Whether your home needs a few small improvements or a more complete renovation,
you can take your home’s current condition and transform it into a beautiful finished
product that buyers want.
How Does It Work?
The ‘Lipstick and List’ program gives sellers a competitive edge in today’s market. By transforming a property within weeks, into a desirable asset, we will loan sellers the capital to create a home that buyers are looking for. We know the upgrades that add the most value and assist sellers by providing a list of competent trades able to perform the work prior to listing the home with no out-of-pocket renovation costs* to the seller prior to close of escrow.
After a mutual agreement of budget and bids, a loan of up to $10,000 is 0% interest, no cost to the seller. Anything above $10,000 may be an option, at KD Realty’s discretion, with the minimum interest rate required by law, which averages 3% APR.
We are paid back upon a successful close of escrow. The title company will send us a payoff check for the loan. So, it is in our best interest to get it sold quickly for the seller.
The loan will cover upgrades for Kitchen, bathrooms, paint, flooring, landscaping, pergola’s, roofing, etc. We will create an improvement list together to best use the budget and to better ensure a possible return on investment.
The vendors will be paid upon acceptable completion of work, by KD Realty. The seller will receive a copy of receipt to ensure work has been paid for.
Unfortunately, we cannot fund improvements for the seller to continue to reside in the property. The upgrades are to improve the home for selling, and for KD Realty to procure the sale listing.
We will provide a list of trusted vendors that we have a history with. We are a licensed B3 Contractor in the state of Arizona. You may use your own preferred vendor. Using a licensed contractor is preferred and a must on jobs over $1,000, or for work that is more than casual or minor in nature.
We allow you to borrow against the equity in your home with no banks. We come up with a budget for upgrades that we both agree should bring value to the property. I then front you the budgeted amount through vendor payments to get the improvements done before listing the home. The move-in ready home is ready to put on the market and maximize seller profit.
The goal is to get all improvements completed within 30 days of signing the listing agreement. When updates are completed the professional photographer is scheduled to shoot a photo gallery of the home.