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Our Pledge…
“We will sell your house, or ERA will buy it!”
Guaranteed Sale & Closing Date
- You will still have 180 days to receive a higher price
than the ERA offer.
- If ERA Franchise Systems, Inc. later sells your house
for a price higher than the ERA offer amount, 100% of the
net profit is returned to you.*
An Equity Advance
- Up to $150,000 of your equity is available for you to
use for a down payment and closing costs on your new home.
- If you have sufficient equity, ERA Franchise Systems,
Inc. will make up to four house payments on your old house.
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
*After deducting holding expenses.
Commonly asked questions about the ERA
Sellers Security Plan
What will ERA Real Estate offer for my house?
- If your home qualifies for the plan, there will be two
independent appraisals. As long as the appraisals vary by 5%
of less, ERA Real Estate 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 designated ERA broker. This
house does not have to be listed with an ERA broker. (Not
required for sellers age 55+ 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 pre-qualified for financing through approved
SSP vendors.
- The home must be covered by an ERA approved home
warranty plan.
- Strategic pricing and marketing strategies must be
implemented.
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 costs. In addition, there are
other expenses including”
- An initial independent appraisal. This is non-refundable
if ERA Real Estate does not make an offer on your house.
- If ERA Real Estate extends (and you accept) a
preliminary offer, the cost of a second independent
appraisal and general home inspection will be required.
An activation fee of 2.75% based on the ERA purchase price
when:
- You are provided an equity advance from ERA Real Estate
or
- ERA Real Estate purchases the property from you.
*If your property is sold to a third party prior to closing
with ERA Real Estate and no equity advance was provided, the
activation fee is not due.
*you will be reimbursed the cost of both appraisals and the
general home inspection whenever this fee is paid!
How do I qualify for the ERA Sellers Security Plan?
Call your participating ERA real estate professional to see
if you qualify. Your house must meet certain requirements and
other conditions may also apply.
The ERA Sellers Security Plan increases the number of buyers
for your home!
Whether or not you make application for this plan, by listing
with your local ERA Broker, prospective buyers can often take
advantage of the Sellers Security Plan in order to sell their
home to buy yours. ERA Real Estate will also give qualified
buyers an equity advance up to $150,000 to use for a down
payment and closing costs on your home giving you the assurance
they can close in a timely manner.
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