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FAQs

Here are some answers to our most commonly asked questions.

TopComp is a service to help homeowners maximize the sale price of their home. Through targeted updates, that TopComp pays for upfront, we make your home the best on the block so it sells fast and for top dollar.

TopComp pays for updates up front in order to get your home in show-ready condition. We provide a team of contractors, designers, and real estate agents that handle everything from the renovations to the sale of the home. You just pay us back for the renovation costs at close of escrow and keep all the added profits.

After flipping homes, we found a greater need and a greater purpose in helping home owners understand the value in their own homes with a few professional and current updates. We started TopComp to help homeowners put more money in their pockets, where it belongs.

We are currently in the greater Phoenix area, but will be expanding to other markets, so stay tuned.

Today we’re investing in homes that fit the following criteria:

  • Residential homes
  • Homes in gated communities
  • Homes located in our service areas
  • When the seller holds fee simple ownership of the home
  • Homes built after 1978
  • Homes that are owner-occupied or vacant (not leased)
  • Homes with foundation issues
  • Homes with previous fire or flood damage
  • Homes that are owner-occupied or vacant (not leased)

TopComp considers all comparable homes in your neighborhood that are active, pending and recently sold. We then do an in depth comparative market analysis of your home to compare size, features, bedrooms, bathrooms, backyard, and current condition. Each of these features adds different value depending on the area, and are all taken into consideration when determining your home’s current value.

It is based on comparable homes sold in your neighborhood recently, the current shape of your home, and how much needs to be done to bring your home up to current buyers taste in your neighborhood.

We evaluate how much to list your home for based on comparable homes that have been updated and sold in your surrounding neighborhood as well as what a bank may appraise it for.

NO – We require the homeowner to be out of the home for the renovation as this helps the renovation go smoothly due to our internal systems and scheduling as well as the risk of fumes and dust from the work being done. We do provide up to $3000 dollars in lodging costs. Once the renovation is complete you may move back in until the home is sold.

Envisioning how a home can be lived in essential to a prospective buyer. TopComp suggests staging every home that we invest in. We will build this cost into our budget.  According to the Real Estate Staging Association, homes which are staged before going on the market sell 73% faster, on average, than their non-staged counterparts. We also offer virtual staging at no extra charge should the situation arise.

YES – TopComp will forego up to its 3% commission based on any sale price that is below the agreed upon as is price of the home along with the total for the renovation costs. (Example : As-is price $500,000 dollars + Renovation costs $50,000 dollars = $550,000 dollars : Any sale price below $550,000 dollars will come out of TopComp’s commissions up to the 3% of $550,000 dollars which is $16,500 dollars.)

Due to the fiduciary responsibility of Real Estate Agents, we cannot list a home that has an active listing contract with another agent, however if your contract expires before the home sells, you can then request a consultation with TopComp.

TopComp makes money on the renovation costs and real estate commissions. We charge a standard general contractor fee and we act as the listing agent on the home and receive a 3% commission.

In the unlikely event that this should occur, TopComp will renew the listing contract with the homeowner and continue marketing the home for sale.

If you decide after the renovations that you would like to stay in your home, you would simply pay us back for the renovation costs and the 1% real estate commission on the pre-determined list price of the home after renovations.

Due to the fiduciary responsibility of Real Estate Agents, we cannot list a home that has an active listing contract with another agent, however if your contract expires before the home sells, you can then request a consultation with TopComp.

Yes – Typical buyer’s agent commission is 3% to get as many buyers to view the home.

TopComp charges 1.5% commission should we find a buyer for your home. Yet more money in your pocket using TopComp.

Yes – TopComp professionally photographs every home.

TopComp markets on all platforms including but not limited to Zillow, Redfin, Trulia, Facebook, Instagram, Pinterest, etc.

Yes – TopComp will do open houses that work around your schedule. An open house is the best way to showcase an updated move in ready home to the most number of potential buyers.

TopComp Corporation and TopComp Homes, LLC and their principals do not make loan offers and are not a lender, a representative or agent of any lender, do not make credit decisions, broker loans, or make short-term cash loans.

TopComp Corporation and TopComp Homes, LLC do NOT guarantee approval of any loan. Submission of information to this website does not guarantee an offer for a loan or guarantee approval for any loan.

No statement on this site is a commitment to make a loan. Nothing on this site shall be construed to be a commitment to make a loan. Any loan application processed by a third party mortgage banker are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant’s eligibility and market conditions.

Credit checks or consumer reports may be performed by lenders from credit bureaus or other providers of credit information. You are not obligated to use this site and are not obligated to contract with any third party lender or service provider. These disclosures are intended for informational purposes only and should not be construed as or considered legal advice.

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