Any disadvantages to using Compass Concierge to prep for sale?

[Anonymous]

Anonymous wrote:I can’t speak to Compass’s services, but we used a precursor to it a few years ago to sell our condo and it was fabulous. At first I was surprised by how much they were charging but the redesign was fantastic and we had nearly a dozen offers after the first weekend. Condo sold for well over asking price.

A condo is a piece of cake. I did my two bedroom
Condo with my friends team he uses on his rentals when I bought. It only took them three day’s. Makes a massive difference.

[Anonymous]

It sounds like the most high impact work is paint and cleaning. Why do people pay so much for concierge services for those items? Hire a painter and then hire a cleaner. It’s not hard and not that expensive in the context of home prices in the DC area.

[Anonymous]

Anonymous wrote:Once you start spending $10K, it's unlikely that you'll make that back. At that point, you're just making it easier for the agent to sell it for the same price it would have sold for if you didn't sink the $ into it.

Where do you get the figure of $10K from? In the context of house prices in much of this area, it's a trivial amount of money. Improve your house's appearance enough to attract another potential buyer or two, and the selling price could easily go up by more than $10K.

[Anonymous]

You pay a premium fir the work because Compass takes a cut from the contractors. Also expect delays. We stated with them with a target date if getting our house on the market on August 15. They still haven’t finished and we will likely be in the October market. We have Ben two mortgage payments we did not expect to pay.

[Anonymous]

Anonymous wrote:You pay a premium fir the work because Compass takes a cut from the contractors. Also expect delays. We stated with them with a target date if getting our house on the market on August 15. They still haven’t finished and we will likely be in the October market. We have Ben two mortgage payments we did not expect to pay.

This is not true.

[Anonymous]

Also, the Compass Concierge employee reviews a PP cited is from a company that provides front desk services. It has nothing to do with the brokerage's "concierge" service offered to sellers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:You pay a premium fir the work because Compass takes a cut from the contractors. Also expect delays. We stated with them with a target date if getting our house on the market on August 15. They still haven’t finished and we will likely be in the October market. We have Ben two mortgage payments we did not expect to pay.

This is not true.

That is what the painter and the floor refinisher told us independently.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You pay a premium fir the work because Compass takes a cut from the contractors. Also expect delays. We stated with them with a target date if getting our house on the market on August 15. They still haven’t finished and we will likely be in the October market. We have Ben two mortgage payments we did not expect to pay.

This is not true.

That is what the painter and the floor refinisher told us independently.

Well, I work for a company that submits many Concierge bids. There is no mark up or cut to the brokerage. I can promise you that. If anything, we give great rates to Compass agents' clients in appreciation of the repeat work.

[Anonymous]

It is hard to say because we don’t know what your house looks like and what condition it is in. My husband is handy and our house was fairly new, so we did most of the things ourselves. We paid someone to repair some Sheetrock from where we ripped a towel bar out of the wall and we couldn’t get it to look smooth and another patch in a wall from some furniture that also didn’t look right. We also paid to have the interior painted. Beyond that, we did it ourselves, but we did all the minor repairs, cleaning, repainted our front porch, stained our deck, resoded our front yard, planted flowers, polished the wood floors, etc. The biggest project was retailing the master bath but it only cost a few hundred dollars and made a big difference. We also staged it really well using our own furniture and art and a few random accessories from target and Marshall’s (some of which i returned). The costs added up but we got a really great price, sold over a weekend, and had seven offers. We definitely saved $8000 versus the various bids we got and turned down and just did ourselves. It took effort but nothing was hard.

[Anonymous]

Compass agent who has used the Conceirge program with clients and with my own home. There are no "cuts" arranged as anyone claimed. If there are any cuts, the agents must be paying them directly from their portion of the commission. I will say I use people from what some might call my "flipping team" and helped them get vetted and approved for the program. Just makes it easier for me to use them, and to get them paid at the end. The contractors are vetted and have certain license and insurance/liability requirements.

I like the program, but it's really only as good as the agent managing it and the people they have working for them in the program. I think most are reliably good, although I'm sure with some issues pop up that may take longer or require special steps to be taken. That's just the deal with any house work. I will say most of the Concierge projects I do are smaller- like painting, cleaning out, and staging. That's what gets my clients the most bang for their buck. Sometimes, a kitchen or a bath if it's really needed. Buyers are picky these days! And if something isn't off market after 10 days, everyone seems to start worrying there is some bigger issue with the property. There is value in selling quickly!

Concierge is really a free loan to do the work and preserve your capital until the property closes. I like free money to use for that purpose, so in my mind it is a great value. Just work with the agent to figure out the costs and what will really make a difference. My two cents.

[Anonymous]

I am an agent who does her own “concierge” work. Last weekend owners decluttered. Group I use filled a POD on Monday morning and floorplans were done. On Monday afternoon and Tuesday handyman repairs and painting were done inside while yard clean up and power washing were done outside. On Wednesday, basement carpet and upholstered furniture cleaned, windows washed, house cleaned. On Thursday house staged in morning and photos and 3 D tour in afternoon. Switched from coming soon to active status on Friday. Offers due on Monday. Two offers already received.

I do this most weeks and don’t see the big deal. It is about 5-7 phone calls to schedule the work and checking progress. I work with people who have the money to pay in advance rather than putting the costs on the settlement statement for dubious tax purposes.

[Anonymous]

Anonymous wrote:A flipper crew is not a company. They are subs who work off the books. My crew I hired does estate sales, divorces, homes bought at auction and foreclosures mainly purchased by Small investors. They don’t do full renovations or anything with permits.

My guys Basically looked quickly like a home inspector and punched out all the small easy to fix things that could be flagged. Then paint, deep cleaning.

And yes they don’t care about issues. For instances daughter bedroom like three years earlier some rainstorm with wind water got in around AC unit and bubbled up Sheetrock. My possible lead paint pealing sunroom concrete floor painted over with heavy floor paint.

Honestly I sold house one year ago and neighbor told me they absolutely love it. I am not doing lead abatement or root cause analysis to sell a home.

Only think that is funny I literally had four Interior doors from 1955 all beat up I was going to replace. They painted and repairs doors as we are selling. Nothing major.

Another think I had water in garage and cut bottom three feet of Sheetrock five years earlier was going to do new Sheetrock one day but they patched and painted. I was shocked how great it looked. I got a 3,000 quote all new Sheetrock in garage after I cut it. They patched it $300 bucks .

These guys were from NY and suprised they have done Potomac mansions. They move in fit two to three weeks and crew bangs out house.

I spent $3,800 on my 1,600 square foot house. It looked amazing. They even cleaned every mirror, washed all windows and scrubbed inside oven.

What kind of trashy home has window units

[Anonymous]

Please list the names of some responsible hardworking agents that have done a great job with a “flipper” house in McLean in the $2m range. Thank you

[Anonymous]

Anonymous wrote:

Anonymous wrote:A flipper crew is not a company. They are subs who work off the books. My crew I hired does estate sales, divorces, homes bought at auction and foreclosures mainly purchased by Small investors. They don’t do full renovations or anything with permits.

My guys Basically looked quickly like a home inspector and punched out all the small easy to fix things that could be flagged. Then paint, deep cleaning.

And yes they don’t care about issues. For instances daughter bedroom like three years earlier some rainstorm with wind water got in around AC unit and bubbled up Sheetrock. My possible lead paint pealing sunroom concrete floor painted over with heavy floor paint.

Honestly I sold house one year ago and neighbor told me they absolutely love it. I am not doing lead abatement or root cause analysis to sell a home.

Only think that is funny I literally had four Interior doors from 1955 all beat up I was going to replace. They painted and repairs doors as we are selling. Nothing major.

Another think I had water in garage and cut bottom three feet of Sheetrock five years earlier was going to do new Sheetrock one day but they patched and painted. I was shocked how great it looked. I got a 3,000 quote all new Sheetrock in garage after I cut it. They patched it $300 bucks .

These guys were from NY and suprised they have done Potomac mansions. They move in fit two to three weeks and crew bangs out house.

I spent $3,800 on my 1,600 square foot house. It looked amazing. They even cleaned every mirror, washed all windows and scrubbed inside oven.

What kind of trashy home has window units

My townhouse in old town has window units because they are more efficient than space pack or fixed air units. It was $1.1 m a few years ago

[Anonymous]

Anonymous wrote:Please list the names of some responsible hardworking agents that have done a great job with a “flipper” house in McLean in the $2m range. Thank you

Diane Lewis, Karen Briscoe.