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Updated over 5 years ago,
Appropriate amount of due diligence?
(Question up front): Am I helping my potential buyers by emailing them my 'Comp Grid' document for the property or am I setting myself up for liability by showing them my ARV estimations?
Hello everyone,
I am a new wholesaler in the Maryland area. Iv'e acquired a decent list of addresses and am about to send out my first mailers (super nervous of course!). Before that, I practiced performing comp analyses and repair estimations on deals other investors have done and compared my results with their real life numbers to see how close I got and adjust (shutout to Marcus at Baltimore Rehabber Pro).
These tasks led me to construct a spreadsheet based "ARV Grid" where I assign a value to differing details of otherwise similar properties (for example, I would adjust a comp with a deck for~$8000). A quick snipped below is one such example.
Which begs my question for experienced wholesalers - Am I helping my potential buyers by emailing them my 'Comp Grid' document for the property or am I setting myself up for liability by showing them my ARV estimations?
Thank you so much everyone for your constructive input. This is my first post and I am so very happy to join the community.
Joe
PS:
I have a nearly identical question for showing a buyer the scope of work I made to estimate repair costs. Should I show my buyer how I arrived at these estimations in addition to sending them a link of all the pics/video I made of the property?