ERA WILL BUY IT!!

Guaranteed sale. Guaranteed price.

When you accept an offer from ERA Franchise Systems, Inc for your home, the Sellers Security® Plan assures you that ERA Franchise Systems, Inc. will buy your current house if it doesn't sell within 180 days from the application date. ERA Franchise Systems, Inc. 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 Franchise Systems, Inc. Covers Any Loss.
Almost always, you will receive more than the price guaranteed by the agreement. If ERA Franchise Systems, Inc. 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 Franchise Systems Inc. sells it for less, you don't take the loss, ERA Franchise Systems, Inc. does.

ERA Mortgage Equity Advance Option Can Even Help With Your Down Payment.*
The ERA Mortgage Equity Advance Option 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 financed through ERA Mortgage. So if the down payment on your new home is contingent on the proceeds from your old one, the ERA Mortgage Equity Advance Option has you covered. Contact Tammy Starr for more details.

Increased Buying Power
The ERA® offer eliminates the uncertainty of contingency offers giving you the flexibility to move when you want. You are in a better negotiating position than other buyers who may still have to sell a home.

Sellers Security Plan Qualification
Your house must be a single-family primary residence. Houses must have an average appraised value of at least $50,000 and not more than $750,000. 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.

Certain conditions apply. For complete details, please contact Tammy Starr at (860)625-0354.

* Neither ERA Franchise Systems, Inc. nor its affiliated companies, including Cendant Corporation, provides any product or service in connection with the ERA Mortgage Equity Advance Option. All products and services provided by ERA Mortgage.

Program Overview 

What Are The Benefits to A Seller?

There are three unique core benefits of the Seller Security Plan.

• Non-contingency status: Sellers that need to purchase another home but can't because their current home is not sold find this program of great value. The plan provides a guaranteed sale and closing date resulting in increased buying power.
• Increases the number of buyers for their home: when a Seller lists with ERA®, prospective buyers can often times take advantage of the Seller Security Plan in order to sell their house to purchase that ERA® listing. In essence, we increase the pool of buyers for all our listings, especially a home that will attract a move-up buyer. This benefit is another reason to list with ERA® regardless of the Seller's interest in the Seller Security Plan.
• A multitude of options: If in the event a Seller needs a contract quicker than one can be market generated, by listing with ERA® a contract can be forthcoming to enable their next home purchase. And if in the event our optimism about their home selling is wrong due to economic conditions outside our control, by listing with ERA® they have the option at any time to proceed with our guaranteed sale program.

Seniors / 55+ Retirement Communities

Many seniors are reluctant to put their house on the market until they have purchased a new one or made definite arrangements in a retirement community. The Sellers Security® Plan is a valuable option for those seeking the comfort of a guaranteed sale before making a significant change in lifestyle. For those seniors that have made other living commitments and need assurance their old house will sell, this plan provides the solution.

QUALIFYING HOUSES

Carefully review the Buyout Assessment Form in the Seller Security Plan Application which lists incurable property and market related problems. If a property exhibits any of these characteristics, the property MAY not qualify for the program. Examples include, busy road locations, non-functional floor plans, non-conforming style and services, neighborhoods with average marketing time over six months or lack of comparable sales.

• The Seller Security Plan -  Five-Point Marketing Plan will increase a property's chance of selling, providing the overall property and neighborhood appeal to a sufficient number of buyers. The Marketing Plan ensures effective pricing and conditioning. It cannot correct a typical appeal. If a house or neighborhood only attracts that "special buyer", ERA Franchise Systems, Inc. will most likely decline to make an offer.

Seller Eligibility Requirements

Conditions and limitations apply, including the following:

SELLER MUST:  

 Enter into an exclusive listing agreement on the property, not to exceed any prior list price, for a period of at least 180 days from the Seller Security Plan application date.

• Agree to implement the Seller Security Plan Five-Point Marketing Plan.
• Purchase their next primary residence through a broker designated by ERA Franchise Systems, Inc.; and close on the new purchase by the 180th day after the Seller Security Plan application date. NOTE: This requirement can be waived for Sellers age 55+ moving to a long-term rental property or military personnel moving into base housing.
• Pay for an appraisal and home inspection to determine if ERA Franchise Systems, Inc. can provide an offer. The Seller will select the appraiser from a list of ERA® approved appraisers. The Seller Security Plan Department will order this appraisal based on a 90-120 day marketing time. These costs are at Sellers sole expense.
• Have a minimum of 20% gross equity in property, or necessary funds available for closing with ERA Franchise Systems, Inc. Seller must be current on all mortgages. Seller will be responsible for mortgage payments and maintenance on the property until closing.

Property Eligibility Requirements

PROPERTY MUST:

• Be a single-family primary residence. Town homes and condominiums do qualify. The house can be vacant at time of application but cannot be rented at any time during the Seller Security Plan listing period.
• Have a minimum appraised value of at least $50,000. Maximum appraised values are based upon local statistics. 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. (Maximum ERA® offer: $675,000.)
• Be marketable. The condition and appeal must meet or surpass typical buyer expectations for area and price range. (See Move-In Condition Form in Seller Security Plan Application.)
• Be located in the Broker's primary marketplace.
• Receive written approval by ERA Franchise Systems, Inc. after review of the Buyout Assessment, appraisal and inspection.

CERTAIN PROPERTIES DO NOT QUALIFY:

·  Mobile homes

·  Cooperative

·  Multi-family structures

·  Investment properties

·  Properties with abandoned underground storage tanks 

Application Procedures

If you agree to the terms and conditions of the Seller Security Plan and the property qualifies:

    1.  You sign the Application and Appraisal Authorization page, retaining one copy.

    2.  ERA provides you with a list of approved appraisers and you selects one. **

    3.  Your application is immediately forwarded  to the Seller Security Plan Department, along with the following:

a.       SSP Dept. copy of signed Application & Appraisal Authorization with Seller's choice of appraiser
The appraisal and home inspection must be ordered by the SSP Department

b.       SSP Agent Questionnaire

c.        Buyout Assessment Form

d.       Move-In Condition Form

e.       SSP Transmittal Letter & Broker Agreement

f.         Copy of 180 Day From Application Exclusive Right to Sell Listing Agreement

g.       Copy of Property Disclosure Form

h.       Copy of ERA® Buyer Protection Plan Application

i.         Comparative Market Analysis

j.         Printout of ERA® Referral Information page and referral number*

ERA Mortgage Equity Advance Option *

The ERA Mortgage Equity Advance Option allows qualified Sellers to borrow against their equity. Up to $500,000 of equity may be available to use for a down payment and closing costs on a new home financed through ERA Mortgage. The Equity Advance is paid back when the current home is sold or bought by ERA Franchise Systems, Inc. This program provides your customer the convenience of one-stop shopping for the Equity Advance and new home financing. For details contact Tammy Starr at (860)625-0354 

* Neither ERA Franchise Systems, Inc. nor its affiliated companies, including Cendant Corporation, provides any product or service in connection with the ERA Mortgage Equity Advance Option. All products and services provided by ERA Mortgage.