I’m excited to share with you a new program we now have here at Shannon Rollings Real Estate called Equity Advance!
Equity Advance is a program for those homeowners that have equity in their home but they don’t have the cash available in order to do necessary improvements or repairs to sell their home. Our goal at Shannon Rollings Real Estate is always to help our clients get the most for their home, and this program provides another option to make that possible.
We’ve seen recently where a lot of homeowners don’t have the cash available RIGHT NOW to do the painting, or replace the carpets, or whatever is needed in order to get their home sold. This program provides the solution to that problem.
The Equity Advance is a program for those people that have equity in their home. Home equity is where the loan balance on the home is less than the current value of the home.
The way the program works is simple:
1. We verify the loan balance.
2. We determine the current value of the home.
3. We review, with the homeowner, a list of possible repairs/improvements or necessary repairs that might need to be done.
4. We get bids.
After we have agreement on everything that needs to be done, there’s a simple closing on the advance, and then you’re ready to proceed with making the repairs in order to get top dollar for your home.
This process is much quicker and less costly than getting a home equity line of credit. So, this might be an opportunity for you or someone you know who needs to make repairs in order to get their home sold.
If you think this program would work for you, give us a call! My team and I are on standby, 7 days a week, ready to help you take the smoother road to sold.