What is Next Move Equity ?

Acquire funds for your upcoming home purchase and enhance your offer strength by eliminating contingencies. Next Move Equity is a residential sale- leaseback initiative designed to streamline the home buying process for those who currently own a property

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Why choose Next Move Equity?

  • Avoid Unnecessary Expenses

    Sidestep the hassle of relocating repeatedly to short-term rentals or being tied down by a lengthy lease, and save on the expenses associated with multiple moves.

  • Make Stronger Offers

    When you sell your current home to Next Move Equity, you receive cash for your future home and eliminate home sale contingencies, enabling you to submit more robust offers for your next property.

  • Retain Equity

    Once you discover your dream home, instruct us to list your previous residence on the open market. You then receive your home’s equity minus the program fee and traditional closing costs.

Next Move Equity Difference

Lenders*

CREDIT SCORE REQUIREMENTS Credit620+

CreditNone

Debt-to-Income Requirements Debt~43-50%

DebtNone

CASH FUNDING Up TO 80%

of the home value in the form of a loan, paid back with interest

Up to 80% of the appraised home value as cash

EXPENSES COVERED

NoneNone. However, taxes and insurance may be escrowed.
Property Taxes HOA Fees Homeowners Insurance Repairs & Maintenance**

INCOME VERIFICATION REQUIREMENTS

StrictStrict

FlexibleFlexible

How Next Move Equity Works

01

Get Approved

We will match you and your home with the best program and the estimate of your home’s current value and cash funding amount. Then just let us know when you are ready to proceed.

Step
02

Go to Closing and get your Cash

Following the conventional 4-6 week real estate home closing process, once your property is sold to Next Move Equity, you receive the predetermined cash amount, and your lease commences.

Step
03

No need to Move

As you search for your next home, you remain a tenant. Within the initial nine months of your lease, you have the flexibility to instruct Next Move Equity to sell the home on the open market.

Step

Your Costs

This Program consists of two real estate transactions.

Costs

INITIAL SALE

Program Fee

Next Move Equity’s Program Fee is 3% of the current value of your home which will be taken out of the proceeds.

Closing Costs

You are responsible for all closing costs. This typically run 1-2%, but vary due to location.

SECOND SALE

Timing Preference Fee

If your home sells in 120 days there is no timing preference fee. If it sells between 121-180 days, there is a timing preference fee of 1%. If it goes beyond that an additional timing preference fee of 1% will be charged.

Closing Costs

When you have Next Move Equity sell your current home you will be responsible for the seller’s closing costs.

Time to make your equity work for you!

Contact us today and see how Next Move Equity’s sale-leaseback program can help you today.

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Disclosures

  • *

    Lender requirements vary.

  • **

    Tenants are responsible for regular maintenance, cosmetic repairs, and cleaning of the property and its common areas.