Seller’s Choice Program:
The Perfect Solution for Homeowners Who Want to Sell and Buy Without the Risk
Are you a current homeowner looking to sell, downsize, or upgrade but worried about finding and purchasing the perfect replacement home? Don't worry – we've got you covered!
The Seller’s Choice Program is designed to keep you in control throughout the entire process by solving this dilemma. Here's how it works:
You list your home for sale with a contingency: the sale depends on successfully finding a replacement property. Typically, sellers cannot back out of a sale once an agreement is in place unless the buyer doesn't perform. However, with this contingency, you, as the homeowner, are protected, allowing you to proceed with peace of mind.
On the other side, purchasing your replacement property is contingent on successfully selling your current home, ensuring you're protected in both transactions.
How It Works
Contingent Sale: You list your property for sale, but the sale is contingent upon finding a suitable replacement property. This gives you the time you need to find the right home without the fear of being stuck without a place to go.
Experienced Guidance: Since this process involves many moving parts, it’s essential to work with an experienced Realtor who can expertly guide you through each step.
Buyer Considerations: The buyer for your current property should ideally be someone renting month-to-month or living with family. This ensures that there are no conflicts or delays on the buyer’s side, as it may take time (from weeks to months) to identify and enter escrow on your replacement home.
Timing is Key: Once you’ve entered escrow for your replacement property, the buyer for your current property must meet all timeline deadlines, including inspections and
appraisals to ensure a smooth and timely closing. Ideally, both transactions should
close within 24 hours of each other, with the escrow teams from both sides coordinating to wire the proceeds from your sale to the escrow for your new home.
Smooth Transition: As part of the program, we typically negotiate 5 to 7 days of free
rent-back, allowing you to remain in your sold home while you finalize your move
into your new home. This gives you ample time to transition without the added stress of moving on tight timelines.
Protection for You:
If, at any point in the process, a side of the transaction falls through (for example, if the buyer for your current property backs out), you are not obligated to complete the purchase of your replacement home. This ensures you’re never at risk of becoming homeless or being forced into completing the sale if something goes wrong with the purchase.
Our team has successfully closed many of these transactions, and we’re here to answer
any questions you may have along the way.