EquityIQ™ for Banks
With our unique Equity IQ™ program, Value-builders® helps banks sell Real Estate Owned (REO) properties for more money, in less time, and with no additional risk. We complete an extensive valuation process to determine the current value of the home (reserve price), as well as the future value if certain improvements are made. These improvements can be as simple as general clean up, paint and carpet, up to re-model work, including new kitchens, baths, room additions, etc. Value-builders® then completes, and pays, for all improvements. Once improvements are completed, Value-builders® homes are ‘staged’ with high quality furniture and artwork. Statistics prove staged homes sell twice as fast and for higher sales prices than vacant homes. When the property closes, we split the net profit with the bank between the initial valuation and the sales price (see example at right). Value-builders® assumes 100% of the risk. If the property sells for the reserve price or below, we make zero, and lose our remodel expense. Again, there is zero risk taken by the owner (details are in our contract).
Value-builders® offers banks an alternative to losing money on bank-owned properties, lengthy listing periods, and poorly maintained houses. We partner with your real estate agent to help minimize losses, and in many cases break-even or better on your bank-owned properties.