SELLING PROPERTY

Fintech Company Takes Pressure Off Vendors

BY REALTYASSIST

Selling your property can be a costly exercise. Fortunately, new solutions by fintech company RealtyAssist are taking some of the financial burden off of vendors, and making the selling process a whole lot easier.

Traditionally, real estate agencies invoice vendors for marketing fees upfront. This can leave vendors out of pocket, sometimes struggling to scrape together the necessary funds. Often, vendors face having to under-market their property as they can’t afford a premium campaign. With RealtyAssist, vendors can now advance the amount required to afford their property the marketing campaign it deserves, and defer repayment until settlement* when they are in a better financial position.

Say you have Beth and Tony, a young family with two kids who are looking to sell their home and move closer to their kids’ school. In a competitive market, they could be looking at marketing fees of around $4,500. If their agency is a RealtyAssist member, they can defer their marketing payment and have RealtyAssist advance the funds upfront to the agency on their behalf. Beth and Tony can then repay RealtyAssist when their property settles*.

For many vendors, selling a property can be a stressful experience. However, RealtyAssist has a range of financial solutions to help make the process as painless as possible.

RealtyAssist may be able to provide funding to cover any necessary home improvements or repairs required before selling. This could include anything from a fresh coat of paint, through to completing some long overdue home maintenance or having the interior expertly furnished by a professional staging supplier.

For example, say you have Ben, who was slowly renovating his home, but suddenly has to sell and move interstate. Instead of selling his home in a half renovated state, Ben may be able to use RealtyAssist to secure additional funds, and get his renovations finished quickly before he goes to market.

Likewise, Sarah and Jane might be heading towards settlement. During a building inspection, a structural issue might be identified that must be fixed prior to settlement. The repair might cost $17,000, which Sarah and Jane cannot afford to pay for out-of-pocket. Instead, RealtyAssist could potentially save the day by providing them with the funds to finance the repairs, which Sarah and Jane can then repay when their property settles*.

RealtyAssist prides itself on removing obstacles and putting the power back in the vendor’s hands; without the stress, delays, and arduous application processes that can come with tradi-tional lending. Best of all, RealtyAssist’s fees are extremely competitive.

To find out more, visit www.realtyassist.com.au or call 1300 355 729.