FAQ
With Buy Now, Sell Later, The Seely Group provides a guaranteed offer on your old home, effectively removing the home sale contingency and allowing you to make a stronger offer on your new home. Homeowners can use the YHSG product by itself or combine it with the Buy Now, Sell Later.
Our Buy Now, Sell Later product is the modern version of a bridge loan and allows you to unlock the equity in your old home to use towards the purchase of your new home.
YHSG is available in the following states: AZ, CA, CO, FL, GA, ID, IL, KS, LA, NC, NM, OH, OR, SC, TN, TX, WA.
YHSG and Buy Now, Sell Later is available in the following states: AZ, CA, CO, FL, GA, TX, WA.
Your old home must fit the following criteria:
- located within 30 miles of an Metropolitan Statistical Area (MSA)
- is either a Single Family Home with 1 to 4 units, Planned Urban Development (PUDs), or Condominium. All condominiums and PUDs must meet the Fannie Mae and Freddie Mac standards of warrantability.
- is considered in a C4 condition rating or above in addition to each of the following requirements: has been adequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs; and major building components have been adequately maintained and are functionally adequate.
Yes, we do require an inspection. Your Seely Group team will provide you with all of the information on how to schedule this inspection.
Yes, agents will receive their full commission at the final sale of the old home. While the Standard Commission can vary based on where you live, the Standard Commission typically is 6% but is negotiated between you and your agent.
No. iBuyers typically make a lowball offer to buy your old home and profit on selling the home for much more. We make an offer to buy your old home in 6 months if you are unable to find another buyer. Even if we do purchase your old home, you remain in control of marketing the property as well as negotiating and accepting offers, so you are able to maximize the sale.