You and Welcome Home Services (WHS) will agree to the following:
- We will inspect your home to determine any necessary repairs
- We will agree to a “cash, as-is” price for your home
- Enter into a Joint Venture agreement where you agree to allow WHS to remodel, market and sell your home.
- When the home sells we will split the proceeds (sales price minus all closing costs) in the following order
- 1. You get the Cash/As-is price
- 2. WHS receives all rehab costs
- 3. WHS receives all costs associated with marketing and selling the home
- 4. In some cases, WHS may request Preferred Profit (a fixed amount regardless of sales price). Preferred Profit is generally only requested if we believe there is considerable risk in the after-repair price.
- 5. You and WHS split all remaining proceeds