Common Questions

What are the Fees? 

1. Program Fee: 6 - 9.5%

This is the fee the buyer charges for the Cash+ program. The typical program fee is 6% but can increase to up to 9.5% for unique or multi-million dollar properties. Keep in mind that once the buyer purchases the property, they will take over the utilities, property taxes, insurance, HOA, and interim property maintenance. 

2. Agent Compensation and Resale Closing Costs: 5.5%

This is a fee that covers agent compensations and closing costs on the second sale. The agent compensation (4%) and resale closing costs (1.5%) fee is 5.5%. 

You are paid a compensation of 2% when the buyer purchases the property from the seller. The buyer will use you to list and sell the property on the open market. You’re paid an additional 2% compensation on the second sale. You may charge a higher compensation, which would increase the agent compensation & closing costs fee accordingly.  

3. Reserve (amount returned to seller depending on resale): The reserve is a risk assessment the buyer places on the property that is set aside and withheld from the seller’s available equity when the buyer purchases the property and is disbursed to the seller after the property sells on the open market based on the final resale price. This is what allows the buyer to make a full market value offer to the seller. The reserve amount varies from 8% to 30%, depending on economic factors as well as property factors such as the condition, location, amenities, projected timeline to resell, and the purchase price of the property.

What Happens If the Resale Price Changes?

• If the property sells for less than the original offer, the difference is deducted from the reserve, and the remaining balance is returned to the seller.
• If the property sells for the same amount as the original offer, the entire reserve is returned to the seller.
• If the property sells for more than the original offer, the seller receives the reserve plus any additional proceeds ("upside") from the resale.