All Forum Posts by: Brendon Seeley

Depends. Contractors typically have PRO accounts at material supply stores that give them somewhat of a discount on material costs. But your colleague may be referring to their ability to do much of the work themselves, saving on labor costs. Also, when you use a GC you are paying a premium for their managerial duties, this is so they can oversee subs on your behalf to get the job done and something they can save on if they did it themselves. If you have a relationship with a contractor I would suggest coordinating with them to do a walkthrough of the property and give you a bid. If the numbers make sense then the ball is in your court.

Agreed. Your inspection contingency will outline if the deal is contingent upon your subjective approval or not. In many states there are forms that outline that the deal will be terminated for your disapproval of the inspection outcome. When in doubt, have everything agreed to in writing to avoid any disputes that may arise when situations like this are present. If it is in writing then there shouldn't be any questions. If not, you may be in for a lengthy back-and-forth over who the money is owed to.