Novation agreement — we renovate, you keep 85 to 95% of the sale
A novation agreement lets Close With Creative take control of your property, fund and manage every renovation, then list the home on the open market at full retail value. When it sells you receive 85-95% of the final sale price, typically 45 to 90 days out. You spend nothing on the renovation, hire no contractors, and pay no commission out of your share.
Novation is for a house that would sell well if someone fixed it first. We pay for the work, sell at retail, and you take 85-95% of the final sale price without spending a dollar or managing a contractor.
You know your house could sell for more — if only someone would fix it up first. But you do not have $40,000 for a kitchen remodel, you do not want to manage contractors, and you just want to walk away with the highest number possible.
We take control of your property through a novation agreement, fund every dollar of renovations, then list your home on the open market at full retail value. When it sells, you receive 85-95% of the final sale price — far more than any cash offer — without spending a single dollar or picking up a single paintbrush.
This path is right for you if
- Your home needs repairs you cannot afford
- You want the highest possible payout
- You inherited a property that needs work
- You can wait 45 to 90 days for a bigger payout
How the novation path works
- 1
We assess your property's after-repair value
Determining what it will sell for on the open market once fully renovated.
- 2
We fund and manage every renovation
Contractors, materials, permits, inspections. You do not lift a finger or spend a dollar.
- 3
We list at full retail and sell
You receive 85-95% of the final sale price at closing. No commissions come out of your share.
Mom's house had been vacant for two years — needed a full gut renovation. I dreaded selling it. They walked me through the novation option, did all the work, and I netted $67,000 more than the cash offer. I'm blown away.
The other three structures
We price your property against all four and show you every outcome side by side. Novation is one answer, not the only one.
Novation — common questions
What is a novation agreement?
A novation replaces one party to a contract with another, with everyone's consent. In a home sale it lets us take over the right to sell your property, invest our own money improving it, and market it at retail — with your payout agreed in writing up front.
Who pays for the renovation?
We do, in full. Contractors, materials, permits and inspections all come out of our pocket, not yours, and none of it is deducted from the percentage you were quoted.
What if the house sells for less than expected?
Your share is a percentage of the final sale price, so it moves with the sale. That is the trade against a cash offer, where the number is fixed on day one. We tell you the after-repair estimate and the assumptions behind it before you sign, so you can judge it.
How is novation different from listing with an agent?
With an agent you pay for the repairs, wait through the marketing period, and pay commission at the end. With a novation we carry the repair cost and the market risk, and no commission comes out of your share.
How long does a novation take?
45 to 90 days, depending on the scope of the renovation and how fast the finished house sells.
Whatever you are facing, there is a path
Life rarely sells a home on schedule. These are the situations we are asked about most, and what each one actually changes about your options.
Get your free offer options today
Tell us about the property and we will come back within 24 hours with every structure it qualifies for. No fee, no obligation, and you pick the closing date.