A quick glance at Curbio’s recent case studies demonstrates that the right pre-sale renovations can dramatically increase a home’s sale price and sellers’ net proceeds. Unrenovated properties spend more days on market and sell for far less than their renovated counterparts, so it’s no surprise that many brokerages are rolling out “concierge” services to finance pre-sale renovations. While the programs vary by company, the overall benefit is that the brokerage pays the homeowner’s contractors and get repaid at settlement.
Curbio will also cover all expenses related to a renovation and defer all repayment until settlement with no fees or interest (ever). This is pretty much where the similarities with concierge services end. Some concierge services charge interest, some require sellers to pay in full if the home doesn’t sell within a specific timeframe–or if they transition to another agent.
The biggest difference, and the most important one, is that Curbio doesn’t just defer payment, we actually do the renovation and manage the entire project from proposal to punch list.
For most sellers, payment deferral only solves part of the problem. Larger challenges remain: How will sellers know which renovations will actually increase the value of the home? Who will find, vet and hire the contractors? Who will select and order the materials and make sure the project goes according to plan? How will you get the renovation completed quickly so the home is on the market ASAP? These are the bigger problems that Curbio solves.
Concierge services merely finance the project, but rely on the agent and seller to figure out the rest. More often than not, the agent and homeowner are responsible for collecting estimates, chasing down contractors, selecting and ordering materials and managing the day-to-day project activities. So on top of everything else a Realtor does, they now become a project manager.
That’s why so many agents, including those from brokerages that offer concierge services, turn to Curbio. We are the only renovation company that specializes in ROI, speed to market and on-site, stress-free project management.