Andre Carvalho • August 1, 2022

What Is The Equity Protection Program?

Frequently Asked Questions on Equity Protection Program

Understanding the Equity Protection Program

The Equity Protection Program aims to safeguard the equity of homeowners in their property. Instead of negotiating the lowest price possible, our company will partner with you to find a buyer who can pay a higher amount. Local licensed real estate attorneys handle all closings under the Equity Protection Program.

YOU don’t lift a finger!

The Process Explained

• First, agree on a price and timeline in writing.
• Next, schedule a photo session (usually within 1-2 weeks of the agreement).
• Then, promote the property on 100+ on and off-market channels.
• After that, actively call, network with realtors, and drive paid marketing campaigns to sell the property.
• Subsequently, collect and evaluate serious buyers.
• Coordinate and schedule a limited number of showings with the current homeowner.
• Furthermore, gather as many interested buyers as possible and negotiate the highest price with the best offer terms.
• Finally, accept an offer, schedule the closing date, and wire the funds to your account on the closing day.

We’ll handle everything!

Expected Showings

We vet and confirm the potential buyer’s seriousness and financial capacity before scheduling any showings. You can typically expect 1 to 7 showings within the 90-business day period (can be up to 20). However, based on market conditions and pricing, we may need to schedule more showings. We only request reasonable access depending on the current market situation.

Is This Option Right for You?

This option typically suits a seller who:

• Wants to sell without a short time frame.
• Aims to maximize their home equity.
• Prefers selling the house as-is.
• Wishes to avoid dealing with; Realtors, Loan Officers, Appraisals, Inspections, Closing Attorneys, All the headaches that come with a traditional real estate transaction.

We handle everything from start to finish. You only need to sign once and attend the closing or choose a remote closing. That’s what makes us Uncommon! – Tyler Wyatt, CEO and Co-Founder of Uncommon Home Buyers.

Paying Off Your Mortgage and Closing Timeline

Your mortgage will be paid off at closing. Although we generally close within 90 business days, the timeframe can be adjusted depending on the seller’s needs, mortgage status, or any issues that may arise during closing.

Maintenance, Repairs, and Expenses

We take care of all maintenance and repairs needed for a smooth transaction. Moreover, there are no out-of-pocket expenses for you when selling your home through this option, as we cover all closing-related costs.

Preparing Your Property for Sale

You don’t need to clean out the property or make any repairs or updates before selling. We purchase the property in as-is condition and help with the cleanout or moving of belongings as needed.

Receiving Payment at Closing

At closing, you will receive the full amount stated in the original agreement signed with us unless otherwise agreed upon, depending on the seller’s circumstances and market conditions. We have no hidden fees and cover all out-of-pocket expenses.

Selling Properties with Low or No Equity and Mortgage Issues

We buy properties with high, low, or no equity. If you are behind on your mortgage or facing foreclosure, we will bring your loan current at closing, with the closing attorney wiring the payment directly to the lender.