$800,000

As-is price

Purchase price

$195,646

Renovations

$1,220,000

Sales price

Resale price

$224,354

Profit

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Scope of work

New flooring, interior painting, door enhancements, lightings, kitchen remodel, new appliances, bathroom full remodel, bedroom refresh, and staging

Before & After

Summary

Compass agent Leslie Faught partnered with Revive Property Advisor Jon Salas to tackle pre-sale renovations needed at 7140 Arbeau Dr., in Newark, CA. This listing was inherited as part of a trust and required major renovations, but the new owner didn't want to take on the financial burden of fronting the money himself, so Revive covered $195,646 worth of improvements, which took the initial value of the home from $800,000 to selling for $1,220,000. The job was completed two weeks ahead of schedule, and the seller netted $224,354, while Leslie Faught saw a 52.5% increase in commission, a big success for both the seller and agent.