demo-Buy-before-you-sell-guide

NewBuilt Ready™

Buy before you Sell

Buy with all the facts,
Sell with no surprises

Skip the double moves, living through showings, and double mortgages. Close and move into your NEW home todaywith a guarantee your current house will sell later. Buy before you sell with more peace of mind with NewBuilt Ready™.

Complete a NewBuilt Partner™ Application

Make an Offer on your NEW home with NewBuilt™ Partner money

Deposite your earnest money and sign your NewBuilt Partner™ lease

Move into your NEW home and Live Life!

Sell your old house with NewBuilt.RealEstate™

Buy your NEW home back from the Newbuilt Partner™

How It works

Get Started

Get approved

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

WHAT HAPPENS AT THIS STEP You will

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.

Your NewBuilt Ambassador™ will

Search for builders and homes that meet your criteria.

Behind the scenes

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

Get Started

Make an Offer

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.

WHAT HAPPENS AT THIS STEP You will

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.

Your NewBuilt Ambassador™ will

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.

Behind the scenes

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

Win your NEW Home

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

WHAT HAPPENS AT THIS STEP You will

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.

Your NewBuilt Ambassador™ will

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.

Behind the scenes

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 into Your NEW Home

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.

WHAT HAPPENS AT THIS STEP You will

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.

Your NewBuilt Ambassador™ will

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.

Behind the scenes

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.

Sell Your Existing Home

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

WHAT HAPPENS AT THIS STEP You will

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.

Your NewBuilt Ambassador™ will

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™.

Behind the scenes

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.

Buy Back 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.

WHAT HAPPENS AT THIS STEP You will

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

Your NewBuilt Ambassador™ will

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

Behind the scenes

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.

Move Now, Sell Later.

NewBuilt Ready™ helps you buy NOW with the certainty your
current home will sell LATER.

Benefits	NewBuilt Ready ™	Traditional Transaction	iBuyers
Buy First, Sell Later Buy and move into your NEW home first, then sell with more time to attract the highest offer.
Buying CertaintyMake a non-contingent offer on your NEW house with peace of mind you're fully approved and underwritten.
Selling CertaintyList, attract, and sell at the highest price with the safety net of a guaranteed offer on your current property.
Avoid Repairs and Showings Skip living through repairs and showing.
Close & Move InMove into your new home as soon as it closes even if your current house hasn't sold yet.
Fast closeClose on your time and win over sellers with competitive offers and terms.
Streamlined and SimpleManages and streamlines the entire lending, buying, selling and moving process making it simple.
	Get Started

Upfront Pricing. Straightforward fees.

When you Buy before you Sell to purchase a home, there are actually two transactions. First the NewBuilt™ Partner buys the home with cash for you, then you buy it back from them.

Convenience Fee

Fees ranges from 1.4% to 2.9% of you NEW home’s purchase price. The fee is based on your buying scenario and the program you choose. Receive a 0.5% credit at closing if you use a NewBuilt Partner™ Lender

Rent

Rent is similar to what your mortgage payment would be and is typically deferred until closing. Rent covers the NewBuilt Partner™ carrying costs and is prorated by day, so you only pay for the time you need.

Effective Fee

Your base fee or Convenience Fee plus your rent while you live in your NEW home. You can reduce transactional costs with a credit for using NewBuilt Partner™ Lenders.

What's in Your Convenience Fee?

Base fee

A Convenience Fee is calculated and written into your Customer Purchase Contract as Full Base Fee and is often rolled into your mortgage.

Credit for using a NewBuilt™ Partner Lendar

Get a seller or lender credit applied to your closing costs for using a NewBuilt PartnerTM Lender.

Effective Convenience Fee

If you finance your purchase with a NewBuilt™ Partner Lender, Homeward Mortagage, you'll receive a credit at closing that reduces your total cost.

Convenience fee

Buy Before You Sell

1.9%

0.5%*

1.4%*

Popular Newbuilt Partners

Take the Next Step Home

Get NewBuilt Ready^TM.

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FAQs

1How do NewBuilt Partners™ earn revenue?

The NewBuilt Partner™ profits from standard convenience fees which are between 0.9% to 2.9%- depending on the program you choose.

2When do I pay?

There are no upfront costs. You don’t have to pay until you buyback your NEW home. The convenience fee can usually be rolled into your mortgage.

3How much does it cost?

Fees ranges from 0.9% to 2.9% of the home’s purchase price, based on your buying scenario and the program you choose.

4Do I have to make an earnest money deposit?

Yes, you will need to make an earnest money deposit (EMD). This deposit represents your good faith to buy your NEW home. It is not a fee. It will be applied as a credit to your down payment at closing and must be deposit within 48 hours of the builder or seller accepting your offer.

For homes priced below $1M, a 2% EMD is require
For homes priced at $1M or more, a 4% EMD is require

5Do you mark up the house price when you sell it back to me?

Absolutely Not! You’ll pay the same purchase price the NewBuilt Partner™ paid for the home plus your convenience fee and rent when you buy back your NEW home from them. In some cases, you can roll your convenience fee into your mortgage.

Meet your NewBuilt Ambassador™

Schedule a call Today

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