Q
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Does the program REALTOR® work for
us, or for the Builder? |
A
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During the listing period, the program REALTOR®
works for the Seller. The program REALTOR® has
knowledge of the terms and conditions of the Seller's
Guarantee-Sale Contract they have executed with
Indy’s GBO Realty. All information is kept confidential. |
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Q
|
Does Indy’s GBO Realty Inc. have to visit our property before a guarantee offer
is made? |
A
|
Yes |
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|
Q
|
Will Indy’s GBO Realty Inc. visit our property before we have signed a contract
to purchase a new home with our Builder? |
A
|
No, but we would be happy to discuss any questions that you may have over the
phone.
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|
Q
|
How soon will we receive a guarantee offer from Indy’s GBO Realty Inc.? |
A
|
Usually within 7-10 days from receipt of a completed Application Form from your
Builder, assuming your cooperation in providing access to your home. |
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|
Q
|
Are we assured of receiving a guarantee offer from Indy’s GBO Realty Inc.? |
A
|
No, Indy’s GBO Realty Inc. reserves the right not to extend a guarantee buyout
offer. |
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Q
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What expenses will we incur to pursue a guarantee offer from Indy's GBO Realty Inc.? |
A
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None |
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|
Q
|
What expenses will we incur if we accept Indy’s GBO Realty Inc.'s guarantee
offer? |
A
|
A Guarantee Buy Out is similar to that of an
insurance policy, it protects your future. The
protection premium is $900.00 paid at the time
of closing on your existing home |
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|
Q
|
What expenses will we incur if we sell our home to some one besides Indy’s GBO
Realty Inc.? |
A
|
Like with all Realtors there is a commission,
however, we keep ours to 7% with an inspection
fee and standard sellers cost. ALL costs will
be itemized for your review before you decide
on the guarantee buy-out. We work together. |
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|
Q
|
Will the expenses associated with the possible sale of our home to Indy’s GBO
Realty Inc. be established up front? |
A
|
Yes, The expenses are itemized on a net proceeds sheet and reviewed with you
before you commit to the program. |
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|
Q
|
What property tax liabilities are we responsible for if Indy’s GBO Realty Inc.
acquires our home? |
A
|
Property taxes are prorated to the date of closing. |
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|
Q
|
If our home sells for more than the guarantee, do we retain the extra sale
proceeds? |
A
|
Yes |
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|
Q
|
If we receive an offer on our home that nets us at least the guarantee amount
prior to mortgage repayment, are we required to accept the offer? |
A
|
Yes, unless we can negotiate a higher price. |
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|
Q
|
What determines the value of our home and will that be the price that Indy’s
GBO Realty Inc. guarantees? |
A
|
The value of your home is a value established
by our program realtor, who does an extensive
comparable market analysis analyzing homes in
your neighborhood which have recently sold and
adjusting for home amenities. A complete copy
of this market analysis will be provided to the
sellers. The guarantee price is based on the marketability
of your home. |
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|
Q
|
If the inspection report discloses a repair concern, are we required to take
corrective measures? |
A
|
Indy’s GBO Realty Inc. has the right to require an amendment to the Guarantee
Sale Contract requesting the repair or replacement of items disclosed by the
inspection report. You have the right to decline any repair and/or replacement
request. In the event you decline any request, Indy’s GBO Realty Inc. has the
right to cancel the Guarantee-Sale Contract. |
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|
Q
|
Why might we be required to make repairs to our home? |
A
|
Pricing and the condition of your home determine when it will sell. Indy’s GBO
Realty Inc. wants to ensure that your home is in maximum saleable condition
during the listing period. This will maximize your sales price.
|
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|
Q
|
Are we responsible for maintaining the condition of our property and the
functionality of all mechanical equipment, systems and appliances until the
date we give up possession? |
A
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Yes |
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|
Q
|
If we do not provide access to our home for showing requests, or if we do not
keep our home in a presentable manner, can Indy’s GBO Realty Inc. terminate our
Guarantee-Sale Contract? |
A
|
Yes |
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|
Q
|
If we sell our home before our new home is completed, do we have to move to
temporary housing? |
A
|
Yes |
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|
Q
|
If our home is currently listed with another REALTOR®, may we still pursue a
Guarantee-Sale Contract with Indy’s GBO Realty Inc.? |
A
|
Yes, with your written permission and an executed new home purchase agreement. |
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| Build Today
.................. Procect Tomorrow! |
Guarantee
Buyout FAQs