Supernova Partnership Program for Estate Sales
The Nuts and Bolts
Here's a breakdown of how the SuperNova Partnership Program works for people in an estate sale:
- Evaluation: The first step is to evaluate the value of the property in its current condition, which involves running a Comparative Market Analysis (CMA) on the subject property. If the seller would like, a professional appraisal can be done on the property at the seller's expense, and the property's value will be based on that value minus listing fees.
- Partnership agreement: If the seller decides to partner with SuperNova Properties, we'll enter into a partnership agreement that outlines the terms of the partnership. This agreement will specify that SuperNova Properties will front the cost of the remodel, manage the rehabilitation of the property, and then sell the estate for top dollar. This means that the seller won't have to worry about managing the rehab process themselves, and can focus on other important aspects of the estate sale.
- Rehab: SuperNova Properties will manage the rehabilitation of the property, ensuring that all necessary repairs and upgrades are made to the property to increase its value. This can include anything from minor repairs to major renovations, depending on the condition of the property.
- Sale: Once the property has been rehabbed, SuperNova Properties will sell the estate for top dollar, ensuring that the estate gets the maximum value for the property. This means that the estate won't leave any money on the table, and will benefit from the hard work put into the property.
- Profit sharing: Once the property is sold, the proceeds will be distributed between the estate and SuperNova Properties. SuperNova Properties will be repaid for the cost of the rehab from the closing proceeds, and any additional profits will be split 50/50 between the estate and SuperNova Properties.
Throughout the process, SuperNova Properties is committed to protecting the client's property and ensuring that they get the best return possible. We take on all the risk, and the client's initial equity is locked in, so they're not losing anything. Additionally, our program is completely transparent and collaborative, and we work with the client every step of the way to ensure that they're comfortable with the process and that their concerns are heard.
Overall, the SuperNova Partnership Program provides peace of mind to people in an estate sale, by taking on the responsibility of managing the rehab process and selling the estate for top dollar. This means that the estate can benefit from the hard work put into the property, without having to worry about managing the process themselves.
Learn More
Find out how SuperNova Properties can help you with your home by contacting us to setup a time for an evaluation.
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