Renovate now, pay at close of Escrow

When rates are high, buyers want Move-In Ready homes that are already updated. Renovating your home with the intention of paying for the renovations at the close of escrow is a strategy that can be beneficial in certain situations.

We believe in the power of a renovated home so much that we create the plans, manage the entire renovation and make sure everything is done right in a timely manner for you to have your property listed. We also believe your home will sell faster, with less credits to buyers, and for 10-25% higher.

Here's how we will approach it: 

1. Evaluate the Potential Return on Investment: Before proceeding with renovations, we will help you assess whether some updates will significantly increase the value of your home and decrease the time on the market once you are ready to sell. We will focus on renovations that are likely to attract potential buyers and justify the cost. Discussing with us is a wise idea, as we can suggest what appeals the most to potential homebuyers, and can guide you to make strategic decisions that are more likely to pay off in the home selling process. 

2. Consult with Contractors: Our team is a great resource to connect you with contractors we have worked with or have seen and liked their projects previously. We will help you discuss with them to get estimates for the renovations, and communicate your intention to pay for the renovations at the close of escrow so that they are aware of the payment terms. Some contractors may be willing to work on a deferred payment basis, especially if they believe the renovations will increase the value of your home. Negotiate payment terms that are favorable to both parties, and ensure that everything is documented in a written agreement.

3. Prepare Your Home for Sale: After the renovations are complete, we will focus on preparing your home for sale. Our team might suggest staging your home to showcase its updated features and make any necessary improvements to enhance its curb appeal.

4. List Your Home on the Market: Work with our team to list your home on the market. We will highlight the renovations you've made and will market your listing skillfully to generate interest and attract the most potential buyers.

5. Negotiate Offers: Review offers from potential buyers and negotiate terms that are favorable to you. Be prepared to provide documentation of the renovations and their associated costs to justify your asking price.

6. Close the Sale: Once you've accepted an offer, our team will work with an escrow company to finalize the sale. The cost of the renovations can be paid out of the proceeds from the sale at the close of escrow.