A client came to us ready for a new beginning. She had purchased her first home years ago, and after moving out and renting it out for about 15 years, it was now time to sell. She and her husband wanted to buy their forever home, but the rental had been neglected, and selling it as is would not get her where she needed to be.
The numbers
- about $45K Put into the renovation, not by her
- about $550K Sold for
- roughly $120K More than the investor cash offer
- about $200K She walked away with
As Jose reported them, rounded the way he rounds them.
The initial investor cash offer was around 350,000, quick and simple, but her real goal was to net around 200,000 for a down payment. So instead of just buying the property at a discount, we offered a different path. We put in about 45,000 into renovations, managed the entire project, and handled everything from start to finish. She didn’t pay for the upgrades, she didn’t manage contractors, and she didn’t even step foot in the house during the process. The first time she saw the finished product was when we sent her the live listing.
The once tired rental had become one of the most competitive homes on the market, and it ultimately sold for about 550,000. That approach netted her roughly 120,000 more than the as-is investor route, and most importantly, when everything was said and done, she walked away with approximately 200,000 dollars, exactly what she needed for the down payment on her next home.
“This wasn’t just about renovating a house, it was about really understanding her why. A cash offer would have solved one problem fast, but because we understood her real goal, we helped turn an aging rental into a 200,000 dollar fresh start for her family’s next chapter.”
