'Buy before you sell' options are remaking real estate
A new wave of mortgage financing options, like Flyhomes, is helping homeowners buy before selling their current property, easing the stress of simultaneous transactions. Data shows 60% of sellers in 2025 were also concurrent buyers, highlighting the need for smoother housing market mobility solutions.
Matt Gehr and his wife Amber faced a common challenge when upgrading from their condo to a single-family home: needing to sell their current property before buying a new one. They secured a contingent offer on a new house using a $5,000 non-refundable deposit, allowing them to move forward even before their condo sold within the 20-day contract window. The process was stressful, but they avoided the financial strain of paying two mortgages simultaneously. Financing options like Flyhomes are addressing this issue by enabling homeowners to buy a new residence before selling their current one. Founded in 2016, Flyhomes offers innovative mortgage solutions to simplify transitions, particularly for buyers who face delays or uncertainties in selling their existing property. CEO Tushar Garg argues that traditional financial systems fail to accommodate these needs, creating unnecessary friction in the housing market. Real estate agents like Jill Comfort in Phoenix emphasize the complexity of coordinating simultaneous buy-and-sell transactions. Delays—such as lender issues or weekend closings—can leave buyers stranded without temporary housing. Comfort advises clients to prepare backup plans, including hotel stays or short-term rentals, to mitigate risks. Mortgage broker Todd Galde, based in the Bay Area, specializes in these transitions using Flyhomes’ financing. He helps clients, particularly older adults, smoothly transition into their final homes without the logistical burdens of dual mortgages or rushed timelines. While costs are involved, the flexibility allows buyers to focus on their new chapter rather than the stress of overlapping transactions. Data from Realtor.com indicates that 60% of sellers in 2025 were also concurrent buyers, underscoring the demand for solutions that reduce market stagnation. Economist Jake Krimmel notes that these joint buyer-sellers play a key role in keeping housing markets active, despite lingering mortgage rate lock-in effects.
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