While every builder varies, the process generally follows one of these structures:
: The builder (or a partner company) buys your home outright at a predetermined price, usually shortly before you close on your new home. home builders buy your existing home
: You typically stay in your current home until the day your new one is ready. While every builder varies, the process generally follows
: The builder lists your home through their preferred brokerage. If it doesn't sell by your new home's completion date, the builder’s partner buys it from you for a guaranteed backup price. While every builder varies