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Trade-Up Strategy
You have outgrown your current place and you are ready for something bigger, better, or in a different neighborhood. Settle coordinates your sale and purchase so you never end up homeless or double-paying mortgages.
Your current home's equity is the engine that powers your upgrade. Before you start browsing listings, you need a clear picture of what you own, what you owe, and what you will net after closing costs and Virginia's grantor tax.
Current market value based on real MLS comparable sales, not algorithm estimates
Remaining mortgage balance and payoff amount
Estimated closing costs including Virginia grantor tax ($0.50 per $500 of sale price)
Net equity available for your next down payment
Moving up does not have to mean chaos. Here is how we structure the process from equity assessment to moving day.
How the move-up process works
We pull real comparable sales to calculate your current home's equity position, so you know exactly what you have to work with before shopping for your next home.
Using your equity estimate and pre-approval, we determine your price range for the upgrade and identify target neighborhoods in Virginia.
We align your sale closing and purchase closing so you move once, not twice. Bridge financing, rent-back agreements, and contingency structures are all on the table.
Your current home hits the market with full professional marketing. As offers come in, we negotiate terms that protect your upgrade timeline.
You do not always have to sell first. These bridge strategies let you secure your next home while your current one is still on the market.
Sell your home and lease it back from the buyer for 30 to 60 days while you close on your new property. Virginia contracts allow post-settlement occupancy agreements.
Borrow against your current home's equity to fund the down payment on your new home. Repay the bridge loan when your current property sells.
Make your purchase offer contingent on selling your current home. Stronger in slower markets or when you have a listing agreement already in place.
Open a home equity line of credit before listing. Use it for the down payment on the upgrade, then pay it off at closing when your current home sells.
See how much equity you have to work with. Enter your details and get an instant estimate based on real Virginia market data.
Not always. Depending on your equity and financial position, you can use bridge financing, a HELOC, or a sale contingency to make an offer before your current home sells. We walk you through every option.
We coordinate closing dates and use tools like rent-back agreements and bridge loans to eliminate overlap. In most cases, our move-up clients pay zero months of double mortgage.
Virginia's market conditions vary by area, but Settle sellers average 14 days on market. We price aggressively using real comparable data to avoid stale listings.
We run a full equity analysis before you commit to anything. You will see exactly how much net proceeds you can expect and what that translates to in buying power.
Yes. Having one team manage both sides means tighter coordination, better timeline control, and fewer surprises. We act as your single point of contact throughout.