We've been gearing up to sell our primary residence, with plans to then find and purchase a replacement property. The one thing we've been planning for is how to avoid "moving twice", especially since we have a young toddler in tow right now. To that end, we were going down the path of selling with a contingency on 'finding' a replacement, and then carefully engineering the closing of both the sale and purchase. The other option we're also looking into is the possibility of a bridge loan, but those conversations have only just started with our intended lender, so we don't know the scale of our options there yet.
In reading some posts on here tonight, I was reminded that mainly out of curiousity 3 weeks ago, I had submitted requests for offers to both both Zillow and OpenDoor. The initial numbers I saw at that time were impressive, but I heavily discounted them as I figured they would eventually be much lower after getting through their various walkthrough and inspection steps. Regardless, I went back to my offer pages for both, and while Zillow says they need to recalculate the original (expired) offer, OpenDoor's page took a few moments to 'refresh' their (also expired) offer and presented me with an offer that was higher than their first. It seems I have nothing to lose (but time), so I've gone ahead and scheduled the next calls/video walkthroughs with both Zillow and OpenDoor, just to see where that takes me.
But at least in reading this experience here, https://www.reddit.com/r/RealEstate/comments/o8l5r5/opendoor_vs_zillow_offers_our_experience/ , it almost seems that selling our house to Zillow or OpenDoor would give us the flexibility to find and purchase our replacement home? At least, much more flexibility than the traditional sell-with-contingency path we have been originally planning for, and perhaps more cost-effective than going down the bridge loan route?
Is there anything I might be totally missing here?
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source https://www.reddit.com/r/RealEstate/comments/oat6wl/need_to_sell_then_buy_is_selling_to/
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