Lamacchia Realty Improves Offer Now Program with Profit Sharing for Sellers
In December of 2018, Lamacchia Realty launched the wildly successful Offer Now Program in which the company purchases a home, closes in a timeframe determined by the seller, and allows the seller to leave behind anything they don’t want to take with them. The program has come a long way since it was first launched and continues to evolve to cater to the needs of the modern seller.
Lamacchia is now pleased to offer profit-sharing to the program, where sellers are able to earn additional money from the sale of their home through the Offer Now program after it has been renovated, and resold.
For the past two years, sellers who prefer a non-traditional sale have taken advantage of the Offer Now program which offered cash for their home in as-is condition. Sellers were attracted to this option as an alternative to listing traditionally because they could skip showings and open houses, avoid home repair and preparations required to list on the open market, and receive a non-contingent cash offer without having to pay a commission. Over the past year, the flexible closing timeframe has been particularly popular as finding a home to move into has taken longer than normal due to the pandemic impacting the market and creating historically low inventory. To hear about the program directly from Anthony, watch the video below.
Through this program, homes purchased by the sister company Lamacchia Development LLC, are renovated and then listed traditionally through Lamacchia Realty which then adds to the local inventory. The improvement to the offer now program will now share profit with the original owners if the home re-sells for over a predetermined price* and after the company can secure a reasonable return on the investment.
“The offer now program has worked out well for so many sellers, but we have found that the ones who don’t do it are concerned about giving up too much money. After testing the profit share over the fall with a few sellers, we have found that it made every seller happy. We are excited to roll this out on a broader scale and are confident this value-add will make our Offer Now program even more successful.”– Anthony Lamacchia Broker/Owner of Lamacchia Realty.
“We tested this on some of our recent purchases and It didn’t take long for us to realize that this is a great option for sellers looking to take our cash offer. Given the current scope of the market, homes are often selling for surprisingly high numbers and we love being able to share some of that profit back. Sellers have been thrilled with the results so far and we’re excited to make this an option for all!” – VP of Property Acquisitions and Development, Michael McGrory
This program is the first of its kind where profit sharing is offered to the original owners of the home. Listing traditionally almost always brings in higher sales prices and profits for sellers especially in this current market climate, but some sellers are less interested in the profit and may be more interested in the other benefits the program offers, like a flexible closing date and not having to prepare and clean out the house to sell it. The profit-sharing element helps these sellers recoup some additional income after the home is resold. Click here to watch the TV commercial.
Lamacchia Realty is here to help give home sellers options by developing a customized home selling plan that works for them. Contact us today to learn more about this program and any other of our selling programs that cater to an immense amount of different seller needs. If you are still concerned about selling visit www.wanttobeseller.com to learn all the ways you can sell worry free.
*Restrictions apply. Contact us today to learn more.