Compass recently rolled out a pre-market renovation program called Compass Concierge, which was designed to empower sellers in maximizing the value of their property before placing the property on the market. Compass will advance funds, interest-free, which may be used to renovate a property before going to market. Painting, floor covering, landscaping, even kitchen, and bath remodels may be completed through this program. Once the house is sold, Compass is reimbursed out of the escrow proceeds, again, interest-free. Before Compass Concierge, we had many clients that would have been interested in completing a minor renovation if the process had been streamlined, quick and didn’t require an up-front investment, particularly when dealing with estate sales that involve multiple decision-makers involved.
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