By KIMBERLEY HAAS
As sellers become savvier about return on investment opportunities before putting their house on the market, the presale home renovation company Revive is expanding nationally.
Leaders at the California-based business announced on Tuesday that they have partnered with NextHome, a real estate franchise with more than 5,500 agents in 610 offices across 48 states.
“Presale renovations offer homeowners a $300 billion additional profit opportunity,” Dalip Jaggi, Revive co-founder, said in a statement.
Sellers can leave between 15% and 20% of potential profits on the table when selling a home as-is and, on average, earn $186,000 more than the cost of their renovations, Jaggi noted.
Tuesday’s announcement comes less than a month after it became public that Revive…
By KIMBERLEY HAAS The housing market traditionally cools during the holiday season as people focus on family and friends but industry leaders say it is a good time for potential sellers and buyers to weigh their options. After mortgage rates recently surged above 7%, real estate activity and consumer sentiment took a nosedive. Home delistings hit a record high in November as sellers and buyers pulled out of the market, according to journalists Lily Katz and Ben Walzer at Redfin. Markets where home prices skyrocketed during the pandemic are now cooling the fastest. In Sacramento, Calif., an average of 3.6% of active listings were delisted per week during the 12 weeks ending on November 27, up 1.6 percentage points from one year earlier.…
The Keyes Company is partnering with presale renovation company Revive to help sellers boost the value of their home before listing, the companies announced in a press release. Revive and Keyes plan to maximize home equity by guiding sellers through pre-sale renovations. These changes may boost the equity by 15-20%. Revive will front the costs of renovations, as well as provide guidance, contractor support, and other expertise. Keyes Company agents will then be able to ensure sellers are getting the best return on investment they can. Renovated homes bring in $186,000 more in net profit than those sold “as is,” and sell faster, according to leaders at Revive. “Home sellers who want to maximize their returns can no longer list…
