Sellers Security Plan

ERA Franchise Systems, Inc., a subsidiary of Cendant Corporation has the financial resources to offer this Guaranteed Sale Program!

Guaranteed Sale & Closing Date

• You will still have 180 days to receive a higher price than the ERA© offer
• If ERA Franchise Systems, Inc. later sells your house for a price higher than the ERA© offer amount, 100% of the net profit is returned to you.*

An Equity Advance

• Up to $150,000 of your equity is available for you to use for a down payment and closing costs on your new home.
• If you have sufficient equity, ERA Franchise Systems, Inc. will make up to four house payments on your old house.

Frequently asked questions about the ERA Sellers Security© Plan

What will ERA Real Estate offer for my house?

If your home qualifies for the plan, there will be two independent appraisals. As long as the appraisals vary by 5% or less, ERA Real Estate will offer you 90% of the average of the appraisals

What an I required to do?

• List your house with an ERA© broker for at least 180 days.
• Buy another house through a designated ERA© broker. This house does not have to be listed with an ERA© broker. (Not required for sellers age 55+ moving to a rental property or military moving into base housing).
• Implement the Five-Point Marketing Plan.

What is the Five-Point Marketing Plan?

This is a program designed to help maximize the marketability and sales potential of your home. The five points include:

• House must be in move-in condition.
• A general home inspection completed and repairs made
• Property pre-qualified for financing through approved SSP vendors.
• The home must be covered by an ERA© approved home warranty plan.
• Strategic pricing and marketing strategies must be implemeneted

What expenses will I have?

Your cost for participation in the SSP will include the same expenses due in any other home sale including the sales commision and other standard costs. In addition, there are other expenses including:

• An initial independent appraisal. This is non-refundable if ERA Real Estate does not make an offer on your house.
• If ERA Real Estate extends (and you accept) a preliminary offer, the cost of a second independent appraisal will be required. When you accept the final offer, both appraissal fees will be refuunded.
• The cost of general home inspection. If ERA Real Estate closes on your property, the cost of this inspection is refunded.
• A commitment fee of 2.75% based on the ERA© purchase price which is due at closing or cancellation of the agreement. This fee is due only if you accept the final ERA© offer.

How do I qualify for the ERA Sellers Security© Plan?

Call your participating ERA© real estate professional to see if you qualify. Your house must meed certain requirement and other conditions may also apply.