Buy a New Home Before You Sell Your Old One With Real Estate Agents
A new program from ERA can help homeowners to buy a new home before they sell their old one. The ERA Sellers Security Plan guarantees to homeowners that the real estate agency will sell their house within 6 months or they will buy it from them for a pre-set amount.
This gives homeowners added confidence that in a worst-case scenario they will have a buyer for their property. It would seem that ERA is taking on a lot of risk with this proposition, but the company is willing to bet big that the real estate market has hit bottom and will be rebounding soon. Real estate agents note that they are already seeing signs of market stabilization and the return of investors who are looking to rent properties. This is an attractive proposition as rental demand and rates remain high while mortgage payments are lower.