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Legacy Home Concierge: Cost-Benefit Analysis

Legacy Home Concierge provides a comprehensive solution designed to protect and maximize the value of estate assets. While we cannot guarantee exact returns for every property, this analysis outlines our core services and the estimated financial benefits to justify the investment. Our goal is to streamline a complex process, mitigate risks, and optimize your net financial return.

**PLUS** each property receives a customized, multi-channel marketing plan that targets your ideal buyer. Click here to view a sample marketing plan.

Property & Asset Protection

Our initial focus is on loss prevention, a critical step with significant potential for cost savings.

We begin Phase One Consulting with a professional home inspection, a value of approximately $600, conducted by a licensed inspector. The inspection and our ongoing property walkthroughs every other week are designed to identify and mitigate risks from:

  • Water Damage: Leaks from pipes, sump pump failures, or blocked gutters.
  • Structural Issues: Foundation problems or roof leaks.
  • Fire & Safety: Electrical faults and fire alarm functionality.
  • Security: Vandalism, theft, and unauthorized access.
  • Pest Infestation & Environmental Risks: Mold, mildew, and pest entry points.

This proactive approach protects the estate from costly repairs and unexpected liabilities. We will provide quotes for recommended repairs to protect the property. We will also provide security recommendations and quotes, from simple camera systems to full-service monitoring, allowing you to choose the level of security that fits your needs.

For items not designated for family, we can arrange for appraisals and offers for collectables, jewelry, or art. In addition, we will provide multiple quotes from estate sale companies, auctioneers or consignment sales of remaining items. If desired, we can facilitate donations of the remaining contents of the home. And will oversee the final property clean out.

Our careful approach ensures all personal property is handled with respect, efficiency, and full transparency.

Personal Property Distribution and Sale

Our work is designed to increase value by an estimated 5-15% for items of value.

  • Strategic Vetting: We present photos of the items to multiple general and specialized auction houses to determine the best sales venues and processes to ensure the highest return. By selling the personal possessions in the most appropriate auctions, while comparing expenses between auctioneers, we will increase our net return.
  • Efficient Disposition: We provide quotes for the clean-out or donation of all remaining items.

Home Improvements & Maintenance

By investing in cosmetic improvements, we bridge the value gap between an estate property and a non-estate property, which on average sell for 14% more. For a standard 1,700 sq. ft. home in Delaware, this translates to an average value increase of over $50,000.

We recommend and provide quotes for cost-effective improvements that deliver the highest ROI, including:

  • Standard Improvements: Professional deep cleaning, carpet cleaning, landscaping, and handyman work.
  • Additional improvements, such as painting and home staging, are analyzed for their cost-benefit.
  • We also provide quotes for ongoing maintenance (lawn care, snow removal) until the property is sold.

See how the Legacy Home Concierge team can sell your property in probate faster and at higher prices than a standard “as-is” sale. Let our team work for you.

Property Sale & Settlement

Our real estate team, with over a decade of proven success, consistently sells properties for an average of 4% more and twice as fast as other homes in the neighborhood. Our 5-star Google and 4.9-star Zillow ratings, backed by over a hundred reviews, are a testament to our effective sales strategy.

Our comprehensive marketing includes:

  • A strategic “coming soon” period to build buzz and drive multiple offers.
  • Targeted marketing to surrounding homes and local real estate agents.
  • A heavily advertised open house to create a sense of urgency.

Our listing fee is a competitive 3.5% + $395.

Conclusion & Estimated Financial Benefit

The value of Legacy Home Concierge is best demonstrated by the potential net financial benefit to the estate. We are excluding the value in reduced workload for the trust and family and increased speed and efficiency to fully distribute the assets.

  • Total Estimated Increased Value:
    • Personal Property: $1,000
      • Based on the smallest estimated increase of 5% for a value of $20,000 of personal property.
    • Real Estate: $108,000
      • Based on a total of 18% increase in real estate sale price: 14% increase from improvements and 4% increase from our brokerage service. Total amount based on a $600,000 property.
    • Total Estimated Increased Value: $109,000
  • Total Assumed Cost:
    • Legacy Home Concierge Fees: $25,000
    • Outside Contractor Services Costs: $25,000
    • Total Assumed Cost: $50,000
  • Estimated Net Financial Benefit: $59,000

This figure does not account for the significant value of loss prevention, which protects against a potential liability of tens of thousands of dollars.

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