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Updated about 2 years ago, 11/01/2022

User Stats

157
Posts
86
Votes
Gurjot Grewal
  • New to Real Estate
  • Vancouver, British Columbia
86
Votes |
157
Posts

How much info do you require to make an offer?

Gurjot Grewal
  • New to Real Estate
  • Vancouver, British Columbia
Posted

Hello BP! 

Iv been working with a great agent. He's been very patient with me. I think im doing the normal newbie thing and asking way to many questions for each property, offering lower than list, getting told no and wasting everyones and my time. He mentioned this to me himself. 

I dont want to be difficult to work with and want this to be a good long term relationship. What is some key info you would ask your agent prior to making an offer? 

Im looking to BRRR from a distance. Plan on flying down regularly. I dont want to over pay for the property. Some info I feel I need is:


-Sales comps/ opinion of ARV

-rough rehab estimates (before getting a contractor to quote) 

Prior I was asking:

-why is the seller selling ?

-Neighbourhood grade ( agent gave me a map to find this for myself) 

-rent comps ( agent just uses rentometer, made an account myself) 

-cosmetic or structural repairs ? 

-any neighbourhood specific info ? (Vacancy, crime, appreciation, school zone ) 

I found this info on redfin, although I dont know how accurate it is 

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