Home sellers are finding that repairs or upgrades made to a home just before a sale will increase the price. Now, a real estate company in Canada is offering homeowners the funds required to make those repairs. The Canadian Home Realty Inc. introduced its renovation loan program designed to help sellers receive a higher price when selling their property. The program offers sellers up to a $25,000 interest-free loan to use towards renovation upgrades to add value to their homes.
“We’re excited to offer clients this first-of-its-kind program to assist them in selling their home for top dollar especially when they are not receiving suitable offers,” says Manoj Karatha, Broker of Record at The Canadian Home Realty Inc. “This program was designed to help sellers that want to make upgrades to their house but do not have the capital to do so. With the knowledge and expertise of our real estate professionals, sellers can make the necessary improvements to make the property more desirable to buyers and we have found that our clients are eager to take advantage of this program.”
To take advantage of the renovation upgrade program, The Canadian Home Realty Inc. along with one of their partner renovation vendors conduct a thorough inspection of the seller’s home to identify areas that should be improved to increase the value of the property. The seller then approves the proposed renovation plan.
“With the help of The Canadian Home Realty Inc’s renovation loan program, we received $195,100 over the initial listed price,” said sellers Jelin and Priya, clients of The Canadian Home Realty Inc. “The entire process was seamless with the upgrades completed on our home within 15 days without any expenses for us to worry about.”
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