The challenges:

  • The family home was purchased in 1960
  • The successor trustee needed to sell it to maximize net proceeds, but lives out of the are
  •  It was clearly a wholesale product
  • Non-existent renovation budget

Take a look at the before pics!

The solutions:

  • Our design/construction team created a "Must-Do" list of improvements to elevate the property to retail status
  • Target: 400% ROI for all renovation items
  • All costs to be paid with proceeds upon sale closing
  • Implementing my "9 Strategies System"

Take a look at the after pics!

Results:

  • 2nd-highest price-per-foot sale in the neighborhood
  • Goal of a 400% ROI on renovation costs reached
  • Maximum possible net proceeds within the established timing requirements

This is the 5th sale like this that my team and I have done in the last several years.

They're not easy: long-time family homes, lots of emotional connection, copious amounts of deferred maintenance and updating that is needed, etc.. But we LOVE it.

If you've got a similar situation, please reach out for further discussion.

Thank you for watching!!!

Michael Hausam is a licensed Real Estate Broker. He's been a resident of Orange County, CA since 1990, he funded his first mortgage loan in 1991, has had a B-1 general contractors license since 2005, and he has had his real estate license for over 25 years.

Thank you,

MPH

Broker Associate, Coldwell Banker Realty

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