The option to pay for renovation, addition, new construction, and repair services upon the closing of a sale is the gold standard of convenience and affordability in home construction. Our Pay-At-Close service is exclusive, local, and tailored to your needs! Give us a call or send us an email if you have questions or want to get your project started. Otherwise, read ahead for more info on the best deal around for construction services.
What exactly is Pay-At-Close? Let’s break it down.
For homeowners & investors looking to maximize the value of their property, deploying cash to complete key repairs and renovations can be inconvenient or impossible. We have developed a way to allow these sellers to complete these projects with no cash up front or out of pocket.
- It’s not a loan or financing
- No credit checks
- No interest or other fees charged
- We don’t get paid until you get paid, so we strive for the best possible results (as always, but it bears saying)
- Project is paid for from closing proceeds distributed by the Title & Escrow company
- You must have an active listing agreement with a licensed real estate broker (click here for our recommendation and 10% off services)
- Your home must sell within 6 months of work completion
- Renovations, Repairs/Restoration, New Builds, Permits/Planning, Engineering, Roofing, Painting, etc. all available
As you can see, the only qualification is that you are the property owner of record with a signed listing agreement with a licensed real estate broker. The listing should not be active, but should allow enough time for the work to be completed–plan for 3 months, give or take, depending on the scope of the project. Small projects like roofing or painting can take a week or less. Comprehensive renovations and remodels will take 2-3 months or more.
For real estate investors, BRRRR buyers, fix-and-flippers, house hack wizards, and developers, this is an excellent way to conserve capital for future projects. Paying from the closing allows you to write the project costs into your bottom line and take advantage of additional financing opportunities, without affecting credit.
For home sellers who are simply looking to maximize their resale value, it provides the opportunity to tackle deferred maintenance items, wear and tear, and property damage even if you don’t have the cash to pay up front.
Reach out today to start planning your Pay-At-Close project! We look forward to working for you.
Freestone