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Updated over 9 years ago on . Most recent reply

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17
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2
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Ricardo Acevedo
  • Rego Park, NY
2
Votes |
17
Posts

Contractor Rehab Evaluation Fee

Ricardo Acevedo
  • Rego Park, NY
Posted

I have access to a program named Realeflow where I input the condition of certain parts of a home, and the system gives me a price on the repairs. I am wholesaling and will need to give my investor buyers proof of my evaluation on the repair estimates. Along with the program I would also like to have a contractor's estimate. I would use my contractor's estimate along with Realeflow to show the buyer the value of the deal and to show the seller that the price is as is due to the repair costs from the program and my contractor. I will explain to my contractor that there is no guarantee that the deal will result in a need for their services, but I will definitely refer them to my buyer for rehab work, and I will be doing rehabs of my own in the near future too. My questions are... how much is a reasonable fee for a contractor to do a 15 minute rehab evaluation in front of my seller and is my logic of the rehab evaluation to the seller and buyer correct?

Most Popular Reply

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5,028
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2,573
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,573
Votes |
5,028
Posts
Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

Its worth ZERO dollars.  This is where the contractor sells themselves to earn the business.  

  • Curt Davis

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