Real Estate May 9, 2024

Cash Poor & House Rich

Several of my neighbors in Carmel-by-the-Sea have complained that they are struggling financially, because they have a valuable home, but not the money to maintain it or prepare it for a sale.  Some would like to make the transition to a smaller home or condo so that they can use their equity for expenses or vacations, but they worry that they won’t be able to sell their home without the necessary renovations.

It’s a completely understandable concern, but not really necessary.  There are general contractors who will finance the necessary renovations with payment upon sale of the home.  There are also many people today willing to take on the responsibility of an historic renovation to enjoy its special atmosphere, and to help protect the beauty of previous styles of architecture and craftsmanship.  The renovations needed offer them the satisfaction of restoring and taking care of something precious.

At this time I have several buyers who would be very interested in doing renovation projects on all different kinds of architectural styles.  I am always happy to discuss possibilities that could resolve some of the concerns for my friends and neighbors, and help sell their properties without worrying about the cost of renovation.

Endorsement:

“I’ve known David for several years now. He’s extremely trustworthy and honest as the day is long. He works incredibly hard to represent the interests of his clients and to make sure they get the best possible results. I cannot recommend him enough.” Judith Jearms