All Forum Posts by: Robert Miller

Yeah the comps I used are very close to the same type,size,etc.The actual sq.ft. is 2700 by my contractors measurements,but public record is 1776.So the ARV is probably a little higher,but I decided to go with public record.That`s probably what an appraiser would use right?

Ok now I did my own ARV on the property that had 2 CMA`s done one for $230k and the other for $176k I determined the ARV myself and the average price per sq.ft. in that area is $130/sq.ft.,I decided to be a little conservative and went with $125/sq.ft.My ARV came to $221,500.That`s the easiest way to determine ARV right,by going with average price per sq.ft. on similar houses?If so then this is still a good deal.All comps were sold within 3-6 months and the furthest one away was 0.9 miles.So I think I`m pretty close on the ARV.

The $230k and $176k prices were for the same property.This CMA I was asking for was for a different property.But I have moved passed it and working on determining arv myself.Thanks for all the help.

Yeah I agree I could`ve worded it differently.Yes I would definitly not have a problem rewarding agents that do right by me.I offer double commission and Cash bonuses at closing for agents that bring me cash buyers that close within a time frame.But I did send her another email apologizing and letting her know what I was trying to say,but obviously worded it wrong.Thanks for all the replies.It`s all very helpful.

How would I get access to the MLS?

How would I get access to the MLS?
I`d rather pull comps myself off the MLS.I want to be able to search it by Area,Square Footage etc..how would I go about doing that?

I wasn`t actually going to hold her to it.I just want her to keep that in mind when determining ARV.If it`s off by a couple thousand,no biggie,but like Jon said one agent gave me a $230k ARV and another gave me a $176k ARV.That is a HUGE difference.I just want an accurate ARV,nothing more.Just lowball the damn ARV if you`re worried about your commission.

Yeah I didn`t really like that agent anyway.It took her between 2 and 3 weeks just to get me the CMA I needed and I lost 2 other potential properties while I waited for her.This email wasn`t in regards to the $230k property,this was for a different CMA I needed done,this agent was the one that gave me the $176k ARV on the other property.Here`s what my reply was to her.The 1st reply she sent didn`t bother me,but the second reply was unprofessional and uncalled for.

How was my offer insulting?
I just want an accurate ARV.
Is that impossible for you to give me?
If you`re worried about your commission give
me the lowest ARV that it would sell for.
You being insulted tells me you`re one of those
realtors that would jack up the ARV to get the sale.

Funny no other realtor that I emailed the same requirements
to had anything negative to say about it.I`m not insulting anyone
I just want an accurate ARV,if you can`t give me one,I`d rather
not do business with you anyway.I have other realtors to give me
CMA`s.Your loss

Thank You,

R.Miller.

Well anyone`s comment will do.I just want to know if that seems insulting.It doesn`t seem insulting to me,then again I`m not a Realtor.The only thing I was implying with the email was I wanted an accurate CMA done.Her being insulted makes me think she`s the type of agent that will jack up the ARV to get the sale.
Don`t know maybe I`m ignorant when it comes to realtors and Real Estate like she says.

Hi you said in a previous post of mine what to tell a realtor to get an accurate ARV.This was a reply by one of the realtors.This was her 1st reply.

Hi Robert,

Thanks for the offer, but I don't think I'm the realtor for you. I am a full time associate broker who has been successful for many years and business is hard enough without working for a guaranteed NO Commission. I'm sure you can find someone to take the offer. I have taken enough time already to help you for free and don't look forward to doing more of it. The offer you are giving is unrealistic in todays market.
I know you want to succeed and I wish you a lot of luck.
If you want to pay me for my time, I would be glad to help you in your efforts.

Thanks Robert,
Maria

Here`s her second reply,before I even replied to the previous one.

Robert,

I just wanted to add to my prior response to your email. I did not mean that your offer was unrealistic in todays market...it's pretty much unrealistic in the world of real estate. On behalf of all my fellow realtors, I can say that it is truly insulting that you feel that someone would be interested in your offer. You have a lot to learn about the business and realtors.
I would not be interested in your pursuits even if I were paid by the hour.

Truly insulted,

Maria

I have no idea why she`d be insulted.Below is the Original Email.

I will be using you for the purchase of the property,if I purchase it.Need to get the ARV and written work estimates before I know whether or not the numbers are good.

This is how I want you to determine the ARV,I need to know what you can sell it for fixed.

I will be listing it with you for the ARV you give me on a 90 day listing. But if it sells for less than 95% of that value, you get no commission. If it sells for less than 90% of the ARV,you get no commission and pay for the buyer's agents commission. If it doesn't sell in 90 days,I relist with another agent,and you pay all the commissions.So please give me an ARV that you know you can sell it for after it is repaired.After it is repaired it will be like new.

Thanks

R.Miller
RE Investor

Is that insulting the way I wrote it?I don`t see it as being insulting but if it is I`d like to know.Thanks