You sell, close, take the money — and stay in the house as a renter for an agreed stretch while you close down here.
What it costs you. You pay your buyer rent, and the length is capped by their lender. Needs to be negotiated into the offer, not asked for afterward.
How it works. A short-term loan against your current equity so you can buy before you sell. You move once.
What it costs you. The most expensive option on this list, and it depends on your lender and your equity. Get a real quote before you count on it.
How it works. You sell with no pressure, bank the equity, and rent down here while you take your time buying.
What it costs you. Two moves instead of one, and a rent payment in between. Also the option that most often gets you the best price on both ends.
How it works. Only if the numbers genuinely support carrying both. Cleanest experience by far when you can afford it.
What it costs you. Two payments until the first house sells. This is the one people talk themselves into. I will be honest with you about whether it fits.
The written version, with the questions to ask your lender about each option and a worksheet for comparing them on your actual numbers.
Every one of these costs something — money, leverage, or an extra move. Anyone who tells you otherwise is selling you a program. The right one is whichever cost you would rather pay, and that is a personal answer, not a market one.
Fifteen minutes on the phone will narrow this to one or two options for your situation. Call or text 801-419-8917.
Passion for the work.
Peace for you.
Serving Washington County — St. George, Washington City, Hurricane, Ivins and Santa Clara. Also serving Herriman and the south Salt Lake Valley.