Sellers Security Plan Frequently Asked Questions
What will ERA Franchise Systems LLC offer for my house?
If your home qualifies for the plan, ERA Franchise Systems LLC will offer you 90% of the appraised value. If at any time another offer is presented to you for more money than the offer you accepted from ERA Franchise Systems LLC you close with that buyer at a higher price. You always have the option to cancel your purchase agreement with ERA Franchise Systems LLC at any time. The appraisal process is described within the application.
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 LLC (Not required for 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 LLC.
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, see your participating ERA® Broker.
Contact an ERA Office for full details.
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