HOW MUCH IS YOUR HOME REALLY WORTH?
A Mandel Team program for Broward and Palm Beach County sellers
Update your home before you sell.
Pay at closing.¹
New bathrooms. New countertops. New flooring. A yard that looks cared for. We build your Mandel Prep Plan: the updates, repairs, and staging that make your home move-in ready. We arrange the money for the work through our lending partner, up to $50,000 for qualified sellers.² You repay at closing, when your listing agreement ends, or at 12 months, whichever comes first.¹
Andy Mandel | The Mandel Team | eXp Realty | 954-513-4204
Buyers want move-in ready. Paying for the updates is the hard part.
Today's buyers shop for a home they can move into on day one. A dated bathroom, worn countertops, old carpet, or a tired yard shows up in every listing photo. Buyers subtract the cost of those projects from their offer. Some skip the home altogether.
The repairs you've put off add up too. An aging AC, a leaky fixture, peeling paint. Many sellers don't keep that kind of cash in the bank for a home they're about to leave. So some list the home as it is. Others take a cash offer to skip the work.
Prep Now, Pay at Closing gives you a third path. Update what buyers care about. Fix what you've put off. Launch with our 7 Day Marketing Blitz. Repay the cost from your sale.¹
Who this helps most
You've owned the home for 15 years or more, and it shows.
You inherited the home. The estate has equity but not cash.
You're retired or on a fixed income.
You need your savings for the down payment on your next home.
You have a cash offer and want to know what the updated home brings on the open market.
How It Works
We walk your home.
Andy or a Mandel Team agent walks every room with you. We look at the house the way a buyer sees it online and in person.
You list with us, and we build your prep list.
After you sign your listing agreement, our team and stager give you a room-by-room plan with photos. It shows what to update, what to repair, what to stage, and what to leave alone.
You apply for the funding.
You apply with our lending partner and sign for it yourself. The lender approves qualified sellers for up to $50,000.² Applying is a soft credit pull. You hire the contractors you want. Our lending partner pays them directly as the work is completed.
The 7 Day Marketing Blitz launches your listing.
Updates done. Staging done. Media day. Coming Soon. Then live. At closing, you repay what you used, plus interest and fees, from your sale proceeds. If your listing agreement ends or 12 months pass before the home sells, the balance comes due then.¹
The Mandel Prep Plan is the first part of the Blitz.
Prep and contractors are steps 2 and 3 of our 7-Day Marketing Blitz. This plan adds the money to pay for them.
Use our handyman and contractor network, or bring your own people. You pick the vendors.
Walkthrough. We walk the home with you.
Listing agreement. Funding requires a signed listing agreement.
Prep list. Our stager's room-by-room plan.
Funding application. You apply and sign with our lending partner.
Prep work. Your vendors or ours.
Media day. Photos, video, 3D tour.
Coming Soon, then live. The 7 Day launch.
Closing. You repay the balance from your sale proceeds. It comes due sooner if your listing agreement ends or 12 months pass before the home sells.¹
What the funding pays for
Updates buyers look for
Bathroom updates: vanities, tile, fixtures, showers
Kitchen updates: countertops, cabinet refacing, backsplash, fixtures
New flooring and carpet replacement
Interior and exterior paint
Lighting and fixtures
Landscaping, fencing, and curb appeal
Closet upgrades
Repairs you've put off
HVAC and electrical
Plumbing and water heaters
Roof repairs
Windows, doors, and screens
Pool and pool equipment repairs
Pest control
Pre-listing inspections, so you fix problems before a buyer's inspector finds them
General repairs and handyman work
Getting it market-ready
Staging and furniture
Cleaning and organizing
Relocation, moving, and storage
Temporary housing
What it doesn't pay for
Outstanding tax liens
Existing secured debt on the home you're listing, such as your mortgage
Closing and settlement costs, such as title insurance and appraisal fees
Other similar obligations
Who qualifies
The Mandel Prep Plan is for homes in Broward County and Palm Beach County.
Our lending partner makes every funding decision through its own application.² The lender sets your amount mostly from the equity in your home.
Minimum credit score of 680 (FICO)
Enough equity in your home
A signed listing agreement with The Mandel Team
What It Costs
$0 upfront.
No monthly payments.
Due at closing, when your listing agreement ends, or 12 months after the loan starts, whichever comes first.¹
You repay only what you use, plus the origination fee and interest, from your sale proceeds.¹
A $499 origination fee, deducted from your available credit, charged only if you draw funds.*
Interest from 8.99% to 16.99% annualized, about 1% a month.
Start Your Prep Plan
Tell us about the home. We call you, walk the home, and build your prep list. When you're ready, you apply with our lending partner yourself.
Prefer to talk? Call Andy at 954.513.4204. The Mandel Team | eXp Realty.
Questions sellers ask
Is this a loan?
Yes. It's a personal, unsecured line of credit from Notable Finance, LLC (NMLS# 1824748) or Quorum Federal Credit Union. The lender places no lien on your home.
Does applying affect my credit score?
No. Applying uses a soft credit pull, and it does not affect your credit score.
How much do I get?
Up to $50,000.² The lender sets your amount, mostly from the equity in your home.
When is it due?
At closing, when your listing agreement ends, or 12 months after the loan starts, whichever comes first.¹
What if my home hasn't sold at 12 months?
The balance is due when your listing agreement ends or at 12 months, sold or not, whichever comes first.¹ Your loan agreement with the lender sets the terms. Read it before you draw funds.
Can I use it for bigger updates, like a bathroom or new countertops?
Yes. Bathrooms, countertops, flooring, and landscaping all count as updates. Your total stays within your approved amount, up to $50,000.² Plan projects that finish before media day, so buyers see the finished home in the photos. We help you pick the updates that matter most to buyers in your price range.
What if my listing agreement ends before the home sells?
The balance comes due when your listing agreement ends, sold or not.¹ Read your loan agreement before you draw funds.
Do I have to use your contractors?
No. You pick your own contractors, stagers, and vendors. Our network is there if you want it.
Who fills out the application?
You do. The loan is in your name, so you apply and sign. The Mandel Team does not apply or sign for you.
I'm buying my next home too. Does this affect my mortgage?
Tell your mortgage lender about this loan up front. Applying is a soft pull, and the loan puts no lien on the home you're selling. Once you draw funds, the balance may show on your credit report and count toward your debt-to-income ratio. We help you with the purchase side too.
How is this different from your cash offer?
A cash offer sells the home as it is, to one buyer, at a cash price. Prep Now, Pay at Closing gets the home ready and puts it on the open market with the 7-Day Marketing Blitz. If you're looking at a cash offer only to avoid repairs, call Andy first.
The team behind your prep plan
"When repairs were needed, Andy already knew exactly who to call."
Fix it now. Pay at closing.¹
One walkthrough. One prep list. Then a 7-day launch.
Andy Mandel | The Mandel Team at eXp Luxury | 954.513.4204 | [email protected] | 10101 W Sample Rd, Coral Springs, FL 33065
Prep Now, Pay at Closing and The Mandel Prep Plan are services of The Mandel Team at eXp Luxury. Funding is offered through eXp Ready™ powered by Notable. The Mandel Team is not the lender. The lender makes all funding decisions.
eXp Ready™ is powered by Notable.
¹Interest applies. Loan funds, interest and fees are due upon the sale of your home, twelve months after origination, or the occurrence of other acceleration events as provided in your loan agreement, whichever occurs sooner. Subject to the terms and conditions of your loan agreement with one of Notable’s affiliated lenders, Notable Finance, LLC or Quorum Federal Credit Union.
²Results may vary. Loans are provided by Notable and made by either Notable Finance, LLC, an affiliated lender, or Quorum Federal Credit Union. Results may vary, and are neither warrantied nor guaranteed. Subject to the terms and conditions of your loan agreement. Notable Finance, LLC, NMLS# 1824748 loans are made or arranged pursuant to a California Finance Lenders Law license. Loan eligibility is not guaranteed and all loans are subject to credit approval and lender underwriting. Rules and exclusions apply. Subject to terms and conditions (Notablehome.com/terms).
*An origination fee of $499 is deducted from available credit upon first draw and is only charged if the borrower draws loan funds.
Notable Finance is a registered trademark with the USPTO.
All rights reserved © Notable Finance, LLC 6 Landmark Sq, Fl 4, Stamford, CT 06901 • NMLS #1824748
Andy Mandel | The Mandel Team at eXp Luxury | 954.513.4204 | [email protected] | 10101 W Sample Rd, Coral Springs, FL 33065