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The ERAŽ Seller SecurityŽ Plan:
"We Will SellYour House, Or ERAŽ WillBuy It!"Ž
Now you can buy a new home before you've sold your old one. That's the promise
of the ERAŽ Sellers Security Plan, and it's just one of many exclusive benefits
designed to give you peace of mind.
Guaranteed sale, guaranteed price.
When you accept an ERAŽ offer, the ERAŽ Sellers Security Plan assures you that ERA
Real Estate will buy your current house if it doesn't sell within 180 days from the
application date. The Sellers Security Plan assures you a guaranteed sale price on
your current home while giving you the ability to purchase your new home sooner
with greater negotiating power. The ERAŽ offer is based in part on two independent
appraisals that ERA Real Estate will order for you. This helps assure both you and
your ERAŽ professional that your house has been accurately valued.
You realize the profit, ERA Real Estate covers any loss.
You will usually receive more than the price guaranteed by the agreement for two
reasons. First, the ERAŽ Sellers Security Plan allows you to accept any higher offer
within 180 days of the date your house is listed. Second, if ERA Real Estate purchases
your house and then resells it for more than we have invested in it (including holding
expenses), the net profits are returned to you. But if they sell it for less you don't
take the loss; ERA Real Estate assumes the expense.
ERA Real Estate can even help with your down payment.
Another advantage of the ERAŽ Sellers Security Plan is our policy of allowing qualified
buyers to borrow against equity. You may use up to $150,000 of
your available equity from the ERAŽ offer to purchase and close
on your new home. So if the down payment on your new home is ERAŽ contingent on the proceeds from your old one, we've got you covered.
Here's how to make it work for you:
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List your house with a participating ERAŽ broker, submit a Sellers Security Plan
application and agree to offer the ERAŽ Home Protection PlanŽ
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Select two appraisers from an approved list. ERA Real Estate will then order the first
appraisal for you at your expense.
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If your home qualifies, ERA Real Estate will provide a preliminary offer to you based on the
first appraisal. Contact your local ERAŽ professional on the policies regarding the amount of
the ERAŽ offer. If you accept the preliminary offer, ERA Real Estate will order a second appraisal
and general home inspection for you at your expense. ERA Real Estate will make a final offer
on a qualified home, giving you the ability and assurance to purchase another home.
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If you accept the ERAŽ final offer, there may be an activation fee of 2.75% based
on the ERAŽ purchase price when: a) you are provided an equity advance from
ERA Real Estate or b) ERA Real Estate purchases the property from you, and you are
reimbursed the cost of both appraisals and the general home inspection whenever
this fee is paid. If your property is sold to a third party prior to the closing with ERA Real
Estate and no equity advance was provided, the activation fee is not due.
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You also agree to purchase a home through a broker designated by
ERA Real Estate. An exception is made for sellers age 55 or over
who are moving to a rental property, or military personnel moving
into base housing.
Not all houses qualify for the ERAŽ Sellers Security" Plan. For complete
information, contact your participating ERAŽ professional.
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