Sellers Security Plan Frequently Asked Questions
What will ERA Franchise Systems, Inc. offer for my house?
If your home qualifies for the plan, ERA Franchise Systems, Inc. will offer you 90% of the appraised value. ERA Franchise Systems, Inc. will order the appraisal but you will select a local appraiser from an approved list. If at any time another offer is presented to you for more money than the offer you accepted from ERA Franchise Systems, Inc. you close with that buyer at a higher price.
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 Franchise Systems, Inc. (Not required for sellers age 55+ moving to a rental property or military moving to base housing)
Does this mean I have to buy a new home listed with ERA® Broker?
No. You are only required to purchase your next home through a Broker designated by ERA Franchise Systems, Inc.
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. In addition there are certain other costs including an independent appraisal and home inspection.
Am I required to submit an application immediately upon listing with an ERA® Broker?
No, one of the benefits listing with an ERA® Broker is the program remains an option for you to use at a later date. Also keep in mind that by listing with an ERA® Broker, a prospective buyer who needs to sell their current home to buy yours can use this program!
Certain conditions apply. For complete details, contact ERA Othello Realty.
Contact ERA Othello Realty for full details.
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