Aussies looking to sell their property are being offered up to $60,000 in specialised finance to renovate or upgrade their property and cover vendor marketing costs.
Australians planning to sell their home or investment property can access between $3,000 and $60,000 in 48 hours to finance the raft of things needed to ready a home for sale without outlaying their own money upfront.
SaleFunder allows property sellers interested in maximising their sale price to access funds needed to fund renovations, repairs, landscaping, property advertising and marketing, styling, solicitors’ fees and even various inspection reports.
According to the company founder and CEO, the “comprehensive product” was born out of the realisation that a clear gap in the market burdened the sales process.
“We realised that while sellers could already finance advertising and marketing costs, many also wanted the option to directly access finance to cover the cost of other small projects which many real estate agents believe can unlock significantly higher sales price,” said Lucas McEntee.
“SaleFunder is aimed at making it easier for every property owner to get the best possible return from the sale of what’s likely their biggest asset.”
Chairman and Owner of Century 21 Real Estate and Better Homes and Gardens Real Estate, Charles Tarbey, said home owners and real estate agents alike had been waiting for a product like this.
“In nearly 50 years of real estate, I have lost count of the times I saw vendors achieve a higher price for their home by improving the way it was perceived by buyers,” said Mr Tarbey.
“On the flip side, I also recall countless cases when vendors didn’t follow an agent’s recommendations to undertake some small improvements or run a more aggressive marketing campaign and this likely cost them money in the end.
“Simple things – such as a small renovation, a fresh coat of paint or even a backyard makeover – can make all the difference in attracting strong competition for a property which can often mean a better sales price,” said Mr Tarbey.
SaleFunder charges customers 6 per cent interest for the first 90 days, and then 1.5 per cent for every month thereafter. The borrowed amount is repaid at settlement.
“While it’s critical for sellers to do their research, speak to agents about what they believe works and what doesn’t while assessing the costs versus the potential benefits of finance, we really hope at the very least SaleFunder provides new options to sellers that they didn’t have before,” concluded Mr McEntee.