William Raveis Real Estate, Mortgage & Insurance (WRRE) is taking advantage of this highly competitive real estate market, due to low mortgage rates and a high demand for homes and low inventory, according to a press release from the company.

Buyers usually sell their home before they buy another one, but Raveis has launched a new program, “Raveis Purchase,” where the company purchases the seller’s property for an initial payment of up to 80% of the current value of their home. This also unlocks a majority of equity so the home seller can settle any mortgages.

Once the home has been vacated by the owner, Raveis will handle any needed renovations and prepare the home for sale. Raveis then lists and sells the home for the highest price possible and the seller keeps the upside.

This program is convenient for home sellers looking to sell and buy in a hurry. The buyer will not miss out on a possible dream home they are looking to purchase, while waiting for their original house to sell.

“Raveis Purchase is the ultimate in hassle-free home-selling,” Ryan Raveis, co-president of William Raveis Real Estate and President of William Raveis Mortgage, said in the press release. “For homeowners who want to maximize the value of their home and take advantage of this hot real estate market, Raveis Purchase is a no-brainer and a guaranteed sale. They will have cash in hand and be ready for the next home.”