Our Solution
An assurance against any reduction in value of your property from the agreed locked-in value when you wish to sell it, by means of granting you the right to sell your property to us at today’s value should you so wish.

You are never under an obligation to sell your property…it is always your choice.
Now you can obtain this valuable protection:
A)At a relatively low cost, dependent on the agreed value of your property.
B) Ensuring that you do not lose any of the built up equity in your property.
C)The protection can be augmented should the value of your property increase.

The Protection
In summary, the protection will enable you to sell your property at today’s locked-in value in the event that at the time you wish to sell its value has fallen below today’s locked-in value. The main terms and conditions pertaining to the protection are described below:

The protection is initially granted for a period of 10 years.
It can be augmented and increased at any time by mutual agreement.
The protection can be exercised by the applicant at any time after the second anniversary of the agreement until it expires. There are no brokerage fees (this alone can save you much more than the cost of the product).
The applicant will at all times ensure that the property subject to the protection is fully and comprehensively insured to the full value by the property / home owner’s insurance carrier. The property is secured as set by the contract agreed value.
The applicant confirms that the property is in good condition and that it will be adequately and appropriately maintained.

In the event the applicant wishes to exercise the protection, the applicant will advise us prior to the property being placed on the market and our plan sponsor will have the right to market the property as it sees fit. The plan sponsor will be responsible for any related marketing and brokerage costs.

FAQs
How is your property valued?
■ We will, if required, employ our own appraiser at no cost to you to determine the current value of your property, in agreement with you. If you do not agree to the valuation, you can cancel with no obligations whatsoever.

When can I use this product?
■ In the event that you decide to sell your property, you may sell the property to us, but you have no obligation whatsoever to do so. However you may not be able to get the price you want. Since we agreed to purchase your property, we are bound to buy your property at the price agreed upon, irrespective of its worth at time of sale. You must own your property / home and the program operates for an initial period of 10 years, after which you may extend the option.

What happens if I refinance my mortgage?
■ You’ll still be enrolled in the plan. Your mortgage and your plan option are two separate things. If you refinance your mortgage, the plan you purchased is still in effect - until such time as you sell your property or property.

Is there a cap or are there any conditions?
■ There is no cap. The contract, terms & conditions contain full details. These include, for example, that you are obliged to insure your property / home with your insurance carrier for its full replacement value as well as maintain it.

Is the contract assignable?
■ Yes, in certain cases such as death, separation and divorce, your rights may be assigned to heirs, successors, beneficiaries and others who would inherit your property. Furthermore your rights may be assigned to your mortgage holder as additional collateral.

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