Guaranteed Sale Program
Afraid of Buying Before You Sell?
Are you hesitant to list your current home because you’re afraid it will take longer to sell than it does to purchase your new home?
Our Guaranteed Sale Program will enable you to buy your new home on a non-contingent basis. We will not put your current home on the market without a guaranteed net amount of proceeds, allowing you to submit competitive offers for your new purchase.
How the Select Guaranteed Sale Works
The Select Group will agree to purchase your home at a set pre-purchase price. You will have a Guaranteed Net Sale Proceeds amount, enabling you to:
Get pre-approved for a new loan with Stanford Mortgage
Make Non-Contingent Offers on your replacement home
Once we find, and you go into escrow on your new home, your Coldwell Banker Select agent will put your current property on the market with the goal of lining up the two closings as closely as possible.
The Guaranteed Sale will allow your new home to close on schedule, with the least amount of holding time on the guaranteed purchase.
The Best of Both Worlds
If there are any gains from the final sale of your home, you will be paid 100% of the gain.
You get:
No risk of loss
100% of any gain
Our Guaranteed Sale Program is 100% unique. Our goal is to support our clients and make more sales, not profit from the purchase and resale of your home.
Unlike “We Buy Houses” programs, we are not “low-balling” your offer and flipping homes for profit. Our only goal is not to lose money, but to guarantee your sale.
With our exclusive Two-Check Program, you receive:
Your Guaranteed Net upfront
A second check to see if there is any profit when we resell the home
Your Options
Option 1:
Your house sells on the open market and closes escrow the same day you close on your new home.
We negotiate a short rent-back so you have time to move out.
Program fee: $1,000 + slightly higher commission.
Option 2:
Coldwell Banker Select closes escrow on your home so you can move forward.
You close on your new home and move on, while our company owns your old home and lists it for sale.
How The Process Works
We conduct research and establish a fair market price for your house
Pre-inspections are completed (you may be asked to handle health/safety or deferred maintenance issues)
Get pre-approved with Stanford Mortgage to purchase your next home
Your house is professionally photographed and marketed
You shop for your next home and make non-contingent offers with confidence
Your offer is accepted on your dream home
Your house is listed and sold on the open market (you are in full control)
You benefit from the guaranteed sale safety net while still having upside potential
Program Structure
5% Commission (2.5% listing agent + 2.5% selling agent)
4 Months Holding Costs – interest at 0.67% per month
2% Program Use Fee
Pre-Home & Pest Inspections
Seller Home Warranty
Any Identified Repairs
85% Fair Market Value of the property (Guaranteed Sale Price)
2 Sets of Title, Escrow, and Recording Fees (if necessary)
Second Check for 100% of any gains on resale (less $1,000 admin fee)
Select Bridge Loan
If you have the equity and financial ability to buy your replacement home, but lack the liquid cash to move forward, the Select Group can provide you with a Bridge Loan.
Call us for more details on our Bridge Loan Program.
Why Choose the Guaranteed Sale Program?
Eliminate the stress of selling before buying
Make competitive, non-contingent offers
Secure your dream home without delays
Keep control of your home sale
Protect yourself from financial loss while keeping upside potential
Contact Us Today to see if your home qualifies for the Guaranteed Sale Program and take the next step toward your new home with confidence.