Curbio, a house-flipping startup that gives owners with homes that need renovation an alternative to selling “as is” to an iBuyer, is expanding into eight additional metro areas within the next few months.
Curbio describes itself as a “renovation partner” that uses its proprietary software to plan and complete a project. Curbio handles the renovation as the licensed and insured general contractor, using technology to ensure the process is quick and cost-effective. Clients don’t have to pay Curbio until the sale of their home closes.
“Although renovated homes sell faster and generate more profit, many sellers opt-out of renovation because of the time commitment and stress that accompany typical home renovation projects,” Curbio said in the statement announcing the expansion. “Likewise, real estate agents are often reluctant to suggest renovations that might delay time to market and require their oversight.”
The company will be in expanding into Minneapolis, Las Vegas, Boston, Portland, Seattle, San Francisco, Los Angeles, and Charlotte within the next few months, Curbio said in a statement. It already serves Philadelphia, Baltimore, Washington D.C., Northern Virginia, Atlanta, Houston, Dallas, Chicago, Phoenix and the Florida metro areas of Orlando, Tampa, Miami and Fort Lauderdale.
“Delaying payment until closing is the easy part,” said Co-Founder and Chief Executive Officer Rick Rudman. “The difficult part – and the part that will truly deliver real value to homeowners – is transforming the renovation process to align with the needs of home sellers.”
For agents, it’s an easy way to add to a property’s value, he said.
“We’ve built a team with the pre-sale renovation expertise required to actually increase the value of the home,” Rudman said. “And agents love that Curbio takes care of everything from beginning to end, always focused on quality, speed to market and return-on-investment.”