When a buyer defaults, the seller must relist the property, and find a new buyer, all while their equity remains locked and their cashflow responsibility remains. Research shows that properties re-sold quickly can lose in excess of $100,000, as they are often selling under duress to complete a subsequent transaction.
Though the buyer is liable in most cases, recovery of damages can take years, and the seller can incur tens of thousands in legal fees throughout the process. Even the buyer deposit remains locked in trust until it is awarded by a judge.
With SecureMyOffer, we unlock 100% of the equity in your home, on the closing day. We will work with your realtor to relist the property, stage it, and guarantee 100% of the original offer value*. If the property sells for increased value, the profit is yours to keep. If it sells for less, we eat the loss.
