What ERA Offers
- Seller Security Plan
- ERA Commitment to Service
- Home Protection Plan
- ERA Mortgage
- Preferred Alliance Program
- Five reasons to work with an ERA Real Estate Specialist
Seller Security Plan
If We Don’t Sell Your House, ERA Will Buy It!
Now you can buy a new home before you’ve sold your old one. That’s the promise of the ERA Sellers Security Plan, and it’s just one of many exclusive benefits to give you peace of mind.
Guaranteed sale, guaranteed price.
When you accept an ERA offer, the ERA Sellers Security Plan assures you that ERA will buy your current house if it doesn’t sell within 210 days from the application date. The purchase price offered by ERA is guaranteed, so you’ll know in advance the minimum amount you can expect from the sale of your house, and have plenty of time to see if any other buyer is willing to pay more. The ERA offer is based in part on two independent appraisals that ERA will order for you. This helps assure both you and ERA that your house has been accurately valued.
You realize the profit, ERA covers any loss.
You will usually receive more than the price guaranteed by the agreement, for two reasons. First, the ERA Sellers Security Plan allows you to accept any higher offer within 210 days of the date your house is listed. Second, if ERA purchases 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 you with your down payment.
Another advantage of the ERA Sellers Security Plan is our policy of allowing 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.
Here’s how to make it work for you.
- At the time you list your house with a participating ERA broker, submit a Seller Security Plan application.
- Select two appraisers from an approved list. ERA will then order the first appraisal for you at your expense.
- If you home qualifies, ERA will provide a preliminary offer range, which is an estimated dollar amount of what ERA would offer Based on the first appraisal, as well as other factors. If you accept the preliminary offer range, ERA will order a second appraisal for you at your expense. ERA will make a final offer on a qualified home and will refund both appraisal fees if you accept the final offer. If you do not accept the final ERA offer, the appraisal fees are nonrefundable, but you'll receive copies of both appraisals.
- If you accept the final ERA offer, you agree to pay a program commitment fee of 2.75 percent of the final ERA offer at the time of closing or cancellation.
- You also agree to purchase a home through a broker designated by ERA.
Not all houses qualify for the ERA Sellers Security Plan. For complete information, contact your participating ERA Real Estate Specialist.
ERA Commitment To Service
Your ERA broker’s commitment to you goes above and beyond the terms of a standard listing contract. That’s what the ERA Commitment To Service is all about.
It’s a written document, signed by your broker, that assures you of access to all of the exclusive ERA sales and marketing services.
Those services include the ERA Home Warranty Plans, which protect you and your buyer alike against repairs when your house’s major systems and built-in appliances break down. The ERA Electronic Home Selling Network and national referral network, which market your house to thousands of potential buyers in all 50 states. The ERA Sellers Security Plan, which guarantees If We Don’t Sell Your House, ERA Will Buy It! ®. Plus 12 other services that the majority of consumers rate as important when selling a house.
If your broker fails to live up to these or any other terms of the agreement, you’re free to void your listing contract after a 10-day written notice.
That’s a commitment few brokers are willing to match. At ERA, it’s what being 1st IN SERVICE® is all about.
Home Protection Plan
Protection from the unexpected.
After spending so much time, money and effort buying and moving into your new home, the last thing you want to worry about is a costly breakdown to your furnace, plumbing, or any other major mechanical system or appliance. But since homeowner’s insurance seldom covers such problems, what’s the alternative? One good answer: the ERA Home Warranty Plans.
Comprehensive coverage at a nominal cost.
ERA Home Warranty Plans cover repair and replacement costs on most major home systems and built-in appliances, including heating and cooling systems, duct work, electrical and plumbing systems, water heaters and much more. If a problem does arise, service is always just a phone call away, 24 hours a day, 365 days a year.
You the most you’ll ever pay for a service call is a modest deductible. And the cost of the coverage itself is nominal in fact, for many buyers, it’s included in the price of the house.
Two Plans one for buyers, one for sellers.
There are actually two ERA Home Warranty Plans one for buyers, and one for sellers. With the ERA Buyer Protection Plan, standard coverage extends for one full year after your purchase. The ERA Seller Protection Plan offers similar coverage to sellers while their house is on the market, under the condition that they purchase the coverage for the buyer. So if the home you buy is covered, you receive full protection for no additional cost.
Special coverage for condominiums and new homes.
In addition to the standard coverage described above, ERA also offers limited protection for condominiums, covering essentials that include the home’s water heater, interior plumbing fixtures and built-in appliances for your first full year.
And for new homes, ERA offers the Extended Home Warranty Plan, which covers the same systems and fixtures protected in pre-owned homes from the time your builder’s first-year warranty expires through the end of your fifth year in the home.
For exact costs and conditions of the ERA Home Warranty Plans, call your local ERA Real Estate Specialist.
ERA Mortgage
ERA Mortgage — Always There For Your Mortgage Needs.
Applying for a loan has never been easier. Simply call (888) 325-4135. ERA Mortgage Loan Consultants are available to take your call throughout the business day as well as during evening and weekend hours. You can call from work, home, or even while you're on the road-they're ready when you are.
The Loan Consultant will gather your initial information during a conversation that usually takes only about 15 minutes. There are no workbooks to fill out. Your Loan Consultant will mail you a complete package for your review and signature. Once you sign the required documents, return the package with all required documentation and we receive a satisfactory appraisal, the application is complete. It's that easy!
To apply online or use our online calculator tools: Click here to visit the ERA Mortgage Web site. Site features include:
- "Rent vs. Buy," "Maximum Loan Amount," and "Monthly Mortgage Payment" calculators
- An online "Mortgage Consultant" that guides you through the site
- Complete application form online
- A FREE loan decision in just 3-hours-GUARANTEED!*
Preferred Alliance Program
ERA offices take an uncommon approach to their commitment to you. One that continues to deliver added value long after the process of buying or selling your home is done.
That’s why your local ERA Real Estate Specialist is proud to present you with the money-saving opportunities you’ll find inside our booklet, that we offer for FREE to our customers, all of which are part of the ERA Preferred Alliance Programs that offer you one-stop shopping and extraordinary purchasing power.
This value-added program is another example of the ERA commitment to bring the entire real estate process to a level never before imagined. And it’s the ERA way of saying thank you for choosing the ERA system.
Five reasons to work with an ERA Real Estate Specialist
- ERA Real Estate Specialists are
specialists in their home communities
They make it their business to be. Whether you need information about neighborhoods, city services, even sources of financing for your home, look to your ERA Real Estate Specialist first.
- Nobody can show you more homes than
an ERA Real Estate Specialist
Beyond subscribing to local MLS's, your hometown ERA office is linked to every other ERA office with the Electronic Home Selling Network, a computerized system that lets you preview homes through a national listing database.
- Your ERA Real Estate Specialist
truly is 1st in Service."
Every ERA broker and agent has participated in the most comprehensive, service oriented training in the real estate industry. And a powerful national referral and resource center and thousands of other ERA offices nationwide back their service to you.
- Your ERA Real Estate Specialists
offers the ERA home Warranty Plans
They cover unexpected repair expenses when many of your new home's major mechanical systems and components break down, along with the peace of mind of service that's always just a phone call way.
- Just the kind of help you’d
expect from a friend.®
That commitment comes naturally to ERA Real Estate Specialists; most say the most rewarding aspect of their work is the chance to help people. That means we'll listen carefully to you, then work hard to help you find the home that matches all your need - and your dreams.
