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Prepare your sale and purchase options before writing an offer

Eric's September 28, 2026 short argues that an informed offer starts before you find the next house. For an existing homeowner, that includes understanding the current home's sale, equity and timing.

By Eric Hamilton · Published October 6, 2026

Originally uploaded September 28, 2026 · 1:14 · Watch on YouTube

Written companion added October 6, 2026. Adapted from Eric’s video captions with source checks; not a word for word transcript. The recording retains its original date.

Estimate spendable proceeds and available cash separately

Ask your agent for a sale estimate after payoff and selling costs. Then identify funds actually available before that sale closes. Estimated equity is not the same as cash ready for a purchase. Discuss any bridge financing or other borrowing, its costs and repayment plan before counting it toward the next closing.

Compare a contingent offer with carrying the overlap

Have the lender explain qualification and the payment period if you own both homes. Test a delayed sale and lower proceeds. Review contract protections with your agent and attorney where appropriate. A home-sale contingency may still be the right choice, as the recording acknowledges; preparation gives you informed options rather than requiring you to remove it.

Does being prepared mean I must buy before selling?

No. It helps you compare buying first, selling first and using a contingency with clearer costs and risks.

Sources and scope

The video's suggestion that more programs are available does not establish eligibility or guarantee that a seller will accept your offer.

  1. CFPB: Prequalification and preapproval letters Accessed October 6, 2026

General education, not a loan quote, approval or an individual recommendation. Ask the appropriate professional about your situation.

KEEP LEARNING

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