A Guaranteed Sale is designed to allow you to purchase your new home without a home sale contingency. It establishes a marketing plan that allows you to list your home at a fair market value (determined by an appraisal or a comparative market analysis). If your home sells during the program, at a price which nets you more equity than the Guaranteed Sale agreement, you receive 100% of the profits.
It's Called Peace of Mind!
Most of the homes in the program sell within 0-120 days, bringing more equity to the Sellers than the Guaranteed Sale price. This program allows you to enjoy the excitement of building your new home and eliminates the stress of selling your existing home.
It's a Win/Win Situation
Your existing home is placed on the market at least 180 days prior to the scheduled settlement of your new home. If your home has not sold within this time period then you receive the agreed upon net equity, as determined by the Guaranteed Sale agreement.
This program allows you to:
(Most builders will not begin construction until the existing home is sold).
Guaranteed Lease!
Another option! In the event you choose to retain your existing home and for qualifying purposes needed to secure a written lease, this option offers the same ability to purchase your new home "non-contingent" and "lock-in" the current interest rate.
Your home is placed on the market "for rent" at least 60 days prior to the settlement on your new home. A Guaranteed Lease price is determined and in the event your home does not rent prior to settlement of your new home then the Guaranteed Lease agreement goes into effect.
