Selling Your Home to Buy a New One: Explore Bridge Financing

Disclaimer: This video is not legal advice. Consult with a qualified legal professional for advice tailored to your circumstances.

Find out how bridge financing can help avoid the stress and legal risks of buying and selling a home on the same day. Without it, you’d need to sell your current property before purchasing a new one, leaving you vulnerable if the buyer doesn’t have their funds ready. This can delay your purchase and potentially put you in breach of contract.

Bridge financing allows you to complete your new home purchase first and sell your existing property shortly after. It offers more flexibility for your move and helps avoid costly delays and complications.

Ontario real estate lawyer, Jason Lane of Devry Smith Frank LLP and Woitzik Polsinelli LLP has extensive knowledge of real estate transactions and his attention to detail and commitment to client communication help to simplify the process for homebuyers.

For legal support with real estate purchases, contact Jason Lane at jason@durhamlawyer.ca or 289-220-3241.