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Benefits of selling to a renovation pro directly

Selling w/ an agentSold to New Page Real Estate
Commissions/Fees6% is common – paid by youNone
Who Pays Closing Costs?2% on average is paid by youNone – We pay all costs
Inspection & Fin. Contingency *Yes, up to 15% of sales fall throughNone
Appraisal NeededYes, sale is often subject to appraisalNone – We make cash offers
Average Days Until Sold+/- 91 DaysImmediate Cash Offer
Number of ShowingsDepends on property/location1 (Just us)
Closing Date30-60 Days is commonDate of your CHOICE
Who Pays For RepairsNegotiated during inspection periodNone – We pay for all repairs

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* We utilize a short inspection contingency which gives us a few days to confirm there aren’t significant, non-obvious condition issues with the home. These would be very rare, as we usually expect to do significant renovation work on these homes. If we do find such issues, the contingency allows us to void the contract, or potentially discuss with the seller and renegotiate based on these findings.

* A financing contingency is sometimes used to provided protection for us as we line up our team for each project, and it enables us to back out of the deal if financing issues arise, but these are also rare because we don’t utilize traditional bank financing, and there will be no bank appraisal.

Just to reiterate, here at New Page Real Estate we don’t use bank financing so you don’t have to worry about our ability to close on a deal.