Outcome
This was a probably the biggest preparation project we have undertaken. The Sellers built a home but were not in a position to complete the project due to time constraints. The Sellers were also conscious of funding the remaining work as they did not want to use all their savings. We organised funding for the owners through one of our finance partners, which assisted us to finish the projects and present the property in its best light.
The result of the project was significant as the “As Is” appraisal was well below market value.
Appraisal Price “As Is” – $825,000
Comparable market analysis – $850,000 – $900,000
The property sold for $975,000
Work done
- Internal Painting.
- Building a retaining wall to the side and front of the property.
- Install garden beds.
- Install lawns to the front of the property.
- Install artificial lawns to the front, side and rear of the property.
- Build fencing.
- Smoke Alarm Compliance.
- Electrical Safety Switch Compliance.
- Professional Cleaning
- Furniture and Accessories styling.
- Professional Photography.
- Organise and prepare Seller Disclosure Form 2.
- Assisted in the reduction of the real estate commission.
