Home > ERA Sellers Security Plan
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 closing 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 $500,000 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.
Sellers Security Plan Frequently Asked Questions
What will ERA® offer for my house?
If your home qualifies for the plan there will be an appraisal done by an appraiser selected by you from a list provided by ERA. If an offer made it will be based on the appraised value.
What will I be required to do?
- Agree to implement the ERA Five-Point marketing plan
- List your house with an ERA Broker for at least 180 days
- Buy another house through a Broker designated by ERA.
(can be waived for Sellers age 55+ moving to a long-term
rental property or Military moving into base housing)
Does this mean I have to buy a new home listed with ERA?
No. You are only required to purchase your next home through a Broker designated by ERA.
What expenses will I have?
Your cost for participation in the Sellers Security Plan will include the same expenses due in any other home sale, including the sales commission and other closing costs customary in your market area. You are also responsible for the costs of the appraisal and home inspection.
How Do I qualify for the Sellers Security Plan?
Your house must be a single-family primary residence. Houses must have an average appraised value of at least $50,000. Properties valued in the top 20% of sales per prior 12 month MLS data for town, city, or area, or exceeding $750,000 do not qualify. Mobile homes, co-ops, or multi-family homes are not eligible for the plan. Properties that have an abandoned storage tank on site are also not eligible.
Other conditions also apply. To see if your property is eligible and to learn more, contact ERA REALTY PROs.
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Each ERA® Office is Independently Owned and Operated. ©2001 ERA Franchise Systems, Inc. Conditions apply including a program participation fee: house must meet specific qualifications, and purchase price will be determined solely by ERA; additionally, a second home must be purchased through a broker designated by ERA. Call your participating ERA Real Estate office to review details.
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