Guaranteed
sale, guaranteed price.
When
you accept an ERA®
offer, the Sellers Security Plan assures you that ERA
will buy your current house if it doesn't sell within
180 days from the application date. ERA guarantees the
purchase price offer, so you'll know in advance the
minimum you can expect from the sale of your house.
You'll also have plenty of time to see if any other
buyer is willing to pay more.
You
get the profit, ERA covers any loss.
Almost always, you will receive more than the price
guaranteed by the agreement. If ERA ends up purchasing
your house and then resells it for more than we have in
it (including holding and marketing expenses), the net
profits are returned to you. But if ERA sells it for
less, you don't take the loss, ERA does.
ERA
can even help with your down payment.
The ERA Sellers Security Plan allows qualified buyers to
borrow against equity. You may use up to $100,000 of
your available equity from the ERA offer to purchase and
close on your new home. So if the down payment on your
new home is contingent on the proceeds from your old
one, we've got you covered. Not all houses qualify for
the ERA Sellers Security Plan and the purchase price
will be determined solely by ERA. The ERA Sellers
Security Plan Application outlines complete terms and
conditions. Contact your local ERA Office for more
information.