Buying a new home can be a lot of work and stress. We have a solution for you with the Llano Trade-Up Program. This program takes stress out of the equation. Start construction for as little as $5000 down OR use your existing home equity as your down payment. In other words, we will trade your current home for a new Llano home!
Trade-Up Process
1. HOME APPRAISAL
Llano will purchase your house for up to 90% of broker’s opinion of value.
2. FIND YOUR NEW HOME
Choose your new home and sign a contract. We will give you time to move from your existing trade home to your newly built home. No rush or danger of multiple mortgage payments.
3. WE BUY YOUR TRADE-IN
Once your new home is complete, we will buy your trade property for up to 90% of the appraised value on the same day you purchase your new Llano home. No need to pay realtor fees on the trade.
*Trades are assessed on a case by case basis.
How It Works
Your Current Home
Broker’s Stated Value: $220,000
Up to 90% of stated value: $198,000
Remaining mortgage: $130,000
Equity in Trade home: $198,000-$130,000 = $68,000
No Realtor Fees
Your New Llano Home
Sales Price: $399,000
Equity from Trade-in property: $68,000
Plenty of time to move
No double mortgage payment