FLYP by the numbers

Mean increase in sale price for FLYP-renovated PNW homes versus their as-is appraised value.

Source: FLYP internal project data, 2024–2025 closed transactions

Net additional equity to homeowner after FLYP renovation versus as-is sale, for homes appraised $400K–$800K.

Source: FLYP internal project data, Seattle / Tacoma / Bellevue / Olympia

Typical iBuyer or cash-buyer offer expressed as a percentage of the home's fair market value.

Source: iBuyer Report (Mike DelPrete / Zillow Group reports), 2023–2025

Service fee charged by major iBuyers (Opendoor, Offerpad) on top of the discounted offer.

Source: Opendoor and Offerpad published seller fee disclosures, 2025

From signed agreement to listing-ready, for cosmetic and value-add scopes ($35K–$90K range).

Source: FLYP internal project data, 2024–2025

End-to-end timeline from FLYP agreement signing through home sale closing.

Source: FLYP internal project data, 2024–2025

Out-of-pocket cost to the homeowner for materials, labor, project management, and permits during a FLYP renovation.

Source: FLYP renovation services agreement, standard terms

Range of total renovation cost for FLYP-managed pre-sale projects on owner-occupied PNW homes.

Source: FLYP internal project data, 2024–2025

FLYP carries the renovation cost with no interest and no payment from the homeowner for six months after the work is finished. If the home has not closed by then, the balance accrues 1.5% per month, and it becomes due at the ten-month outside closing date. The balance can be paid in full at any time, which stops the interest that day.

Source: FLYP Deferred-Payment Renovation Contract, standard terms

Projected net proceeds (after selling costs and all senior liens) must cover the maximum that could become payable to FLYP by at least 1.3x, verified against the actual title report before any crew starts. Projects that do not clear it are declined.

Source: FLYP underwriting standard, Green-Light Checklist item 3

FLYP underwrites the home's projected sale price, not the homeowner. No credit check or income verification is performed.

Source: FLYP underwriting policy, 2026

Typical share of renovation cost recovered in sale-price lift for kitchen/bath/flooring/paint scopes in the PNW.

Source: Remodeling Magazine 'Cost vs. Value Report' (2025), Pacific region

Kitchen, bathroom, flooring, paint (interior and exterior), curb appeal/landscaping, the categories that consistently return 70-100% of cost.

Source: Remodeling Magazine Cost vs. Value Report, Pacific region 2025

Maximum debt-to-income ratio most lenders allow for HELOC qualification.

Source: Major lender published underwriting guidelines, 2025

Minimum credit score most lenders require to approve a HELOC.

Source: Major lender published underwriting guidelines, 2025

Range of APR on unsecured personal loans for renovation, depending on credit profile.

Source: SoFi, LightStream, Marcus, Discover published rate ranges, 2025

Typical time from application to first draw on FHA 203k or Fannie Mae HomeStyle renovation loans.

Source: HUD and Fannie Mae published timelines, 2025

Active FLYP service-area cities: Seattle, Tacoma, Bellevue, Olympia, Renton, Kirkland, Redmond, Everett, Lynnwood, plus surrounding Puget Sound communities.

Source: FLYP service area map, 2026

Net difference between an iBuyer offer and FLYP-renovated sale on a representative PNW home (case study, Tacoma 2024).

Source: FLYP case study: 'Cash Buyers Are Stealing Your Equity'