Right now it is their Realtor and their contract. Get your attorney to review with your best interests in mind -- worth the money! Good luck.
In addition to the suggestions below, ask the builder for a current list of clients that have done this program, and interview them on how the process went. If it is that good, then the other buyers will sing thier praises!
I would recommend doing a comparison. Interview a couple of Realtors, have them analyze your situation, then compare their proposals to the builder's. If you can get the builder's proposal in writing you might want to have an attorney or Realtor look it over.
Kokie, very rarely is anything in this life for free. With so many home owners having mortgages higher than what the property is worth, why would a builder/bank pay that off in full for you? Because they're making the money elsewhere. And, of course, they have a side arrangement with the "provided" real estate agent. The question is: if what they're doing worth what you're getting in exchange?
There are a variety of companies that do this, not only builders but there are a few real estate brokerages that will offer this as well. Generally speaking, the deals are for real, however you'll end up paying a load of fees. Think about it this way...is another company (who we assume to be professionals in this industry) going to buy your home for more than they can turn around and sell it quickly for? They are going to make their profit somehow. And regardless where that profit shows up, you are going to be paying for it. And chances are, you're going to pay a considerably higher price to do things this way, especially in this market.
My advice to you would be to simply sell your home "normally", by using a reputable, local, full-service real estate brokerage. Once you start adding additional forms, charges, and legalese to an already complicated process, you're going to end up with a heavy bill.
Sell your home then build the new one. Too many homeowners have gotten in way over their heads by not doing things the right way. If it sounds too good to be true, it most likely is.
RE/MAX Pros, Westlake, OH
Caveat Emptor -Let the buyer beware.
Have you asked them for an Estimate of Seller's Net Proceeds for your home's sale?
The fact that they are "providing" a Realtor sort of concerns me. Do you get to interview them?
Not all Realtors are created equal.
You still want to net as much as possible right?
Have you had anyone give you an estimate of your home's market value? You might want to look at the link below. It appears that prices are falling...