I'm really excited to post today about one of the aspects I am most excited about working at Compass: Concierge.
Concierge is a Compass-exclusive program where sellers can do improvements to their property before listing in order to make their home look its best and recoup the greatest amount of money.
I have been an advocate of doing small cosmetic projects to properties since starting in this business. Buyers have a hard time visualizing a property's potential. Staging can do a lot but sometimes small home improvements can make a drastic visual change to a property.
Often, I recommend painting projects, small cosmetic improvements in bathrooms (like resurfacing dated tile and installing new light fixtures). Generally, a bathroom doesn't need a $20k overall to suggest a higher price tag. Same goes for kitchens. Paint, new fixtures, and some updated tile work goes a LONG way. Even the above picture, which was all new cabinets, counters, appliance and backsplash shows the whole house looks new but the project itself was likely only a few thousand.
But in today's market, where move in ready homes come at an even higher premium, in certain price ranges, even larger scale renovations, like whole house painting, new countertops and appliances, a bathroom renovation, might generate much more than the cost of doing the actual work.
Many sellers are hesitant to do this work themselves or spend money out of pocket. And of course, many sellers don't have the cash to do larger projects.
In comes Concierge. This program funds the approved projects in advance of listing, only getting reimbursement after closing. And unlike similar programs and companies on the market, there isn't a large overhead of associated fees.
The Classic program pays vendors directly for approved projects where Concierge's new Capital program allows homeowners and agents to access funds directly to pay for paint, materials, etc.
While it isn't a fit for everyone, this program opens so many doors for sellers to get the most out of their money.
Questions? Reach out via email, text, call or messaging for more info!