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RETAP™

Real Estate Transition for Athletes Program (RETAP™)

At Sure Sports, we understand the unique challenges athletes face when transitioning to new markets due to trades, signings, or releases. That’s why we created, and are piloting the Real Estate Transition for Athletes Program (RETAP™), a pioneering solution designed to provide athletes with quick and hassle-free access to their home equity. Our goal is to ensure a smooth relocation process, allowing athletes to focus on their careers without the added stress of managing real estate transactions.

RETAP™ Program Overview

The RETAP™ pilot program offers professional athletes a streamlined way to unlock up to 60% of their home’s equity within days, providing the financial flexibility needed to purchase a new home in their new market.

Benefits of RETAP™

  • Market Valuation – Using a combination of a drive-by appraisal + comparable sales with local agent input.
  • Property Inspection – A property inspection will be conducted to assess its condition and identify any necessary repairs before listing it for sale.
  • Closing & Upfront Payment – The initial transaction can be completed in as little as 5 days (depending on local government processing times). The athlete will receive 60% of the final offer, upfront in cash. However, any existing liens on the property must be satisfied before the payout.
  • Escrow & Repairs – The remaining 40% of the offer will be held in escrow. These funds will cover necessary repairs identified during the inspection, as well as any upgrades required to maximize the property’s value. The real estate agent will coordinate these repairs and upgrades.
  • Listing & Sale – Once all repairs and upgrades are complete, the property will be listed on MLS.
  • Price Reduction – If a property remains unsold after 30 days from completing repairs and upgrades, the list price may be reduced at the sole discretion of Sure Sports by up to 5% each month until sold.
  • Offer Approval – All offers must be approved by Sure Sports prior to acceptance.
  • Proceeds Distribution – After subtracting the program fees, along with the cost of any repairs or upgrades, final sale proceeds will be provided to the athlete (seller).
  • Please note: athletes must have sufficient equity in the property to qualify for the program.
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RETAP™ Program Expenses

  • Origination and Underwriting fees: 7% of final purchase price
  • Carrying fee: 1.5% per month (starts 30-days after upgrades/renovations are completed)
  • Realtor Fees: 6% (est.) of final purchase price

Why Choose RETAP™?

Speedy Real Estate Transitions for Busy Athletes

RETAP™ is a pilot program designed to support athletes in transitioning markets after signing with a new team, being released, or traded. The program provides upfront capital, enabling athletes to establish themselves in their new markets without the stress of managing immediate home sales.

Better Banking for Athletes

Sure Sports has partnered with Next Move / KW Sports + Entertainment to offer nationwide real estate services, ensuring athletes receive professional support and guidance throughout the relocation process.

Frequently Asked Questions (FAQs)

How do I qualify for RETAP™?

To qualify, athletes must have sufficient equity in their property. The program is designed to provide up to 60% of the home’s equity upfront, with the remaining 40% held in escrow for repairs and upgrades.

What is the application process like?

The application process is straightforward. Athletes need to provide property details and undergo a market valuation and property inspection. Upon approval, they can receive their upfront payment within days.

How long does the entire process take?

The initial transaction can be completed in as little as 5 days, subject to local government processing times. The overall duration depends on the completion of repairs and the final sale of the property.

What happens if my property doesn’t sell immediately?

If a property remains unsold 30 days after repairs and upgrades are completed, Sure Sports may reduce the list price by up to 5% monthly until it is sold.

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