We
Will Sell Your House, Or
ERA Will Buy It!
An
assured sale, an equity advance and greater
negotiating power on your new home. That's the
commitment you get from ERA and the exclusive ERA
Sellers Security Plan (SSP).
Guaranteed
Sale and Closing Date
- ERA still gives
you 180 days to receive a higher price than the
offer from ERA.
- If ERA later
makes a profit on its resale of the house, 100%
of the ERA net profit is returned to you!
An
Equity Advance
- Up to $100,000 of
your equity may be available for you to use as a
down payment and for closing costs on your new
home.
Increased
Buying Power
- The ERA offer
eliminates the uncertainty of contingency
offers.
- You are in a
better negotiating position than other buyers
who may still have to sell a home.
- You have the
flexibility to make a move when you want!
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| Commonly
Asked Questions About the ERA Sellers Security Plan. |
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What
will ERA offer for my house?
If your home
qualifies for the plan, there will be two
independent appraisals, As long as the appraisals
vary by less than 5%, ERA will offer you 90% of
the average of the appraisals.
What
am I required to do?
- List your house
with an ERA broker for at least 180 days.
- Buy another house
through a broker designated by ERA. This house
does not have to be listed with ERA. (Not
required for sellers age 60+ moving to a rental
property or military moving into base housing.)
- Implement the
Five-Point Marketing Plan.
What
is the Five Point Marketing Plan?
This is a program
designed to help maximize the marketability and
sales potential of your home. The five points
include:
- House must be in
move-in condition.
- A general home
inspection completed and required repairs made.
- Property is
pre-qualified for financing through approved SSP
vendors.
- The home must be
covered by an ERA approved Home Warranty.
- Strategic pricing
and marketing strategies must be implemented
including a list price no more than 5% above
appraised value.
What
expenses will I have?
Your cost for
participation in the SSP will include the same
expenses due in any other home sale including the
sales commission and other standard closing costs.
In addition, there are other expenses including:
- An initial
independent appraisal. This is non-refundable if
ERA does not make an offer on your house.
- If ERA makes, and
you accept, a preliminary offer the cost of a
second independent appraisal will be required.
When you accept the final offer, both appraisal
fees will be refunded.
- The cost of a
general home inspection. If ERA closes on your
property, the cost of this inspection is
refunded.
- A commitment fee
of 2.75% based on the ERA purchase price which
is due at closing or cancellation of the
agreement. This fee is due only if you accept
the final ERA offer.
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