Questions Answered.

We've been asked some great questions so we listed them here to help you.

Why sell 'Off Market'?

You skip months of open homes, low offers, uncertainty, and agent pressure. You stay in control with a guaranteed outcome.

How does the Home Price Guarantee work?

We simply offer you a Fixed Price upfront cash payment, You can accept the offer now and set your future settlement date, locking in your price with a flexible initial settlement date, subject to your move-in date to your new home

Our price offer is very transparent, fair and open, based on comparative sales, various independent and in-house valuations and real estate appraisals, all of which are presented to you upfront for consideration and discuss.

How is the guaranteed price calculated?

Our price offer is very transparent, fair, open and balanced, based on various independent and in-house valuations and additional real estate appraisals, all of which are presented to you upfront based on an independent valuation (like Heron Todd White) plus our in-house appraisals and market data.

How do you determine my home value?

The Seller usually has 7 to 30 days to accept the tentative offer, and if accepted, we will then send our team of property valuers to the home to confirm the property is what the seller says it is. If it isn’t, then we will adjust the offer up or down accordingly.

Once the Seller agrees on the final amount, the deal is struck, and the money is paid with an all-cash offer If the owner accepts the offer, the property owner can choose the date they would like to settle on the property, then at settlement, the owner receives the cash payment.

But it doesn’t stop there, we then take the property and perform some minor renovations before it places it back on the market and sells it again (using the first national agent).

After property renovation costs, Sellable will provide the original property owner with 75% of the profit from the sale of the property over and beyond what we purchased the property for, keeping 25% for ourselves as a performance bonus fee.

Property doesn't always go up.

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What happens if the market drops after I accept the offer?

Property does not always keep going up as you would have seen over time, but you are fully protected against any market drops as you have entered into a guaranteed fixed price contract with us, so you win, we lose, that's the commercial risk we take, we absorb any loss from market changes, not you.

Can I negotiate the My Money My Home offer?

We're meticulous in our offer process, but we want to make sure we take into account all the things that make your home truly special. If you think we've missed something in your offer, then please let us know and we would be open to discuss further.

Do I still own my home until settlement?

Yes, you remain the legal owner right up until the date you choose to settle. You’re in full control until then.

When do I receive the settlement funds?

You can receive a 5–10% deposit straight away.

As with all real estate settlements, you will receive the full cash payment (less the original deposit that was released to you) based on the agreed date and terms you nominate, or earlier if agreed.

Can you help if I need to sell quickly?

Yes. We can provide an offer in days and settle in as little as 7–14 days if needed — faster than most agents or banks.

Who is buying my home?

We act as a Broker and present your home to a pool of sophisticated property investors.

What happens to my home after I've sold it to My Money My Home?

After we purchase your home, we handle the repairs and maintenance. We often make additional investments such as landscaping, painting, replacing countertops and floors if needed. Once the house is ready, we market to our own channels first and foremost then to the public.

Can I still stay in my home after I’ve sold it?

YES, it's your home until the settlement date you nominate to receive the funds, this is the key benefit, you can stay in your current home until you are ready to move into your new home, we're flexible as we understand securing your new home and aligning the move date is a moving target, and will tailor a timeframe that suits your individual needs based on a range of factors and you can extend anytime up a 6 month, and you can even have an option to stay longer if you choose, after that if needed, we offer a rent-back option so you can stay even longer.

Am I under any obligation?

No, you are under no obligation whatsoever ever, like any real estate offer you’re 100% free to accept or reject any offer presented to you .

How long is the offer good for?

At most, your offer is good for 60 days if you choose to list with My Money My Home.

If you choose to list, you must sign a listing agreement with a My Money My Home partner agent within 14 days of receiving your final offer.

Your offer is only valid for 30 days once the home is listed on the market and your home must be listed within 30 days of receiving your final offer. If the offer expires, you can request a new offer.

What if I change my mind?

Life happens. You can cancel your home sale any time before closing without cost or penalty. If you are considering cancelling your sale then contact us immediately.

In fine, in line with Australian consumer law, all agreements come with a standard cooling-off period for peace of mind, so you have time to reconsider, as with any real estate offer, the terms of the offer are in line with standard real estate contractual terms, so you’re not locked in until your offer is unconditional.

What's included in your offer?

We only charge 1% over the general real estate sales costs, see example

And when you move we take care of the entire sale for you, including if you choose assisting with the move packing, unpacking, sale of any items, storage, of moving out and into your new community,  decluttering, maintenance, repairs, painting, carpets, rubbish removal refresh or renovations gardens, painting, cleaning and styling, agent selection, marketing, buyers negotiations, legal aspects right through to settlement and much more.

How much does it cost?

We are fully transparent and have several options, When you compare the real costs of selling your home that you will pay regardless of who sells it and buys it. We are a one stop, all-inclusive service, that covers all the additional costs related to a sale.

We charge 1% over the overall selling costs as a risk buffer to cover market fluctuations in order to pay you. Providing sellers with peace of mind, and the ability to safely buy before they sell, and the additional leverage to extract higher offers from other buyers.

Show me an example.

Let's say the guaranteed price is $800,000, and the vendor accepts, we then take off our fee, which covers everything from real estate agent commissions to marketing, cleaning, legals, everything you would have to pay for in a standard real estate sale. The fee also includes a buffer of 1%, or $38,000, which covers our risk in case of market fluctuations and allows us to pay sellers the guaranteed price upfront.

Let's say all that brings the guaranteed price back to $762,000, the seller then has an agreed but flexible timeframe or until they can move into their community, and we pay them this full amount at a settlement day.

What if I’ve already listed my home with an agent?

No problem. We can still provide an offer and potentially work with your agent or assist once your current listing agreement ends.

What if I’m already on a waitlist for a retirement village?

We may be able to help you jump the queue by giving you immediate cash so you’re ready to buy as soon as your preferred unit becomes available.

How long do I have to accept an offer?

Usually 7 days depending on the property. We confirm everything with you before moving forward.

Can I use the offer just to find out what my home is worth?

Yes. There’s no obligation, so you can use the free offer as a starting point to understand your current home value.

Can I still accept a better offer from someone else?

Yes. If a higher offer comes along, you’re free to sell to that buyer and keep 100% of the extra

Why do I need a Tax Clearance Certificate now when I sell?

The Government has recently introduced and implemented under new national legislation that any and all property sellers Australia-wide are required to produce a Tax Clearance Certificate prior to settlement to avoid the need to have 15% of the sale price withheld at settlement.

We realise some seniors may not have an TFN (Tax File Number) or completed a tax return for many years, and we will help you apply, prepare and submit this for you on your behalf to avoid the need for 15% of the sales price.

Whilst this is an additional process when selling, we help you prepare your Tax Clearance Certificate, which is included in our fee, ensuring no sale or settlement delays or withholding tax is held back from your settlement funds.

Can my children or family be involved in the decision?

Absolutely. Many of our clients involve children or trusted family in the process and we’re happy to meet or speak with them directly.

Is this service available Australia-wide?

The simple answer is yes.

Can you help me with the decluttering, downsizing and removal?

Yes, We offer to help you with a range of support service including downsizing, decluttering, storage, and even donating, disposing or selling of items you no longer need.

What is the 'Optional Makeover Upside?'

This is a Win-Win opportunity, some sellers realise their home's sales price could be increased with some level of makeover, but they don't have the money or motivation to do it themselves.

They realise it's all too much stress, time and disruption with today's building crisis, changing prices and availability of trade. We aim to achieve the highest sales price.

We therefore may consider with your approval, paying any upfront costs and taking responsibility ourselves on your behalf for any home upgrades, improvements or maintenance that will increase the home's future resale price, on a jointly beneficial 50%/50% upside performance profit base, over and beyond what we purchased the property for, which ensures we are highly motivated with common goal and gain to get every extra dollar possible when we resell the property as we share in the upside, If it sells for less, we will take the entire loss, not you. it's a Win-Win.

Explain the Home Makeover process.

We are highly motivated to get every extra dollar possible and aim to sell for more as we share in the additional profit share so it's a win-win.

We then finance the required improvements to the property, and additional works at its discretion, then assumes control of the upgrade at our cost, in return for a 50% additional profit share in any upside in the final sale price as a second payment upon settlement.

Our data tells us it's a family market where the buyer is likely to renovate anyway, we won't do a new bathroom or kitchen," he said at times, we rebate the cost back.

The standard improvement budget is between $10,000 and $25,000, which gets added to the pre-fee guaranteed price. 

But it doesn’t stop there, we then take the property and perform some minor renovations before it places it back on the market and sells it again (using the first national agent). After property renovation costs, Sellable will provide the original property owner with 50% of the profit from the sale of the property over and beyond what we purchased the property for, keeping 50% for ourselves as a performance bonus fee.

Do you work will other agents?

Yes. While you don’t need an agent to sell to My Money My Home, we understand that sometimes it helps to see if you can achieve a higher sales price.

We will work will any and all agents and negotiate a commission share base from our fee, so there is no additional cost to you.

Have Questions?

Ready to take control of your next chapter?

And see how we can help you?

Seniors contacting My Money My Home

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