Buy Now Sell Later

Key Points to remember:

  • It was created to solve a problem for those clients that are afraid to sell their current home and end up homeless because they cannot find a new one

  • The program utilizes the Cash Offer program as part of the program

  • Annie Mac Private Equity purchases the NEW home NOT the existing home

  • The client does NOT have to qualify for both homes

  • The client can move into the new home immediately after Annie Mac Private Equity purchases the home

  • The client does NOT pay for both homes! They accrue rent against the equity in their existing home

  • The client must list their home within 2 weeks of Annie Mac Private Equity Closing on the new home

  • In most cases, clients list their home immediately after finding a new home, in the hopes the sell their home quickly and close on the new home direct with the seller

  • In the event Annie Mac Private Equity purchases the new home, the client has up to 6 months to purchase the home from Annie Mac Private Equity

  • Some clients choose to use this for convenience and fully intent Annie Mac Private Equity to purchase the home to make the move easier on their family

  • With Buy Now, Sell Later, there are two transactions. First, AnnieMac Cash2Keys purchases the home for you, and you take possession. After you sell your old home, you buy the home from Cash2Keys. A purchase contract is required for each transaction.

  • Cash2Keys wants you and your agent to sell your property to the highest offer. For this reason, we allow you to move into your new home and have 2 weeks of preparation to make it shine for potential borrowers. Cash2Keys only purchases your old home as a last resort. If your home has not sold in 194 days, Cash2Keys purchases your home for the established conditional purchase price so you can take title to your new home.

  • The rent will be approximately equivalent to the total of what mortgage, tax, insurance, and HOA payments will be on the property with no down payment. You will accrue rent from the day that AnnieMac Cash2Keys purchases your property but will not pay the rent until you sell your home. The rent will be pro‐rated, so you won’t pay a full month’s rent if you rent for less than the full month. The Buy Now Sell Later agreement that you sign after approval specifies your rental payment.

  • When you choose to Buy Now, Sell Later, there will be a conditional purchase price. The purchase price is conditional, because if you sell or get under contract for a higher price within 194 days, you are entitled to sell for the highest price and best terms offered to you. If the rare instance where you do not receive a higher offer, AnnieMac Cash2Keys will purchase your old home after 194 days to ensure you can purchase your new home.

  • We typically have an interior broker price opinion completed and perform an analysis of home sales and listings in the market. The conditional purchase price is typically 86% of the home’s market value, minus a 6% real estate sales commission that will be paid when Cash2Keys resells the home.