Strategically improving the condition of the home achieves higher profits for the seller from the sale of the home. However, in the past, not every seller could afford the up front costs of these renovations. Determining which project to do, and which vendors to do them, presented additional obstacles for home owner.
Compass has created a process called Compass Concierge to solve this issue. The Compass Concierge program will pay the up front costs associated with preparing a home for sale. The costs are repaid from the sellers net proceeds at settlement. There are no interest charges, or additional mark up fees to the costs of the pre-sale renovations. The Compass agent helps the seller determine which projects represent the higher return on investment, and help find vendors to do the work for the seller.
Compass recently announced the following guidelines for the program.