Join Date: Sep 2012
Thanked 151 Times in 79 Posts
To those who say you gotta bid everything on your visit to a vacant house, and if you don't they can come back on you that's unrealistic...here-say.
If you wanna waste your time...combing thru a house to provide information to some outfit who will salvage your information an seek 2nd & 3rd bids to buy-out your bid, you ought re-think your policies.
Information costs money, and in this industry you not only have to make your "time" count, you also need increase your chances in getting the work. How do you do that, one way is to be selective in what an how you report things.
I weigh my options on getting the work...if it's "preforclosure" I don't waste my time as experience has taught me no matter how thorough I want to be, the ain't a chance in hell that I'll get the work unless it's a safety related issue.
On REO properties you do stand a better chance of getting the work, but you usually won't be the only outfit bidding the work. If you identify things in the first visit... be vague with quantities and scope (especially if they’re not paying for the bid), as there will be 2nd & possibly 3rd bidders bidding on your scope.
To say I'm responsible for "unforeseen conditions" if I'm sent to bid a specific scope and I don't bid other issues I wasn't sent for …is without merit. Banks are mandated to visit properties once a month, an there are more than just my eyes one a particular vacant house. Don't accept work-orders that give balnket directions like " Bid for all repairs"...it take time to bid properly, and the Nationals make it a practice not to give you that proper time.
Some of these houses sit for months an years, and to want thorough bids that could encompass a whole host of issues in a matter of 2-3 days is irresponsible and a receipe for disaster an a money loser.