Signature Solution
Your Next Home. A Plan for the One You Own.
Ready for your next home, but still need to sell? Compare Planet Home Lending’s Purchase EDGE and Purchase EDGE Guarantee with me so we can build a move around your budget and timeline.
Buy Now. Sell Later.: What You Need to Know
Buying and selling at the same time creates a lot of moving parts. Planet offers two different ways to coordinate those transactions through Planet Management Group (PMG), a Planet subsidiary. One involves selling your current home to PMG before your next closing; the other provides a backup buyer while you market the home. I’ll help you compare the costs, expected proceeds, and obligations before you choose.
Who This Is For
- Homeowners planning a move who need a coordinated purchase and sale
- Buyers who want to evaluate an offer without a home-sale contingency
- Families comparing a direct sale with listing their current home
- Texas homeowners in eligible metropolitan areas
- California homeowners exploring Purchase EDGE Guarantee, subject to location and program approval
How It Works
Two Paths From Your Current Home to Your Next One
Purchase EDGE: Sell to PMG Before Your Next Closing
Consider this option when coordinating a direct sale and reducing the work of listing your home are priorities. It is not available in California.
- Review the offer and costs. Confirm eligibility, the agreed purchase price, inspection, and sale terms. You pay the inspection cost; the program fee is 2% of your home’s sale price. We’ll review other applicable costs and expected proceeds too.
- Sell your current home to PMG. Planet’s published schedule allows PMG to purchase up to seven days before you close on your next home. Review mortgage payoffs and when any proceeds will be available with the closing team.
- Close on your next home and move. Coordinate possession and moving dates in the written agreements. PMG handles listing your former home after buying it, so you are not responsible for finding its next buyer.
- Review the resale accounting. If the resale produces extra profit, Planet states that you receive 75% of that extra profit after fees and costs. Confirm the calculation and payment terms in your agreement.
Purchase EDGE Guarantee: Market Your Home With a Backup Buyer
Consider this option when you want to buy first and pursue a sale with your own agent, supported by an agreed backup purchase.
- Arrange the guarantee before committing. Review property and mortgage eligibility, the valuation, and the written backup purchase terms. PMG pays for the inspection. Confirm your financing and cash needs before writing an offer without a home-sale contingency.
- Close on the new home, then list promptly. Your current home must be listed within 10 business days of your new home’s closing. Coordinate that deadline and your marketing plan with your chosen agent.
- Market the home during the sale window. If you sell it, you keep the extra profit and pay the $3,500 program fee when it sells. Selling costs, mortgage payoffs, and ongoing property expenses still affect your net proceeds.
- Use the backup purchase if needed. If the home remains unsold 180 days after your new closing, PMG purchases under the program agreement. Planet states a price of 75% of estimated value and waives the $3,500 fee if PMG buys. Review the conditions and expected proceeds in advance.
Compare Your Options
A Direct Sale or a Backup Buyer?
| Detail | Purchase EDGE | Purchase EDGE Guarantee |
|---|---|---|
| PMG purchase timing | Up to 7 days before your next closing | If unsold 180 days after your next closing |
| Listing responsibility | PMG handles the listing | List within 10 business days after your next closing |
| Inspection paid by | Homeowner | PMG |
| Program fee | 2% of the home’s sale price | $3,500 when your current home sells; waived if PMG buys |
| Resale upside | 75% of extra profit after fees and costs | 100% of extra profit if you sell |
How It Works
Your Buy Now. Sell Later. Roadmap
No mystery steps, no waiting a week to hear back. Here is exactly how the process runs from first call to closing table.
- 1
Review your scenario
Send me your current address, approximate mortgage balance, target purchase, and timeline. We’ll check property, location, and financing eligibility.
- 2
Compare the written terms
Review the valuation, purchase terms, fees, closing costs, and estimated proceeds for the available option. Ask questions before signing.
- 3
Coordinate the purchase and move
Your selected program determines when your current home changes hands. We’ll coordinate that schedule with your agent and new mortgage approval.
- 4
Follow the sale requirements
For the Guarantee option, your listing deadline and backup purchase terms matter. Keep the agreed milestones in view with your agent.
Key Benefits
Why Borrowers Choose This Program
Make an offer without waiting for a sale
Purchase EDGE Guarantee supports an offer without a home-sale contingency through a backup buyer. That can give a seller more certainty about your sale timeline, although your financing still needs approval and the seller decides which offer to accept.
Reduce the disruption of moving
Coordinating your sale and purchase can help avoid an interim rental, storage, and a second move. We’ll confirm closing and possession dates so you know when you can leave one home and enter the next.
Choose convenience or market exposure
With Purchase EDGE, PMG purchases your home and handles its listing, reducing the need to prepare for showings while living there. With Guarantee, you and your chosen agent market the home, with a defined backup purchase if it remains unsold.
Keep an opportunity for additional proceeds
If you sell through the Guarantee option, you retain the extra profit, subject to your transaction costs. Purchase EDGE provides 75% of extra resale profit after fees and costs. We’ll compare estimated net proceeds, not just the headline sale price.
Eligibility
Check the Property and Loan First
Eligible metropolitan areas only. Both options exclude AK, D.C., HI, MA, NY, Puerto Rico, and the U.S. Virgin Islands; Purchase EDGE also excludes CA. Rural properties and condos are ineligible.
Excluded financing includes Bond, USDA, Renovation, Jumbo, Non-QM, Down Payment Assistance, and Manufactured Housing programs. Additional exclusions may apply.
Terms may change or end without notice; stated expiration: December 31, 2026. Third-party delays remain possible. Planet recommends attorney review of agreements.
Read Planet’s program details and disclosures. Let’s confirm your eligibility and complete costs before you make a commitment.
At a Glance
The Numbers, Plainly
Guidelines shown are general and current as of publication. Program availability varies by state, property, and borrower eligibility, and all loans are subject to full underwriting approval.
- Program options
- Purchase EDGE / Purchase EDGE Guarantee
- Texas
- Eligible metropolitan areas; approval required
- California
- Guarantee option only; eligible areas and approval required
- Credit and equity
- Individual review; no minimum published on the corporate page
- Program expiration
- December 31, 2026, unless changed or terminated earlier
Myths & Misconceptions
Things People Believe That Cost Them Money
A backup buyer means I receive full market value.
Read the backup purchase price carefully. It can materially change your proceeds compared with a sale to a buyer on the open market.
An offer without a sale contingency is guaranteed to win.
The seller still decides which offer to accept. Price, financing, inspections, and closing terms all matter.
The program fee is my entire cost.
Review the complete transaction estimate, including applicable inspections, closing and selling costs, and ongoing home expenses.
Client Experience
“The best mortgage experience we have ever had.”
Move-Up Buyer
Georgetown, TX
Testimonials reflect individual experiences. Results vary and are not a guarantee of future outcomes.
Not sure this is your program?
That is what the free strategy call is for. Twenty minutes, no obligation, and you leave knowing which financing path actually fits your situation.
Book a Free Strategy CallQuestions
Buy Now. Sell Later. FAQs
Start with your priorities: convenience, expected proceeds, timing, and comfort with marketing the home. I’ll compare the available written offers with you.
Planet permits you to choose your agent. With the Guarantee option, coordinate the required listing timeline; with Purchase EDGE, PMG handles the listing after purchasing.
These options involve a purchase or backup purchase by PMG. Ask for a separate financing comparison if you are also considering borrowing against your equity.
No. Your property, location, financing, and program terms require review. The corporate page does not establish a universal credit score, equity minimum, or approval turnaround.
Your current home address, approximate mortgage balance, desired purchase price, and expected move date are a useful starting point. We can discuss documents through the application process.
Let’s Solve Your Mortgage Situation.
Apply online in about 12 minutes, or grab a free 20-minute strategy call. Either way, you’ll leave knowing more than you do right now.