Frequently Asked Questions
Borrow Up To $10,000 at 0% Interest for Home Improvements or Upgrades
Yes! You will not pay any interest on the money that I loan, up to $10,000.
The escrow company will create a settlement statement listing the closing costs that will be subtracted from the proceeds of the sale (i.e. mortgage payoff, commissions, HOA fees, etc). They will include the repairs/improvements on the statement, and when the house officially closes they will send me a check for reimbursement.
Before any work begins, you will approve an estimate from the person doing the work. Once the job has been completed they can send me an invoice and I will pay the contractors directly.
Yes. I am not a licensed contractor, so you will need to select and schedule the contractors, although I have excellent vendors that I can refer to you who will do great work at a competitive price. Please make sure you are using someone who is licensed.
Almost anything, including paint, carpet, tile, countertops, appliances, cabinets, lighting, window treatments, door hardware, HVAC systems, and landscape. In special cases I have even done swimming pools!
Every situation is different, as well the perceived value of each upgrade or repair, so we can’t guarantee a set return. However, appraisers will certainly factor in upgrades and overall condition into their valuations. Additionally, statistics show that the longer a home stays on the market the less it sells for.
Generally you should have at least 10% equity in the home after all expenses are paid, and the estimated sales price should be at least $150,000. However, every situation is different, so please call to see what options are available to you.
Unfortunately, no. It is a program I only offer for my clients when I list their home. But why would you want anyone other than the best possible Realtor to sell your home? I was #1 in the nation last year with HomeSmart, which has 15,000+ agents throughout the country.
Hear from some of my happy clients.
Please reach out with any questions…