Should you get an estimate from a contractor who knows the acquisition cost of the property ?

[Jithesh Prabhakar]

I am working on my first Rehab and am all excited about it. (PG County, Maryland. Washington DC Metro region)

When I was in the phase of getting multiple quotes from contractors, I came across a contractors who asked me upfront “How much did you buy it for?” and another asked me “What is your budget to fix the property?” before giving me his estimate. I had one contractor, who gave me his estimate and said, “I can work around to fit your budget”.

My question to the knowledgeable and the experienced members : If a contractor knows the acquisition price, should a first time rehabber even bother to get an estimate from that person ?