Will Real Estate Agents Overvalue Your Home to Win Over a Listing?

CASE STUDY

Watch the outcome for a client who chose to use a real estate agent
instead of the Senior Home Purchase Program!

  • Potential Senior Home Purchase Program client had a medical condition and was getting worse quickly. He needed to transition to a senior living community rather quickly.
  • The house was not in great condition, wasn’t clean or well kept. The house was in no condition to be listed on the market.
  • Senior Home Purchase Program offered to buy the home for $443,000, with a close date of November 18.
  • However, a real estate agent came in to the picture and told the potential client he could get $550,000 for his home.

Pictures Before Sale Of Home

  • Three months later (January 18) the house was finally listed...at $549,000.
  • The house was not ready to be listed three months prior due to the prep for sale work that was needed.
  • Judging by the pictures from the listing, $10,000-$20,000 was spent on home renovations.
  • The home sold on February 12 for $485,000.
  • ESTIMATED COSTS: 5-6% real estate agent commission, with an additional 1-1.5% for closing costs, which comes to a total of $34,000.
  • The home sold on February 12 for $485,000.
  • Therefore, the net proceeds to the home owner were $436,000.

Pictures Of Home From Real Estate Listing

KEY TAKE AWAY

In this scenario, had the homeowner chosen to capitalize on the Senior Home Purchase Program, he would have walked away with more money ($443,000 vs. $436,000) and saved three months of time and unnecessary stress.


Are you looking to sell your home in a quick and efficient manner so you can transition into a senior community? The Senior Home Purchase Program will purchase your home, as-is, in as quick as 30 days and simplify your life. Click the button below to learn more.