TopComp Value Proposition

Example

iBuyer

Traditional Real Estate

Agent TopComp

As is valuation: $500,000

Current market valuation

$500,000

$500,000

$500,000

Needed improvements: $50,000

Estimated rehab cost – $50,000

$50,000 – TopComp pays for upfront

ARV – After repair value $600,000

Sold – $600,000

High comps: $600,000

Average days to close

5-60 days

60 days

30 days

Average days to update and stage home

7-28

Showings and Open houses

10

10

**iBuyers only buy homes in the $100K to $500k range

Transaction Costs

6-13% range (midpoint 9.5% = $47,500)

8% (6% commissions and 2% closing costs) = $40,000

8% (6% commission and 2% closing costs)= $48,000

Repayment for renovations costs

$50,000

Estimated Cash at closing

$452,500

$460,000

$502,000