StepUp Program: Your Plan B for Moving Forward
Finding your dream home is exciting—until reality hits. You've found the perfect house, but there's one problem: you need to sell your current home first. This is where many homebuyers get stuck, watching their dream slip away while they wait for the right buyer.
Plan A: The Traditional Approach
Ideally, your home sells quickly at a great price, and the timing works out perfectly with your new purchase. This is Plan A, and when it works, it's seamless. You should always start here—price your home competitively, work with a skilled agent, and give the traditional sale process a fair shot.
But what happens when Plan A doesn't cooperate with your timeline?
When You Need a Plan B
The housing market doesn't always move on your schedule. Maybe you've found your dream home, but your current house has been sitting for weeks. Perhaps you need to relocate for work and can't wait indefinitely. Or maybe you're in a competitive market where sellers won't even consider contingent offers.
This is exactly when Evergreen Home Loans' StepUp program becomes your Plan B.
How StepUp Works as Your Safety Net
StepUp allows you to close on your new home in as little as 15 business days—without waiting for your current home to sell. You'll use a portfolio loan initially, then refinance into your permanent mortgage later. The beauty? You qualify based on your new home payment alone, giving you the breathing room to properly market and sell your current property.
The key advantages:
- Make non-contingent offers that sellers actually want
- Avoid the stress of temporary housing or storage
- Sell your current home without desperation pricing
- Compete with cash buyers in hot markets
Why It's Not Plan A
Here's the honest truth: StepUp involves additional steps and costs. You'll go through two loan processes instead of one, and there are fees associated with the initial portfolio loan and subsequent refinance. If you can sell first and time everything perfectly, that's always the simpler, more cost-effective route.
Think of StepUp like insurance—you hope you don't need it, but you're grateful it exists when circumstances demand it.
Making the Right Choice
Start with Plan A. List your home, work the traditional process, and see if the timing aligns naturally. But if you're facing a tight timeline, a dream home that won't wait, or a market that demands non-contingent offers, StepUp gives you the power to move forward confidently.
Your dream home shouldn't depend on perfect timing. Sometimes Plan B is exactly what you need to turn dreams into reality.
Real Estate Rob
Designated Broker, Kinected Realty
Phone: 360-787-3675
Email: rob@realestate.house
Website: www.realestaterob.house
Contact Real Estate Rob today to learn how his winning strategies can help you successfully compete against cash buyers in Vancouver, Camas, Ridgefield, Battle Ground, La Center, Washougal, or anywhere in Clark County, Washington.