Have you read the healines about the 100% Buy Back Guarantee?
I wanted a better understanding of how these program worked…what the "qualifying criteria" actually was. With all the information normally available on-line, I was surprised that the only program terms I could locate were printed 5 years ago! I have to ask, Why don't companies publish restrictions openly, especially ones that are as involved as these? In the absence of current disclosure, let take a look at what I did find... (source: http://realnorthcoastliving.blogspot.com/2008/11/100-howard-hanna-money-back-guarantee.html).
Seller's Application:
1. Minimum price in program - $75,000; Maximum price in program - $600,000
2. Listed X company with a present term of at least 180 days, at the full commission rate
3. Free-standing, single-family dwelling; no co-ops, cluster homes, or condominiums
4. Guarantee fee paid by buyer
Buyer's Application:
1. If buyer wants the Money Back Guarantee, the buyer pays 1% of sale price.
2. Buyer must sign Money Back Guarantee rider and Buyer application at time of presentation of offer
3. The company must list and sell the property
4. Free-standing, single-family dwelling; no co-ops, cluster homes, or condominiums
5. Minimum price - $75,000; Maximum price - $600,000
6. Buyer must occupy home as residence
If Buyer Elects To Have Home Trade-In Company, Inc. Repurchase The Home:
1. Buyer must inform Home Trade-In Company, Inc. in writing of election...
