Every house has a great story and Rental Rehab is just another example. Glass Onion Group Inc. took what could have been a disaster and loss, into a solution…and more importantly, a profit.
Rental Rehab was purchased by a young couple as an investment property. This “cozy” bungalow located in central Etobicoke, was placed in what is generally termed as an “area of transition”. Like “My Boy Blue”, Toronto is booming and bungalows have become less desirable for buyers.
Rental Rehab was occupied by a busy family, prior to the sale. The house simply could not be sold in the current state and expect the activity and excitement that it received. Although tenants are what’s needed to occupy an investment property and the pay bills, they certainly don’t have any investment in your personal return during the sale of a property.
Overhaul included: Paint, repairs and staging.
After our consultation, the owners gave the tenants their required notice and 60 days later, Glass Onion Group Inc. immediately went to work. Within 3 weeks, Rental Rehab was listed by Sarah.
This home hit the market in the summer. After an overwhelming amount of showings, Rental Rehab sold for $61,000 over asking or 108% of asking in just 7 days with a short (3 week) close.
All staging and repairs were done in-house to keep costs low.
“I just love this home. I need it…and I need it with everything in it” – Neighbour
“Sarah and her team went above and beyond. I was so overwhelmed and I wouldn’t have even known where to start. It was filthy. All the walls were marked up, mould, holes, cracked cabinets/tiles, etc. They took over and I couldn’t believe that Sarah had transformed our rental disaster into a dream home for buyers in 3 weeks. Their fees were well below what I thought they would be when we first met. Sarah bundled the staging with the commission and it was still under the average commission realtors charge for doing nothing.” – Mike Simkin