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Updated over 1 year ago on . Most recent reply

User Stats

4
Posts
2
Votes
Charlene Gay
  • New to Real Estate
  • Atlanta, GA
2
Votes |
4
Posts

Contractor asking for money for an Estimate?

Charlene Gay
  • New to Real Estate
  • Atlanta, GA
Posted

I’m in the process of purchasing a multifamily using a 203K loan. I’m reaching out to several contractors trying to get some estimates in place to bring to my lender. I had one contractor reach out to me and say the cost to go out there for a quote is $750 because everybody else is just guessing and they are actually going out there with the structural engineer and will be able to provide me a detailed quote. Is this normal? 

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