COVID-related restrictions are starting to lift across the country, but sellers are still feeling cautious. Undertaking pre-sale renovations can seem like a big financial risk, but with mortgage applications up 20% from this time last year, the demand is still there—and the demand for move-in ready homes is greater than ever.
For sellers who are hoping to sell quickly, and for the best price, but are hesitant to make a financial investment, we have rolled out a No Loss Guarantee contract option. Under this contract, we ensure the homeowner can’t lose money when investing in a pre-sale project.
Not only is all payment still deferred until closing, but now the homeowner will only pay for the value the renovation added to the home.
Watch this video to see how the No Loss Guarantee option works: