If you are planning to buy a foreclosure, would it be good to have an experienced estimator on your team?
2007-08-20 13:33:06 · 5 answers · asked by Lion J 3 in Business & Finance ➔ Renting & Real Estate
It s always good to have an experienced estimator so you can see what work and repairs need to be done to get it into shape to sell. Estimating the cost of repairs too low, or estimating the time it takes to do repairs as too short, can have huge impacts on your profit line. It can turn a super profitable property into only mildly profitable, and a mildly profitable place into a money-losing cash hog.
2007-08-20 13:43:15 · answer #1 · answered by rlloydevans 4 · 1⤊ 0⤋
It would be great to have an on-staff appraiser. However, with proper due diligence, you should be able to decipher valuable investments in the foreclosure markets. Even more beneficial would be to have a knowledgeable realtor.
Hope this helps...
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2007-08-20 20:43:43 · answer #2 · answered by Anonymous · 0⤊ 1⤋
You could say it would be beneficial to have a knowledgable appraiser on your side... absolutely. There are some great deals out there right now. Do your research and you could end up with a great property for a great price. Good luck.
2007-08-20 20:39:10 · answer #3 · answered by Anonymous · 1⤊ 2⤋
Having someone experienced and knowledgeable of maintenance/repair labor and material costs would be absolutely essential.
2007-08-20 20:43:58 · answer #4 · answered by bdancer222 7 · 1⤊ 0⤋
yes! u need someone who know more then u do
2007-08-20 20:41:51 · answer #5 · answered by its me 1 · 0⤊ 0⤋