Contractor asking for comps ?

[Xeniya McBroom]

The general contractor I'm interviewing is asking for comps. Is this the norm or either I sound too friendly and he's trying to be nice and help me out(that's a stretch) or the more likely one - do I sound so inexperienced (which I am, inexperienced that is) and he just wants to make sure he'll get paid? Thanks everyone ahead of time!

[Mitch VanDeveer]

As a contractor it's standard for me to ask potential investor clients if they have any comps they can provide.  I do this for a couple reasons; 1. to give me an idea of the finish levels needed to provide an  accurate estimate, 2. yes to see if you know your business.  Not to ensure I'll get paid, i ask other questions for that. 3. i'll ask this before i ask about your budget.  For example if you bought the house for 175k (which i always look up before i view a property) and when i walk around it needs 45k to get to the level of the comps but it only comps at 250k i know right then you don't have 45k in your rehab budget.  

Good luck!