would our valuation service help you?
The hardest part of flipping, aside from finding inventory, is valuing the deal. You need to know if the numbers will work or not be determining the Maximum Offer (MO) you will make. In order to arrive at that, you have to a real handle on AVR (the price you will expect when you sell), the rehab construction estimates, knowing your fixed costs and selling costs. Also, in the mix is the profit you are looking to achieve. You will need the assistance of a RE Broker who will do comps on your house post rehab to determine the ARV. In order to find out the rehab estimate a contractor will need to do a walk thru with you, determine the level of rehab and issue you a construction quote. This works fine for the first deal or two. Without some work going his way, a contractor will not continually do estimates his time is with something. The same can be said of the RE Broker, they will loose interest in you without getting a listing or representing you as a buyers agent. In both cases, neither are looking out for the benefit of the investor.
As Realtors, investors an contractors, we can help you value a deal as your consultant. We are on your side. Our valuation report includes MLS comps, a priced schedule of work for the rehab, and an estimate of what the highest price (MO) you should doffer is based on the ARV, Rehab, Profit, fixed costs etc.
Send us a PM of we can help.