What Is Bridge Financing?
Submitted by Andrew Shackleton on
I see a lot of people in my line of work and more than a few are in the process of buying and selling with another agent. Bumping into people who are already represented is a normal part of our business, and chatting about real estate is something I enjoy regardless.
Last summer I met two couples who’d bought new places but hadn’t sold their existing homes yet. Needless to say they were a bit anxious to get their homes sold. This got me thinking about the stress they must be feeling, and I wondered if these couples knew about a financing option called a bridge loan.
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