A home remodel prior to listing a home for sale typically involves updates and improvements to the property to increase its value and appeal to potential buyers. The details of a home remodel can vary, but some common improvements include:
It's important to note that in the job rich core neighborhoods of the Bay Area, every dollar spent on visual improvements can add an extra $2-3 of value to the home.
That’s why most sellers that have remodeling projects use Compass agents and their Compass Concierge service.
Concierge Capital gives sellers direct access to funds to help front the costs of home preparation and improvement services with zero interest charged. Using the Concierge Capital debit card via our partner Notable, you as the seller can gain access to funds immediately and can elect to work with any vendor or one of the Palermo Property Team vendors to complete the home improvement plan.
Here’s how it works:
Step 1: Upon confirmation by your Compass Agent, funds will be disbursed to you via a Concierge Capital Debit Card. A virtual card will be made available the same day as approval and your physical debit card will arrive within 5 to 7 days.
Step 2: Complete Your Concierge Project Working with your Compass Agent, you’ll select and engage vendors to complete work on your home. Please note, you may also use your Concierge Capital Debit Card in stores and online to purchase home improvement materials, staging props as well as moving and storage goods. Should you need to pay a vendor via cash or check, you may submit a cashout request or request a check be sent directly to your vendor via your Notablefi.com portal. With a cashout, Notable will deposit funds directly into the bank account that you have registered with Notable, allowing you to pay cash directly to your vendor or via a payment app such as PayPal or Venmo.
Step 3: Notify Notable of Closing & Repayment Concierge Capital funds are due back to Notable at the close of sale or the first applicable milestone in your lending agreement (e.g., de-listing your home, terminating your ELA with your Compass Agent, 12 months elapsing after Notable’s approval of your Concierge Capital loan, etc). When your home enters into contract and a sale becomes pending, you or your agent must notify Notable of the upcoming closing. A final invoice will be issued 7 days before the closing date to allow you to use any remaining funds prior to close.
So you see…you don’t have to spend money up front to make money.
Call a Palermo Properties Agent today and ask how you too can participate in this groundbreaking program.
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