Reali Trade-In

Simultaneous Buying & Selling Before Reali

Prior to launching Reali-Trade, buying and selling at the same time was a real pain. Here’s more or less how it worked in the past:

First you would place an offer on your next home that is contingent on the sale of your current home. Let the anxiety commence! You list your house while you live there and try to negotiate for a rent-back so you can sell the home, get the proceeds, then get your next home.
This requires moving twice – selling and immediately moving into a rental, which is also an annoyance that creates additional stress. Once you have found a reasonable rental appropriately sized and located, you “get” to move again when you close on the new house (let’s hope the kids didn’t paint on the walls of the rental, and you get your security deposit back, too).

For many, the entire process is akin to guiding your every earthly possession across a rickety rope bridge you pray to God doesn’t snap, sending everything you own and everyone you love plunging into alligator-infested waters. It’s a lot to cope with.

How Reali Trade-In Works

The Reali Trade-in program is designed with the utmost flexibility in mind–here are a few examples of clients for whom Trade-in is a perfect solution.

A condo owner needs a larger home, because the kids are growing up and can’t stand sharing a bedroom anymore. People who are trading up tend to be a great fit for the program.

Conversely, people who want to sell in order to be closer to the kids, their grandchildren, or who simply prefer a smaller home–downsizing clients are equally poised to benefit from Reali Trade-in.

Lastly, because home builders typically do not accept contingent offers, Trade-in can be a godsend for people who are buying new construction homes.

By spanning the gaps between what would normally be considered two or three separate, isolated transactions that other real estate firms wouldn’t touch with a ten-foot pole, Reali Trade-in offers an umbrella of safety and ease that can’t be found anywhere else. Moving into your new home before your old one sells is not a new dream, but it’s one that Reali recognizes as a prime opportunity to offer a highly desired solution to a problem many thought was simply baked into the cake of trying to make dreams come true.

Aside from the obvious peace of mind it brings to clients, there are additional benefits of our Trade-In program. Buying a home with a contingent-free cash offer is almost always preferable to sellers, since it obviates the need for you to get bank loan approval, which just draws out the process further and adds uncertainty and stress to the entire experience for everyone. Trade-in, by fronting clients the cash to pay for their new home upfront, resolves that apprehension. What’s more, all-cash offers often close for less money. So, you get to move once, quickly, and are able close faster, and with a fatter wallet.

The Process, Step-by-Step

Reali starts things off by determining how much you qualify for by getting pre-approved through Reali Loans. This way, you don’t need to deal with some geeky, pencil neck bank appraiser.

Once you find your new home, Reali will make a cash offer to buy it on your behalf. You then pay your 3% earnest deposit within 48 hours of your accepted offer, and we handle the rest.

After that’s complete, you get to buy your new home and move in! Reali’s Trade-in program is a “process” in that going from point A to B is a “journey”–it’s just the simplest and most efficient path possible. Not having to time the sale of your old home with the closing of your new home goes a long way towards relieving the stress home buying and selling traditionally generates for all parties.

Everybody wins.

Now, about your old home. A great aspect of Reali Trade-in is that home prep is included, meaning you won’t have to spend time getting your home ready before it hits the market. Now that it’s vacant, we cover the costs to clean, prep, and stage your home. We specifically handle home and carpet cleaning, staging your house, and managing all aspects of the project for you.

Vacant homes are easier to show, since they don’t require repeated cleanings (and stay COVID-19 compliant) and potential buyers are better able to envision their future selves inhabiting it. Once it looks its best, we sell it for the best possible price—Reali’s centralized, streamlined process means we can pass significant savings on to you–on average 2-3% over list, while you go on to enjoy the exciting next chapter of your life.

Wrapping up the process, once your old home sells, those sale proceeds go toward buying your new home from us–at the original purchase price, regardless of market conditions or fluctuations.