ERA Sellers Security Plan
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.
Conditions apply: house must meet specific qualifications and purchase price will be determined solely by ERA Franchise Systems LLC. Additionally a second home must be purchased through a broker designated by ERA Franchise Systems LLC. Call your local participating ERA® Professional to review details.
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 service members 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