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Terms of Service

This Terms of Service Agreement (this “Agreement”) is a binding agreement between you and Flatfeehousing Labs Inc. and its affiliated companies (collectively, “Flatfeehousing,” “we,” “us,” or “our”) providing the terms and conditions for your use of our Services.

By “Services,” we mean all the products and services owned and operated by Flatfeehousing, including the content, features, data, and software made available through www.Flatfeehousing.com (the “Web Site”), our mobile applications, and other websites or applications we operate.

Please review this Agreement carefully.  By accessing and using our Services, you agree to all the terms and conditions of this Agreement.  Please be sure to also review our Privacy Policy, which is incorporated and made a part of this Agreement.

This Agreement contains warranty and liability disclaimers.

We may modify this Agreement from time to time and will post the amended agreement at https://flatfeehousing.com/pages/terms. You will be deemed to have accepted this Agreement as amended if you continue to access our Services after any amendments are posted.

1. General Terms

1.1 Using Our Services

1.1.1 General Requirements

By accessing our Services, you agree to abide by all applicable local, state, national, and international laws and regulations in your use of our Services.

Our Services are intended only for personal, non-commercial use by U.S. residents aged 18 years and over. If you do not meet this criteria, you agree to immediately discontinue use of our Services. We reserve the right to refuse to provide our Services to anyone at any time.

1.1.2 Registered Users

We reserve the right to restrict certain of our Services to registered users. In the event that any of our Services requires you to register prior to our granting you access, you agree to provide accurate, current, and complete account information, including but not limited to your name, address, telephone number, and email address, and to update this information as necessary to keep it accurate, current, and complete.

You may not sell, transfer, or assign your account with us to anyone else. You are responsible for maintaining the confidentiality of your account name and password, and for all activities that occur while logged in under your account. You agree to notify us immediately at contact@flatfeehousing.com of any actual or suspected unauthorized use of your account.

1.1.3 License

Flatfeehousing grants to you a limited, non-exclusive, non-transferable license to access and use our Services in accordance with the terms and conditions set forth in this Agreement. Flatfeehousing reserves all right, title and interest not expressly granted under this license to the fullest extent permitted by law. Any use of our Services not expressly permitted under this Agreement is strictly prohibited.

You agree not to sublicense, assign, or transfer the license granted to you under this Agreement. Any attempt to sublicense, assign, or transfer any of the rights, duties, or obligations in violation of the provisions of this Agreement is void.

1.1.4 Copyrights, Trademarks and Other Intellectual Property

All content and materials available through our Services, including, but not limited to text, images, audio, video, interfaces, information, data, and computer code, are the property of Flatfeehousing (collectively, our “Content”).

Our Content, including any content licensed to us by third party content providers (the “Providers”), is protected by U.S. and international intellectual property laws and treaties. You are permitted to access our Content only through our Services and you may not copy, modify, sell, reproduce, distribute, republish, display, post, create derivative or collective works from, or transmit in any form our Content, in whole or in part, without our prior written consent, which may be subsequently revoked at our sole discretion. You may not reverse engineer or reverse compile any of our Services or the technology used to operate our Services.  Nothing in this Agreement grants you any license or right to use our Content except as expressly stated in this Agreement.

1.1.5 Infringement

You agree that you will not use our Services in any manner that infringes the rights of any third party. If you are a copyright holder and believe your work has been used in our Services in a way that constitutes copyright infringement, please send a notice of infringement under the Digital Millennium Copyright Act (“DMCA”) to:

Flatfeehousing, c/o Legal Team

410 N. Scottsdale Rd., Suite 1600

Tempe, AZ 85281

Phone: 888.352.7075

Email: contact@flatfeehousing.com

To find out what to include in the notice, click here to read the DMCA.

1.1.6 Other Restrictions

You agree that you will not use our Services to: (a) impersonate any person or entity or misrepresent your affiliation with any person or entity; (b) engage in spamming, flooding, harvesting of email addresses or other personal information, spidering, screen scraping, database scraping, or any other activity with the purpose of obtaining lists of users or any other information, including specifically, property listings available through our Services; (c) attempt to decipher, decompile, disassemble or reverse engineer any of the computer code comprising or in any way making up a part of our Services; (d) violate any applicable local, state, national or international law; (e) send chain letters or pyramid schemes via our Services; or (f) attempt to gain unauthorized access to other computer systems through our Services.

You agree that you will not use our Services in any manner that could damage, disable, overburden, or impair our Services or interfere with any other party’s use and enjoyment of our Services.

1.1.7 Submissions

If you submit to us or post through our Services any property listing, testimonial, comment, review, suggestion, or any work of authorship (collectively, a “submission”) including, without limitation, submissions about any of our products or services, such submission may be used by us in any manner. Please do not submit or send any submission to us that you consider contains confidential or proprietary information. No submission sent to us will be considered or treated as confidential information. We do not pre-screen submissions and we will have no obligation to read any particular submission submitted or sent to us.

By submitting or sending a submission to us, you: (a) represent and warrant that the submission is original to you, that no other party has any rights thereto, and that any moral rights in such submission have been waived, and (b) grant us a royalty-free, unrestricted, worldwide, perpetual, irrevocable, non-exclusive and fully transferable, assignable and sublicensable right and license to use, reproduce, publish, distribute, display, translate, summarize, modify and adapt such submission (in whole or part) and/or to incorporate it in other works in any form, media, or technology now known or later developed, in our sole discretion, with or without your name.

1.1.8 Mobile ID and Identity Verification Data

When you use your mobile device to electronically unlock our properties, you authorize your wireless carrier to disclose information about your wireless carrier account, such as subscriber status, payment method and device details, if available (the “Mobile ID Data”). In addition, when you access the Services through a mobile device to electronically unlock our properties, you may be prompted to share your U.S. driver’s license or state-issued ID data. By sharing such information, you authorize our third-party identity verification service provider to collect the data displayed on and/or encoded in the barcode of your ID in accordance with its privacy policy, and you authorize us to receive such information (collectively, the “Verification Information”) from such service provider. As discussed in our Privacy Policy, we only use the Mobile ID Data and Verification Information for lawful purposes, including but not limited to identity verification, security of Flatfeehousing properties, and the prevention of fraudulent activity.

1.2 Disclaimers

1.2.1 No Warranty

TO THE FULLEST EXTENT PERMITTED BY LAW, OUR SERVICES, OUR CONTENT, OR OTHER CONTENT AVAILABLE THROUGH OUR SERVICES ARE PROVIDED “AS IS” AND “AS AVAILABLE,” WITH ALL FAULTS AND WITHOUT WARRANTY OF ANY KIND. Flatfeehousing, ON BEHALF OF ITSELF, ITS AFFILIATES, AND THE PROVIDERS, DISCLAIMS ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, RELATING TO OUR SERVICES, OUR CONTENT, OR OTHER CONTENT AVAILABLE THROUGH OUR SERVICES INCLUDING THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUIET ENJOYMENT, QUALITY, ACCURACY, TITLE AND NON-INFRINGEMENT, AND ANY WARRANTY ARISING OUT OF COURSE OF DEALING, USAGE OR TRADE.

1.2.2 Assumption of Risk

YOU USE OUR SERVICES, OUR CONTENT, OR OTHER CONTENT AVAILABLE THROUGH OUR SERVICES, AT YOUR OWN DISCRETION AND RISK. YOU ASSUME ALL RISK FOR ANY DAMAGE THAT MAY RESULT FROM YOUR USE OF OUR SERVICES, OUR CONTENT, OR OTHER CONTENT AVAILABLE THROUGH OUR SERVICES. YOU ARE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR PROPERTY (INCLUDING ANY COMPUTER SYSTEM OR MOBILE DEVICE USED IN CONNECTION WITH OUR SERVICES), OR THE LOSS OF DATA THAT MAY RESULT FROM THE USE OF OUR SERVICES, OUR CONTENT, OR OTHER CONTENT AVAILABLE THROUGH OUR SERVICES.

ADDITIONALLY, YOU VISIT Flatfeehousing’S REAL PROPERTY AND SURROUNDING PREMISES (COLLECTIVELY, THE “PREMISES”) AT YOUR OWN DISCRETION AND RISK. YOU ASSUME ANY AND ALL RISK FOR ANY PROPERTY DAMAGE OR LOSS, OR BODILY, MENTAL, OR PERSONAL INJURY, INCLUDING DEATH, RELATING TO OR ARISING FROM VISITING THE PREMISES.

1.2.3 Not a Legal or Professional Advisor

You acknowledge and agree that Flatfeehousing is not engaged in rendering legal, tax or other professional services.  If legal, tax or other professional assistance is required, including but not limited to the review of agreements and forms made available to you through our Services, the services of a competent professional should be sought.

1.3 Limitation of Liability

You agree that neither Flatfeehousing, nor its affiliates, nor any of their respective employees, or agents involved in the creation, production and distribution of our Services or our Content, is liable to any person or entity whatsoever for any loss, damage (whether actual, consequential, special, punitive, direct or indirect), injury, claim, liability or other cause of action based upon or resulting from the use or attempted use of our Services or our Content, including but not limited to any claim or damage arising from failure of performance, error, omission, inaccuracy, interruption, deletion, defect, delay in operation, computer virus, system failure, theft, destruction, unauthorized access to or alteration of personal records, or the reliance upon or use of data, information, opinions or other materials accessed through our services.  Additionally, you agree that Flatfeehousing is not liable or responsible for any defamatory, offensive or illegal conduct of third parties.

NOTWITHSTANDING ANY PROVISION TO THE CONTRARY, NOTHING IN THIS AGREEMENT SHALL AFFECT WARRANTIES OR LEGAL RIGHTS, INCLUDING BUT NOT LIMITED TO RIGHTS TO DAMAGES, WHICH ARE INCAPABLE OF EXCLUSION OR RESTRICTION UNDER APPLICABLE LAW.

1.4 Indemnification

You agree to indemnify, defend, and hold harmless Flatfeehousing, its officers, directors, employees, affiliates, agents, and licensors from and against all losses, expenses, damages and costs, including reasonable attorneys’ fees, arising out of or in any way related to (i) any violation or alleged violation by you of the terms and conditions of this Agreement or any applicable law; (ii) your access, use, or misuse of our Services or our Content; and/or (iii) any infringement by you of the copyright or intellectual property rights of any third party.  You must not settle any such claim or matter without the prior written consent of Flatfeehousing. We reserve the right, at our own expense, to assume the exclusive defense and control of any claim subject to indemnification by you, and you further agree that you will cooperate fully in the defense of any such claims.

1.5 Governing Law

This Agreement will be governed by the laws of the state of California, without regard to its provisions relating to conflict of laws.

1.6 Enforceability

Our failure to enforce any of our rights or to act with respect to a breach by you or others of this Agreement does not constitute a waiver of any rights and will not limit our rights with respect to that breach or any subsequent breaches. No waiver by Flatfeehousing of any of the provisions in this Agreement will be of any force or effect unless made in writing and signed by a duly authorized officer of Flatfeehousing.

If any provision of this Agreement shall be unlawful, void or for any reason unenforceable, then that provision shall be deemed severable from this Agreement and shall not affect the validity and enforceability of any remaining provisions.

We may assign this Agreement, or certain of our rights or obligations under this Agreement, to any party at any time without notice to you. You may not assign your rights or obligations under this Agreement, by operation of law or otherwise, without the prior written consent of Flatfeehousing.

1.7 Consent to be Contacted; Notices

If you provide, or have provided, a telephone number to us, you expressly agree that we may contact you at that number in order to provide you with informational and service messages, including via text message and/or by using automated telephone technology. Standard message and data rates may apply. You can opt-out of text messages by replying “STOP” to the sender. You represent and warrant that you are the authorized subscriber for the telephone number(s) you have provided.  Please be aware that we may record or monitor telephone calls for quality assurance.

If you provide, or have provided, an email or mail address to us, you agree that we may provide notices to you through such means. Unless otherwise stated in the notices, the notices will become effective immediately.

2. Service-Specific Terms

Certain terms and conditions are specific to certain of our Services.  We’ve broken those out below.

2.1 Flatfeehousing Estimates

An Flatfeehousing Home Value, Offer Preview, Preliminary Offer, Instant Offer, and/or Estimated Offer (each an “Flatfeehousing Estimate”) is an estimate calculated using publicly-available information and Flatfeehousing’s proprietary valuation model. It typically takes into account hundreds of data sets related to your home and its location.

An Flatfeehousing Estimate is not an appraisal. It is an invitation for you to request an offer to purchase your home (an “Flatfeehousing Offer”).

2.2 Selling to Flatfeehousing

2.2.1 Flatfeehousing Offers

An Flatfeehousing Offer is an offer by Flatfeehousing to purchase a home.  You will be eligible to receive an Flatfeehousing Offer after you provide us with information about your home and (i) you are the owner or represent the owner of the home, (ii) the home is in one of our service areas, (iii) the home meets our current home-buying parameters, which may change from time to time for a given service area under our sole discretion and (iv) we have had an opportunity to assess your home.

An Flatfeehousing Offer is not an appraisal. It is the purchase price Flatfeehousing is willing to pay for your home, subject to additional terms, conditions, and fees outlined in the offer.

In the event that Flatfeehousing makes you an offer on your home, Flatfeehousing is not acting as your real estate agent or broker; nor does Flatfeehousing represent you in any capacity as a seller. Flatfeehousing is merely acting as, or on behalf of, a purchaser of real estate. As a seller, you have the right, and it is your responsibility, to independently evaluate and decide whether to accept the Flatfeehousing Offer.

2.2.2 Service Charge

Your Flatfeehousing Offer will reflect a figure for Flatfeehousing’s service charge. This service charge helps cover the expenses Flatfeehousing incurs in buying and reselling your home, including holding costs like taxes, utilities, and maintenance. Service charge may vary dependent on anticipated costs for the particular home. It does not include negotiated repairs costs or third party charges related to the settlement of the sale.

2.2.3 After You’ve Sold

Please ensure you’ve contacted the U.S. Postal Service to set up address forwarding to your new address effective as of your close date. Also, be sure to update your address anywhere that you regularly order packages from.  Once your home sale has closed, we disclaim all liability for any mail or packages delivered to the property.

2.3 Visiting an Flatfeehousing Home

2.3.1 Authorized Access

By accessing any home owned by Flatfeehousing (an “Flatfeehousing Home”), you certify and agree you are entering the home with the express purpose of (1) evaluating the home for potential purchase, or (2) engaged in authorized business with Flatfeehousing.  You acknowledge that each access request grants up to 1 hour of time in the home, unless you have express permission from Flatfeehousing for extended on-site presence. Flatfeehousing may revoke permission to access one or more of its homes at any time.  If you are asked to leave one Flatfeehousing Home, you lose permission to go to any future Flatfeehousing Home unless you receive notification otherwise from Flatfeehousing.

2.3.2 Authorized Activities

By entering an Flatfeehousing Home, you acknowledge and agree that you will not, and will not assist or enable others, to:

  • breach or circumvent any applicable law, or terms of this Agreement;
  • access the home if under the age of 18;
  • smoke, vape, consume alcohol, or use any illicit or illegal substances on the Premises;
  • abandon, leave behind, dump, or otherwise discard any property including, but not limited to, flyers, pamphlets, marketing or promotional materials, trash, garbage, waste product, or any other type of personal property on the Premises without the express consent of Flatfeehousing;
  • remove any property from the Premises other than marketing or promotional materials provided by Flatfeehousing for such use;
  • use any facilities in the home including, but not limited to, pools, showers, and appliances other than for the purpose of examining them in the course of reasonable evaluation for purchasing the home;
  • request access other than through a method authorized by Flatfeehousing (authorized methods include the Flatfeehousing Mobile App, text-to-enter, and a phone call to Flatfeehousing’s  Customer Support line);
  • enter the home other than through the front door;
  • bring any weapon including, but not limited to guns, knives, blunt-force objects, and projectiles into the home or surrounding yard;
  • avoid, bypass, remove, deactivate, impair, or otherwise attempt to circumvent any technological or security measure implemented by Flatfeehousing or any other third party to protect Flatfeehousing Homes and their contents and surroundings, Services, customers, and/or visitors; or
  • violate or infringe anyone else’s rights or otherwise cause harm to anyone.

If, in accessing an Flatfeehousing Home, whether through an authorized method or not, you provide access to any individuals who have not expressly accepted this Agreement, you accept legal and financial responsibility for their behavior including for any breaches by them of Section 2.3 of this Agreement.

By accessing any Flatfeehousing Home, you accept legal and financial responsibility for any damage you cause to the Premises and, to the fullest extent permitted by law, any bodily, mental, or personal injury, including death, relating to or arising from accessing or visiting the Premises.

2.4 Buying an Flatfeehousing Home

2.4.1 As-Is Conveyance

If you contract to purchase a home from Flatfeehousing (“Seller”), you (“Buyer”) agree to the following additional terms and conditions regarding your purchase of the home (the “Property”).  In the event of any conflict with the terms of the Purchase and Sale Contract (“Purchase Contract”) governing the purchase of the Property, the Purchase Contract shall prevail.

Seller has provided Buyer with an opportunity to inspect the Property, and strongly encourages Buyer to seek an inspection on the Property by a licensed home inspector. Buyer further recognizes Seller has not resided in the Property and has limited knowledge thereof. Accordingly, to the fullest extent permitted by law and under the terms of the Purchase Contract:

BUYER AGREES THAT BUYER IS ACQUIRING THE PROPERTY ON AN “AS IS, AND WITH ALL FAULTS BASIS” WITHOUT REPRESENTATIONS, WARRANTIES OR COVENANTS OF ANY KIND WITH RESPECT TO THE QUALITY, PHYSICAL CONDITION OR VALUE OF THE PROPERTY, THE PRESENCE OF HAZARDOUS SUBSTANCES IN OR NEAR THE PROPERTY, OR EXPENSES ASSOCIATED WITH THE PROPERTY.

BUYER WAIVES ANY IMPLIED WARRANTY AS TO HABITABILITY AND/OR, ANY IMPLIED WARRANTY AS TO THE WORKMANSHIP OF ANY REPAIRS OR MODIFICATIONS PERFORMED ON THE PROPERTY.

BUYER AGREES IT HAS HAD AMPLE OPPORTUNITY TO OBTAIN PROFESSIONAL COUNSEL OF ITS CHOOSING, AND IS RELYING SOLELY ON ITS OWN INDEPENDENT JUDGMENT AND THAT OF ITS OWN PROFESSIONAL CONSULTANTS, IF ANY, IN ENTERING INTO THE PURCHASE CONTRACT AND PURCHASING THE PROPERTY.

BUYER WILL CONDUCT SUCH INSPECTIONS OF THE PROPERTY AS BUYER DEEMS NECESSARY AND, IF BUYER ELECTS TO PURCHASE THE PROPERTY, AND AGREES TO ASSUME THE RISK OF ANY ADVERSE CONDITIONS, INCLUDING ADVERSE CONDITIONS THAT MAY NOT HAVE BEEN REVEALED BY SUCH INSPECTIONS. 

2.5 Brokerage Representation and Referrals

2.5.1 About the Flatfeehousing Brokerages

Flatfeehousing Labs Inc. is the parent company of three real estate brokerages, Flatfeehousing Brokerage LLC, Flatfeehousing Brokerage Inc. (CalDRE# 02061130) and OD Homes Brokerage Inc. (collectively, the “Flatfeehousing Brokerages,” and each, an “Flatfeehousing Brokerage”).

Texas Real Estate Commission (TREC) notices:

Information About Brokerage Services

These brokerages have contractual relationships with certain multiple listing services (MLSs) that allow them to show you certain pictures and data related to listed and previously listed properties. Unless you are a licensed agent, you agree:

  • to use this data only for personal use, and not for commercial uses;
  • that you will not redistribute or otherwise use the data except in connection with your consideration of the purchase or sale of an individual property; and
  • that the MLS that supplies the data owns such data and has proprietary rights and copyright to such data.

2.5.2 Representation of Flatfeehousing

In the event you choose to buy an Flatfeehousing Home or sell your home to Flatfeehousing, an Flatfeehousing Brokerage will represent Flatfeehousing in the transaction.

2.5.3 Working with an Flatfeehousing Partner Agent

At your request, an Flatfeehousing Brokerage can refer you to a third-party agent that can represent you in your home purchase or sale (“Flatfeehousing Partner Agent”), and you may be eligible for promotions for working with that agent. Should you choose to work with that agent, the referring brokerage will receive a referral fee. However, we never require you to choose any particular agent to buy or sell a home.

2.5.4 Working with an Flatfeehousing Agent – Agency Relationships

In certain service areas, you may have the option to be represented by an agent at an Flatfeehousing Brokerage (an “Flatfeehousing Agent”) in your home purchase or sale.  However, an Flatfeehousing Agent will not be able to represent you if you sell your home to Flatfeehousing, and may not be able to represent you in other types of transactions where an Flatfeehousing Brokerage is representing another party.  In those instances, you remain welcome to work with an Flatfeehousing Partner Agent or another agent of your choice

Flatfeehousing Agents may only enter into single agency representation agreements.  Dual agency is prohibited for Flatfeehousing Agents including in service areas where dual agency is permitted by law. Dual Agency or Limited Agency may occur in transactions where a buyer and a seller are both represented by an Flatfeehousing Brokerage.  Where eligible Disclosed Dual Agency transactions occur, only the designated broker may be entered into dual agency representation; each client will have separate single agency representation in the transaction.

2.5.5 Flatfeehousing Tour Assistants

In eligible markets, at your request, an agent will meet you to help facilitate visits to homes (“Tour Assistant”). Prior to a home tour, you will receive an email with information about your Tour Assistant. Please note that visiting a home with a Tour Assistant does not establish an agency or contractual relationship between you and that Tour Assistant. We always welcome you to seek representation from the agent of your choice.

2.5.6 Flatfeehousing Access Program

Flatfeehousing’s Agent Access program and all advertising and marketing associated is provided by Flatfeehousing Labs Inc.  All commissions are paid through the Flatfeehousing Brokerages.

2.5.7 Flatfeehousing Exclusive Listings

Flatfeehousing Exclusive Listings homes are owned and advertised by Flatfeehousing and its affiliated companies.  No listing, advertising, or marketing services are provided by, and no commissions received by, the Flatfeehousing Brokerages as part of the Exclusive Listings Program.

2.6 Current Flatfeehousing Promotions

Please note that, from time to time, we may advertise estimates of what customers can receive pursuant to a given Flatfeehousing promotion.  However, the final amounts you will receive, if eligible, will depend on factors like the final price of the home you buy or sell, as well as other associated costs like agent commissions.  Consult with your Flatfeehousing representative for more details as to how these promotions apply to your home sale or purchase. Unless otherwise stated, Flatfeehousing promotions may not be combined.  

2.6.1 Buyer Refund Incentive

In certain of our service areas, if you use an Flatfeehousing Agent or Flatfeehousing Partner Agent to purchase a home, you can save up to 1% off the purchase price of the home in the form of a commission refund at closing.

The amount is subject to a minimum commission to your agent of $3,000, which means it is calculated as the lesser of either (a) 1% of the price of the property you buy, or (b) your agent’s commission minus $3,000. It may be reduced on the basis of purchase type (e.g., short sale), loan or lender restrictions, seller contributions, or law.

2.6.2 Flatfeehousing Backed Offer Program

The Flatfeehousing Backed Offer Program is designed to help customers to make offers to purchase eligible homes without the burden of financing, appraisal, and home sale contingencies. To learn more about the program, including active service areas, and answers to commonly asked questions. Review your program documents for full details.

2.7 Current Lender Incentives

Flatfeehousing is not a lender, mortgage banker, or mortgage broker.

Flatfeehousing has an affiliated mortgage company, Flatfeehousing Home Loans. Flatfeehousing also has a partnership with Lower. You are not required to work with Flatfeehousing Home Loans or Lower as a condition of working with Flatfeehousing. Flatfeehousing does not receive any money or other thing of value for connecting you with Flatfeehousing Home Loans or Lower.

Unless otherwise specified, lender incentives may not be combined.

2.7.1 $2,500 Lender Incentive for Flatfeehousing Homes

Buyers of Flatfeehousing Homes in Arizona, Colorado, Georgia, North Carolina, South Carolina, Tennessee, and Texas who choose to finance their purchase of an Flatfeehousing Home with a loan from Flatfeehousing Home Loans will be eligible for $2,500 off closing costs in the form of a $1,500 seller credit from Flatfeehousing and $1,000 credit from Flatfeehousing Home Loans.

Buyers of Flatfeehousing Homes in Florida who choose to finance their purchase of an Flatfeehousing Home with a loan from Lower will be eligible for $2,500 off closing costs in the form of a $1,500 seller credit from Flatfeehousing and $1,000 credit from Lower.

Buyers of Flatfeehousing Homes in all other Flatfeehousing service areas who choose to finance their purchase of an Flatfeehousing Home with a loan from Lower will be eligible for $2,500 off closing costs in the form of a $2,500 credit from Lower.

These credits may be prohibited or reduced on the basis of loan restrictions (including on maximum contributions) or law. Any portion of the seller credit, if applicable, not applied to closing costs will be used to reduce the purchase price to ensure Buyer receives the entire amount of the seller credit.

Flatfeehousing Homes that are part of our Exclusives program are not eligible for this incentive.

In addition, Buyers of Flatfeehousing Homes that were purchased by Flatfeehousing as part of an Flatfeehousing-Backed Offer Program Agreement with that Buyer are not eligible for this incentive.

2.7.2 $1,000 Lender Incentive for Homes not Owned by Flatfeehousing

Buyers of homes not owned by Flatfeehousing in Arizona, Colorado, Georgia, North Carolina, South Carolina, Tennessee, and Texas who choose to finance their purchase with a loan from Flatfeehousing Home Loans will be eligible for $1,000 off closing costs in the form of a $1,000 credit from Flatfeehousing Home Loans.

Buyers of homes not owned by Flatfeehousing in Florida who choose to finance their purchase with a loan from Lower will be eligible for $1,000 off closing costs in the form of a $1,000 credit from Lower.

This credit is offered by the lender, not Flatfeehousing, and may be prohibited or reduced on the basis of loan restrictions (including on maximum contributions) or law.

2.7.3 $1,000 Lender Incentive for Flatfeehousing Exclusives

Buyers of Flatfeehousing Homes offered as part of our Exclusives program who choose to finance their purchase of an Flatfeehousing Home with a loan from Flatfeehousing Home Loans will be eligible for $1,000 off closing costs in the form of a $1,000 credit from Flatfeehousing Home Loans.

This credit is offered by Flatfeehousing Home Loans, not Flatfeehousing, and may be prohibited or reduced on the basis of loan restrictions (including on maximum contributions) or law.

2.7.4 $1,000 Lender Incentive for Flatfeehousing Homes purchased through an Flatfeehousing-Backed Offer

Buyers of Flatfeehousing Homes that were purchased by Flatfeehousing as part of an Flatfeehousing-Backed Offer Program Agreement with that Buyer in Arizona, Colorado, Georgia, North Carolina, South Carolina, Tennessee, and Texas and who choose to finance their purchase with a loan from Flatfeehousing Home Loans will be eligible for $1,000 off closing costs in the form of a $1,000 credit from Flatfeehousing Home Loans.

Buyers of Flatfeehousing Homes that were purchased by Flatfeehousing as part of an Flatfeehousing-Backed Offer Program Agreement with that Buyer in Florida and who choose to finance their purchase with a loan from Lower will be eligible for $1,000 off closing costs in the form of a $1,000 credit from Lower.

This credit is offered by the lender, not Flatfeehousing, and may be prohibited or reduced on the basis of loan restrictions (including on maximum contributions) or law.

2.8 90-Day Buyback Guarantee

Under Flatfeehousing’s 90-Day Buyback Guarantee (“Guarantee”), you can return a home that you purchased under the following conditions:

Eligibility Conditions

The home was purchased using an Flatfeehousing Agent or an Flatfeehousing Partner Agent and it is either (a) an Flatfeehousing Home or (b) has the following attributes (“Third Party Home”):

  • The purchase price was was no more than $1,400,000
  • The property is a single family home, townhome, or condo
  • The property is not: 
    • a pre-fabricated or a mobile home
    • built before 1960
    • in a gated or age-restricted community
    • in a flood zone
    • on a lot bigger than 1 acre
  • The property was not bought at a foreclosure, probate, or short sale

In the case of a Third Party Home, you must provide a copy of a licensed general inspection report, and we reserve the right not to offer the Guarantee if there is any material defect identified in the report (e.g., foundation issues, roof damage, inoperable HVAC systems, unpermitted additions) or if we determine the purchase price is materially above the fair market value of the home. We will contact you within 48 hours of receipt of the report if this is the case.

Additionally, to qualify, you must have purchased the home as a primary residence, and moved into and resided in the home. You may not lease or otherwise permit tenants in the home. And you may not have previously returned another home to Flatfeehousing in the past 36 months.

Return Conditions

To return the home, send an email to contact@flatfeehousing.com no later than ninety (90) days after the close of escrow (the “Closing Date”) with the following information:

  • The address of the home.
  • The Closing Date.
  • A request to return the home under the Guarantee.
  • The date on which you will move out of the Property, which must be within 40 days from the date the email notice is sent (“Notice Date”).

You will then fill out a short application certifying that (1) you purchased the home as a primary residence and resided in it, (2) no tenants were permitted to reside at the home, (3) you have not previously returned another home to Flatfeehousing in the past 36 months, and (4) you will fully vacate and remove belongings from the home within 40 days of the Notice Date.

Before we re-purchase the home, the following must also be true:

  • There has been no Material Detrimental Change to the property since the Closing Date. “Material Detrimental Change” shall mean any change or changes to the property subsequent to the Closing Date, regardless of its cause, that, taken individually or together, materially impact the property’s value or habitability, as determined in Flatfeehousing’s reasonable, good faith sole discretion, including, but not limited to, non-minor damage to the property; removal or modification of any major fixtures; impacts by acts of God, fire, flood, hail, wind, earthquake, war, epidemic, riot or terrorism, casualty loss; a housing market decline represented by a 5% or greater annualized decline in the seasonally adjusted Case-Shiller Home Price Index for the region in which the property is located measured over the most recent month for which the index is available; a stock market decline represented by a 10% or greater annualized decline in the S&P 500 Index measured from the Closing Date to the Notice Date; or in the event that Flatfeehousing becomes insolvent or files for bankruptcy.
  • Your certifications in your return application must be true, accurate, and complete at the time of the return closing.
  • All liens and encumbrances incurred since the Closing Date must be paid in full or otherwise removed by the Buyer at or prior to the return closing.
  • Any solar lease, loan, or power purchase agreement must be fully pre-paid and transferred to Flatfeehousing at or prior to the return closing.
  • Title to the property has not changed since the Closing Date and there may be no disputes affecting title or liens, other than those arising due to any act by Flatfeehousing.

Following receipt of your notice and application, unless the home does not otherwise qualify for the Guarantee, we will schedule an assessment to evaluate the condition of the home. We agree to schedule the assessment and you agree to facilitate it within 5 days of receiving your notice and application. We will give you the results of the assessment within 5 days of completing it.

Subject to meeting all the above conditions, Flatfeehousing will purchase the home from you pursuant to its standard form agreement, which we will provide to you, for the following price:

The purchase price of the home on the Closing Date minus seller concessions reflected on the closing statement (“Adjusted Purchase Price”) less a 3% fee (the “Return Fee”), less any commission refund you received for working with an Flatfeehousing Agent or Flatfeehousing Partner Agent (“Commission Refund”). If our assessment discloses needed repairs, we will also identify and debit repair costs.

For the avoidance of doubt, Flatfeehousing’s maximum financial obligation associated with a return under the 90-Day Guarantee will not exceed 97% of the Adjusted Purchase Price.

This Agreement was last modified on March 22, 2022.

ANY RIGHTS NOT EXPRESSLY GRANTED HEREIN ARE RESERVED BY Flatfeehousing.