After flipping several homes, we noticed a huge gap in the market in helping the homeowner see the potential in their investment, so we started TopComp to help. We take care of everything; we’ll gather information about the neighborhood, give a fair estimate of what the home is worth in current condition, a budget for the necessary upgrades that our construction and design team take care of, and an estimate for the after-renovation market value. We stage, photograph, list the home, host open houses, market through several platforms, and upon the quick sale of the home, we settle up for the cost of the renovation and the homeowner gets to keep all the added profit.
You answer some basic questions regarding your home, and if your home fits the criteria (see below what type of homes we invest in), we then schedule a free in home consultation and inspection to determine your home’s value in its current condition and the investment amount required to get you the highest possible sales price.
After flipping homes, we found a greater need and a greater purpose in helping home owners understand the value in their own homes with a few professional and current updates. This brings up the value of the homes in the owner’s neighborhood while also putting more money in the homeowner’s pocket with minimal effort on their end.
We are currently in the greater Phoenix area.
Today we’re investing in homes that fit the following criteria:
- Residential homes
- Homes in gated communities
- Homes located in our service areas
- When the seller holds fee simple ownership of the home
- Homes built after 1978
- Homes that are owner-occupied or vacant (not leased)
- Homes with foundation issues
- Homes with previous fire or flood damage
- Homes that are on or back onto busy roads
TopComp considers all comparable homes in your neighborhood that are active, pending and recently sold. We then do an in depth comparative market analysis of your home to compare size, features, bedrooms, bathrooms, backyard, and current condition. Our team will determine how much the renovation cost will be based on the finishes chosen for your home’s price point and once the budget for the scope of work is determined, we evaluate how much to list your home for based on comparables in your surrounding neighborhood as well as what a bank may appraise it for.
It is based on comparable homes sold in your neighborhood recently, the current shape of your home, and how much needs to be done to bring your home up to current buyers taste in your neighborhood.
During the rehab process you have the choice of living at home or we can set up a temporary living solution for a small cost which we can settle after the sale of your home. Our contractors will do their best to work with you during an agreed upon daily schedule and timeline.
Envisioning how a home can be lived in essential to a prospective buyer. TopComp stages every home that we invest in. We build this cost into our budget. According to the Real Estate Staging Association, homes which are staged before going on the market sell 73% faster, on average, than their non-staged counterparts.
Due to the fiduciary responsibility of Real Estate Agents, we cannot list a home that has an active listing contract with another agent, however if your contract expires before the home sells and you can then request a consultation with TopComp.
Top Comp makes money by acting as the listing agent on the home once renovations are complete and the home is sold using the typical 3% commission.
In the unlikely event that this should occur, TopComp will renew the listing contract with the homeowner and continue marketing the home for sale.
If you decide after the renovations that you would like to stay in your home we simply settle up for the renovation costs and the interest on the loan.