Buy before you sell guide - Brand New Homes for Sale

Get approved by a NewBuilt Partner™ to start shopping and be ready to make a non-contingent offer on your NEW home.

• Fill out an application with a NewBuilt Partner™.
• Meet your NewBuilt Partner™ Advisor, they will be your main point of contact once you are approved for the program- they are not your lender.
• Provide the NewBuilt Partner™ with any necessary documentation.

• Search for builders and homes that meet your criteria.

• The NewBuilt Partner™ reviews your program application and the house you want to sell to ensure it meets their criteria. Your points of contact

We work with the NewBuilt Partner™ to make an all-cash offer on your next home. They will purchase it on your behalf and sell it back to you for the same price once your old home sells.

• Work with your NewBuilt Ambassador™ to submit an offer request to the NewBuilt Partner™.
• Choose a Lender and schedule a call to research your financing and loan options.

• Recommend creditable and vetted Lenders.
• Submit an offer request to the NewBuilt Partner™
• Work with the NewBuilt Partner™ to write and submit the Offer to the builder or seller’s agent.

• The NewBuilt Partner™ reviews the home you want to make an offer on to determine if it's eligible for the program

The builder or seller accepts your offer. Your NewBuilt Ambassador™ will work with the NewBuilt Partner™ to finalize the purchase.

• Pay your earnest money deposit (EMD) and option fee, if applicable.
• Work with your Lender to finalize the details of your loan.
• Sign the Customer Purchase contract to secure the purchase of your NEW home from the NewBuilt Partner™ once your old home sells.
• Sign the Residential Lease to move into your NEW home and rent from the NewBuilt Partner™ until your old homes sells.

• Work with the NewBuilt Partner™ to draw up the Customer Purchase contract and addendums you’ll sign.
• Submit a home inspection report to the NewBuilt Partner™ for review.
• Draft amendments to be sure any incentives and/or credit negotiations are accounted for.

• The NewBuilt Partner™ will purchase and close on your NEW home.
• The title team completes a title examination, issues a title commitment, and discloses all exception documents to purchase the home.
• The NewBuilt Partner™ orders the preliminary appraisal of the home and receives the report.
• The Mortgage Processor initiates your loan.

Move and settle into your NEW home immediately after closing to avoid listing hassles. Live in your NEW home while you rent it from the NewBuilt Partner™ for up to six months. They'll prorate your rent, so you only pay for the days you use.

• Move-In!
• Work with you NewBuilt Ambassador™ to put your old home on the market within two weeks of the purchase of your NEW home.

• Give you keys to your NEW home on closing day and help coordinate any movers or utility transfers.
• List and market your old home.
• Update you on the status of showings, offers, and market conditions.
• Negotiate with buyers to secure top dollar for your old home.

• Your NewBuilt Ambassador™ coordinates showings, marketing, and works to sell for top dollar.
• Prospective buyers will schedule and tour your old home.
• Your prorated rent starts accruing on the NEW home.

Accept an offer on your old house and sell it for top dollar.

• Work with your NewBuilt Ambassador™ to review and negotiate any incoming offers.
• Let your NewBuilt Partner™ Advisor and Lender know when your home goes under contract.
• Attend closing for the sale of your old home.

• Send a copy of the sales contract for your old house to your Lender and NewBuilt Partner™.
• Verify and review all paperwork for accuracy and completeness.
• Schedule and coordinate closing.
• Provide a timeline with a target date for you to buy back your NEW home from NewBuilt Partner™.

• A title company prepares and closes the sale of your old house.
• A title company works with your lender to prepare to close on your new home.

Secure a mortgage for your NEW home and close on your NEW home by buying it back from the NewBuilt Partner™ for the same price it was bought.

• Work with your Lender to collect all necessary documents and work towards getting the clear to close.
• Review your closing disclosure (CD) with your Lender

• Review your closing disclosure (CD) and all other paperwork for accuracy and completeness.
• Schedule and coordinate closing.

• Your lender will order a final appraisal of your NEW home.
• The NewBuilt Partner™ will provide you with a final rent amount and any applicable discount credits which can be rolled into your loan.