Revive Real Estate, a provider of pre-sale home renovation solutions, is partnering with Florida-based brokerage The Keyes Company, the company announced on Wednesday.
The goal is to help homeowners maximize their home equity through presale renovations. According to Revive, home sellers lose out on 15-20% of potential profits if they sell without doing needed renovations. The company identifies the most effective pre-sale home improvements, provides renovation estimates, secures and manages contractors to complete the work, and fronts the cost of the renovations.
Michael Alladawi, CEO and founder of Revive, says agents working with Revive have increased their commissions by an average of 22%.
“With Revive, Keyes agents can offer an innovative way to help their homeowners maximize the equity on their biggest investment — their home — and this will help agents grow their business and keep ahead of the competition,” Alladawi said in the statement.
Keyes, which has 58 offices, more than 3,000 associates and nearly $7 billion in annual real estate sales and services, offers mortgage, title, insurance and property management. it operates in Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, and Volusia counties.
“Home sellers who want to maximize their returns can no longer list a home as-is in today’s market,” said Mike Pappas, CEO and president of Keyes, in a prepared statement.
In November, Revive launched Revive Edge, a network that will provide top real estate agents with benefits and resources to scale their businesses like access to homeowner seller leads, and marketing tools. In February, Revive partnered with zavvie.