The ERA Sellers Security Plan:
"We Will Sell Your House, Or ERA Will Buy It!"
Now you can buy a new home before you've sold your old one. That's the promise of the ERA® 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 ERA® offer, the ERA® 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 giving you the ability to purchase your new home sooner, with greater negotiating power. The ERA® offer is based in part on an independent appraisal that ERA Real Estate will order for you. This helps assure both you and your ERA® 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 ERA® 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.
The ERA Mortgage Equity Advance Option can even help with your down payment.*
If you and your house qualify, ERA Mortgage can advance you up to $500,000 of your available equity for a down payment and closing costs on your new home. This is ideal for a homebuyer who intends to purchase a new home before closing on their existing home. The equity advance is paid back when your current home is sold or bought by ERA Real Estate. For details e-mail Equity.Option@era.com.
Here's how to make it work for you:
Not all houses qualify for the ERA® Sellers Security® Plan. For complete information, contact your participating ERA® professional.
- List your house with a participating ERA® broker, submit a Sellers Security® Plan application and agree to offer the ERA® Home Protection Plan® (please see Question 20).
- Select an appraiser from an approved list. ERA Real Estate will then order the appraisal and home inspection for you at your expense.
- If your home qualifies, ERA Real Estate will provide an offer to you based on the appraisal giving you the ability and assistance to purchase another home. Contact your local ERA® professional on the policies regarding the amount of the ERA® offer.
- 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 into a rental property, or military personnel moving into base housing.
*Neither ERA Franchise Systems. Inc. nor its affiliated companies, including Cendant Corporation, provides any product or service in connection with the ERA Mortgage Equity Advance Option. All products and services provided by ERA Mortgage.