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The Value of a Proactive Approach
Rather than wait for an uncertain market to come around, more and more proactive property sellers are using Interluxe to take control of the timing and terms of their property sale. Interluxe’s structured, 45-day sales process may deliver a higher net present value when compared to a traditional listing approach.
Sold Through Interluxe Traditional Listing Approach
List Price $2,500,000 $2,500,000
Estimated Contract Price1 $2,250,000 $2,250,000
Monthly Cost of Carry2 - ($12,500) - ($12,500)
Approximate Carrying Costs3 - ($18,750) - ($375,000)
Closing Costs Paid by Seller4 $0 - ($20,000)
Net Proceeds to Seller $2,218,750 $1,842,500
1Assuming reserve of 90% of list
2Calculated at .5% per month
3Cost of carry assuming 30 months carrying time vs. 45 days through Interluxe
4Estimated transfer taxes paid by Seller
KIAWAH ISLAND, SC
SOLD - $2,260,500
After having been listed traditionally for over 3 years with little activity, the marketing campaign resulted in over 225 buyer prospects from 22 states and 3 countries. 9 bidders competed for ownership and property closed within 1 week from the end of the auction bringing the total time from marketing to closing in under 40 days.