Updated almost 5 years ago on . Most recent reply
Wholesaling Repair Estimate
I am a newbie to wholesaling and am in the learning process of it all.
My question is…
How do I accurately estimate repairs costs before making an offer? I understand that I would get a more detailed estimation once I have a signed contract with the seller, but how do get a ball park estimate that’s now way off the actual cost.
I appreciate your help. Thank you!
Most Popular Reply
Hey I'm a newbie as well, but from my understanding, I would compare the property to recent similar homes that have been sold in the area. I would also look at the square footage and determine what the average price per square footage is based on the sale price of those recent homes sold, then find the average price of the sq. footage for all those home that were recently sold.