At any time, please contact us with questions via phone or email. We look forward to serving you!

317-472-1575
317-644-5262 fax
mdavis@talktotucker.com

©2006
Homestead
Guarantees

How Does The Guarantee-Sale Program Work?

Homebuyer Visit
A Homestead agent will contact and meet with you at your home and will further explain the Guarantee Sale program and answer all your questions. The agent will tour your home and discuss our marketing efforts and ideas.

Appraisal
Homestead will arrange to have your existing home appraised by an independent professional appraiser, at Homestead's expense. The appraisal content will be shared and discussed with you and your new home sales consultant.

Offer
The appraisal, property review, and market knowledge of Homestead REALTORS will form the basis for the guarantee offer. A Guarantee Sale Contract will be executed with you, the property will be listed and marketing efforts will begin.

Inspection
Once the Guarantee Sale Contract is executed, an inspection will be ordered at the homeowner's expense. If the inspection report discloses repair items, an Amendment to the Contract will be executed requiring you, the homeowner, to make the necessary corrections in order for the process to continue.

How Do We Get Started?
Introduction to Our Program
Homestead professionals discuss the benefits of listing your existing home with F. C. Tucker and the merits of the Guarantee Sale. You will then need to complete an application.

What is the Cost to Participate in the Program?
There is no inital cost to the homebuyer to pursue a guarantee-sale proposal from Homestead. The Builder will be charged a 3% Guarantee fee based on the HUD sale price of the newly constructed home, payable to Homestead at the closing of the new home.


Guarantee-Sale Offer Expectations
Homestead arrives at you guarantee-sale offer based upon an interpretation of the following information:

Market Analysis
Homestead's REALTOR professional will analyze the resale home market in your community and surrounding areas based upon list prices, length of time on market, and sale prices of comparative homes. They will review homes currently on the market and homes that have sold and closed within the past year. This information will form the nucleus of the opinion on your home's valuation.

Appraisal
Your home is appraised by an independent professional to complement the market analysis opinion of the value of your property.

Other Factors
Often there are factors present that affect the marketability, and ultimately the value, of your home. These factors are incorporated into the valuation of your property in the market analysis and in the appraisal. However, there are instances when these factors are of sufficient concern to warrant additional consideration in the valuation of your home.

Subtracted from the guarantee offer will be certain credits that approximate 9% of the offer price for your home. These "credits" represent costs that you, as Seller, would typically incur in selling your home. Remember, when we acquire your home you are in fact selling your home- your buyer is Homestead. The credits that are deducted from your sale price are simply deferred costs that Homestead will incur upon the ultimate sale of your property to a third party. These credits consist of a real estate commission of 7% of the offer price, prorated real estate taxes, the cost of obtaining owner's title insurance and a fee for preparation of a deed and affidavit.

Following is a simple guarantee offer proposal based on an appraised value of $100,000 for your home: