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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 marketing 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 $100,000 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. Not all houses qualify for the ERA Sellers Security Plan and the purchase price will be determined solely by ERA. The ERA Sellers Security Plan Application outlines complete terms and conditions. Contact your local ERA Office for more information.