Prep the Home Now. Settle at Closing
Clearing and preparing a home costs money before the house has sold. Our financing partner, Notable, exists to fill that gap. Homeowners draw on a line of credit of up to $75,000 on homes listed for sale for up to $6M to cover pre-sale work, and repay it out of the sale proceeds. Nothing is due while the work is underway.
If you are a personal representative or a trustee, your Transition Concierge will walk you through the requirements and coordinate directly with you or your attorney. Notable maintains a defined process for homes held in an LLC or trust, for property in an estate, and for representatives acting under a power of attorney.
It reaches further than most people expect.
Notable covers: Cleanouts & De-Cluttering | Moving Costs | Storage | Deep Cleaning | Repairs | Painting | New Kitchen Cabinets & Counters | Flooring | Tile | New Bathrooms | Power Washing | Fresh Landscaping | Staging | and more. Because of this, much of a Havellin engagement can often be handled this way, rather than out of pocket
How it works:
1. Apply - A short online application, answered in minutes. Applying does not affect your credit score, and there is no cost to hold the line open if you never draw on it.
2. Draw as we work - Funds are released as the work is done, not in a lump sum. Interest accrues only on what is actually spent, so an estimate that comes in under budget costs you less.
3. Settle at closing - The balance is paid from the sale proceeds at the closing table, handled by the title company as a line item. No monthly payments in the meantime.
1. Havellin Palm Beach, LLC is not a lender and does not originate, arrange, or guarantee credit. Loans are provided by Notable and made by either Notable Finance, LLC, an affiliated lender, or Quorum Federal Credit Union. Notable Finance, LLC, NMLS# 1824748. Loan eligibility is not guaranteed and all loans are subject to credit approval and lender underwriting. Rules and exclusions apply. Subject to the terms and conditions of your loan agreement and Notable's terms and conditions (notablehome.com/terms).
2. Interest and fees apply. Loan funds, interest, and fees are due upon loan acceleration, twelve months after origination, termination of your listing agreement, or the date on which Notable otherwise suspends the loan for any reasons stated in your loan agreement, whichever occurs sooner. Subject to the terms and conditions of your loan agreement.
3. Funds may be used on services that prepare the home or enable the home sale, as determined by Notable in its sole discretion. Use of funds for unpermitted purposes may be denied.
4. Eligibility criteria are set by the lender and subject to change at the lender's discretion without notice. Results may vary. Neither Havellin nor Notable guarantees or warrants any result.