The homeowners knew the home had more potential, but needed a clear plan to unlock it.
Compass agent Rabia Alizai had a listing at 1160 Pomeroy Ave., in Santa Clara, CA. The property needed some work, so she contacted Revive Property Advisor Jon Salas to help her tackle the job. Rabia’s client had been dealing with personal and financial difficulties and needed to sell his home for the most money possible. Initially valued at $900,000, the property underwent a complete renovation totaling $111,755 that was fronted by Revive – a change from Rabia's traditional approach of funding and managing the renovations herself.
The results speak for themselves.
Some of the improvements included new flooring, a kitchen remodel, and softscaping. This partnership turned the seller’s pre-foreclosure situation around, leading to a sale price of $1,100,000 and netting him a profit of $88,245. The deal saved the seller from his financial struggles and increased Rabia's commission by 22.22%, highlighting the benefit of working with the right partners. The project yielded an ROI of 78.96% and helped Rabia’s client have a fresh new start.
Home value increased by $200,000
$900,000
As-is price
Purchase price
$111,755
Renovations
$1,100,000
Sales price
Resale price
$88,245
Profit
For illustrative purposes only. Individual results may vary. Testimonials and case studies are not intended to guarantee the same or similar results.
