Frequently Asked Questions
Q: If I have a contract with Fortuna, can I sell my home to someone else?
Definitely. Your purchase contract from Fortuna contains clear language that gives you the option to sell your home to a higher bidder, instead of Fortuna, as long as you do so within the established timeframe.
Q: Can I cancel the Fortuna contract to buy my home?
Yes. Your contract with Fortuna contains explicit language which grants you the option to sell your home to a higher bidder if done so within the contract timeframe.
Q: Am I locked into the contract when I sign?
Totally fine. Fortuna is a buyer in this situation, and whether you sell to Fortuna or someone else, having an agent to handle the transaction is advisable.
Q: What does Fortuna do with the house when it buys it?
Fortuna is not in the business of buying and flipping homes. We’re here to remove obstacles for you. For that reason, we will re-list your previous home with the same real estate agent and when the property sells, we’ll return 90% of the net proceeds of the sale to you!
Q: What if I don’t like the offer Fortuna provides?
The purchase offer amount in the Fortuna contract is not intended to be the most competitive offer. Rather, it’s designed to help you buy before you sell, and give you peace of mind knowing your previous home is sold so you can move forward with your life. Our contract will provide you with sufficient flexibility to sell to the highest bidder if that isn’t us.
Q: How long do I have to sell old my home after closing on my new home?
The terms of the Fortuna contract provide 90 days from when you close on the sale of your new home to sell to another buyer, or to Fortuna.
Q: What if I already have an agent?
Totally fine. Fortuna is a buyer in this situation, and whether you sell to Fortuna or someone else, having an agent to handle the transaction is advisable.