Two proptech firms – Revive and zavvie – are partnering to help sellers capture the highest possible home price through their listing agent and the agent’s brokerage.
Revive offers a turnkey home concierge service that 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; they’re paid after the home sale closes.
Now part of zavvie’s recently expanded brokerage services, which provides real estate brokerages with a marketplace for buying and selling solutions, Revive can potentially reach tens of thousands of new real estate agents with its turnkey home concierge solution.
“Buyers are willing to pay more for a ready-to-live-in home,” said Michael Alladawi, co-founder of Revive. “Agents have shown that using Revive to accomplish a pre-sale renovation can mean as much as $50,000 to $100,000 more for sellers. For homeowners, getting that much more from their home sale can be life-changing.
Some brokerages and individual agents have been offering concierge-type services in-house for years, providing funds out of their own pockets. However, Revive is a more efficient and scalable option, Alladawi explains.
Lane Hornung, co-founder and CEO of zavvie, says Revive for brokerages is another vital tool modern agents must have in their box of solutions. “For brokerages, if they enable their agents to offer buyers and sellers every option – iBuyer, Cash Offers, Power Buyer, Homeownership Accelerator and Concierge – they also will develop a new source of ancillary income – recurring revenue – that will come from these new solutions.”