There are resources available, from my team of professions, to make repairs to your parents house; repair and repaint. Drywall if needed. Make cosmetic updates to help sell the property for the highest dollar. This is preferred to selling a property that might be tagged Handy Man Special or Needs some TLC.
We can contract these services directly to completely freshen the paint colours, declutter and empty out the property, dispose and donate unneeded furnishings.
Carpeting can be removed or replaced and updated, changed out for hardwood floors for maximum impact with first impressions.
All these expenses can be termed into the services provided in addition to listing the home for sale. Contractors can add their construction liens to the title to secure payment at a future date ie 90- 120 days.
An outright mortgage can be advanced from a PRIVATE MONEY mortgage lender, as a FIRST Mortgage, against the property should the repairs and updates require something more substantial. Things like wiring updates to eliminate Knob and Tube or Chimney Repairs/ Roofing are worthwhile added values as they assist the future owners with repair they would be making in the future. *BEAR IN MIND that the interest rates will be more like a VISA card, still secured by the property, will require a lawyer to secure the mortgage, plus mortgage brokerage, appraisal and application fees. Your credit is not an issue as this is against an estate asset. The Estate Trustee must have the authority to encumber the estate's assets.
With Warranties up to date and Bills of Work done in hand, Buyers can satisfy themselves with the changes they would like to make further. Properties with updated wiring are easier to insure.
If you need to make repair and update systems give us a call to see if we can help you bring the property to market at a higher net value to you.
RE/MAX realty specialists inc., brokerage
416 233 9000 or direct at 647 218 2414