Russo Team Guarantee

Guaranteed Sale Program

Are you looking to upsize or downsize, but need to sell your home first?

 

WHAT THE GUARANTEED SALE PROGRAM IS:

Our Guaranteed Sale Program assists people who must sell their home. It takes the guesswork and much of the anxiety out of buying and/or selling a home. The program is intended as a safety net for the homeowner.

 

WHAT THE GUARANTEED SALE PROGRAM IS NOT:

The program NOT a profit center for The Russo Team at RE/MAX Professionals. If the Seller accepts the guaranteed sales price, and a better offer is received that’s higher than this price, the Seller can accept the better offer!

 

OPENDOOR VS. GUARANTEED SALE PROGRAM:

OPENDOOR

GUARANTEED SALE PROGRAM

9.35% in fees

7% in fees

 

Corporation from San Francisco backed by millions of dollars that doesn’t know the local market; must contact through an 800 number

We are a local real estate team with 35+ years of experience; we are “hands on” and study the local market every day; you’ll have all of our cell phone numbers to reach us immediately

 

Receive an offer for LESS THAN 94% of fair market value

Receive an offer for AT LEAST 95% of fair market value

 

All repairs deemed necessary by OpenDoor during the inspection period are deducted from your net profit; this is mandatory as outlined in their contract; expensive general contractors are used for cost estimates

 

We are reasonable in any repair situation; if something is required, we work with low-cost, experienced handymen instead of expensive contractors, which nets you more money

Locked into their offer price

 

Can accept a better offer

                                                                                                      

HOW THE GUARANTEED SALE PROGRAM WORKS:

**This schedule can be expedited depending on your personal circumstances & needs. 

1.     We set up an appointment to view your home and review the features & upgrades. We also discuss the guaranteed sale contract. We review a detailed market analysis of your home’s value based on recent sales nearby and neighborhood trends, and you sign the guaranteed sale contract.

2.     We market your home at full price (fair market value) for 30 days.

3.     We adjust the price by 2% for days 31-60 if we haven’t received any offers.

4.     We adjust the price by 2% for days 61-90 if we haven’t received any offers.

5.     We adjust the price by 1% for days 91-120 if we haven’t received any offers.

6.     After 120 days on the market, the Seller can choose to accept the guaranteed sale price (at 95% of fair market value). Once this offer has been accepted, if the Seller receives an offer that’s higher than the guaranteed sale price, then the Seller can accept the better offer.**

 

LET’S DO AN EXAMPLE:

In this example, let’s say your house is worth $200,000 according to fair market value. Let’s compare…

OPENDOOR

GUARANTEED SALE PROGRAM

DAY 1: You receive an offer at 94% of fair market value, or $188,000

DAY 1: We market your home at full price, or $200,000

 

DAY 31: We adjust the price by 2% to $196,000

 

DAY 61: We adjust the price by 2% to $192,000

 

DAY 91: We adjust the price by 1% to $190,000 (guaranteed sale price)

 

TOTAL LISTING FEES ARE 9.35%

 

Service Charge: 2.5%

Holding Costs: 1.5%

Market Risk: 2.25%

Additional Service Charge: 3.1%

TOTAL LISTING FEES ARE 7%

 

Listing Agent’s Fee: 4%

Buyer’s Agent Fee: 3%

 

 

 

Inspection repairs, on average, cost at least $8,000 according to OpenDoor. Repairs are NON-NEGOTATIABLE and MANDATORY according to the contract from OpenDoor.

Per the Arizona real estate contract, NO repairs are required, and the home is being sold in “as-is” condition. Any requests for repairs are negotiable.

 

$188,000 x 9.35% in listing fees = $17,578

Repair Costs: $8,000

$17,578 + $8,000 = $25,578

 

$188,000 - $25,578 = $162,422

 

FINAL SALES PRICE: $162,422* 

 

*Any amount owed on a mortgage, plus title fees (approximately 2%), still need to be deducted from this amount to determine your “net check” that you’ll get in your pocket at the end of the transaction

$190,000 x 7% in listing fees = $13,300

Repair Costs: $0

$13,300 + $0 = $13,330

 

$190,000 - $13,330 - $176,700

 

FINAL SALES PRICE: $176,700*

 

*Any amount owed on a mortgage, plus title fees (approximately 2%), still need to be deducted from this amount to determine your “net check” that you’ll get in your pocket at the end of the transaction

 

CALL US TODAY AT 602.864.1200 FOR MORE INFORMATION!

RE/MAX Professionals. Each office independently owned and operated.