At closing, the plan converts to a Buyer Protection Plan, covering the buyer for one year on the standard plan or years two through five on a new home plan. Costs, conditions and limitations apply. The HPP contract outlines complete terms and conditions. If the home qualifies, ERA will buy the seller's home if it is not sold within 210 days from the application date. It is the only such plan among real estate franchise organizations that is available in all 50 states.
Conditions apply, including a program participation fee.
For details consumers need only contact a participating ERA Real Estate Specialist. Prepare a good faith estimate of anticipated expenses reflecting the estimated net cash you could receive based on your requested price. Conduct a preliminary qualification of prospective buyers before showing your house and endeavor to have cooperating brokers and agents do the same. Assist in arranging affordable financing for you and the buyer of your house, including the use of ERA mortgage services, where available. Make a comparative study of your house and list its features so the probable selling price can be estimated based on recent similar sales and currently competing properties.