Home sellers looking for help preparing their home for sale can now turn to @properties Christie’s International Real Estate for assistance.
The program covers upfront costs related to a variety of services sellers may need to use to prepare their home for the market. Through the program, sellers with properties priced up to $4 million can borrow the lesser of 5% of their home’s list price or $50,000 in order to pay for things like non-structural renovations, staging, painting, landscaping and storage among other things.
The Concierge program does not require payments of principal, interest or fees until the home sale closes, the listing is canceled or 12 months have passed without a sale. According to the release, interest only accrues on the funds sellers draw, not on the full loan amount. Sellers are typically approved for funds within three business days, and they may select their own vendors for the repairs.
“Concierge gives @properties Christie’s International Real Estate’s home sellers a significant edge in today’s market and equips our agents with a powerful new tool to win and market listings,” Mike Golden, co-founder and co-CEO of @properties Christie’s International Real Estate, said in a statement. “By providing fast, easy access to capital, Concierge removes one of the biggest barriers to bringing a listing to market in optimal condition and creating a more seamless, successful experience for everyone involved.”
Concierge is powered by Notable, a real estate fintech company.
Compass, the parent company of @properties Christie’s International Real Estate, began offering its own Compass Concierge service in 2018.
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