Where In Atlanta To Get Good Deals On Small Furniture Breakdown of a $6,120 Real Estate Cleanup Bid For Foreclosure Cleanup Business Owners

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Breakdown of a $6,120 Real Estate Cleanup Bid For Foreclosure Cleanup Business Owners

A foreclosure cleanup company may receive calls from real estate agencies, banks, and larger asset protection companies to submit bids for various services. For example, as the owner of a foreclosure cleaning company, you may need to offer jobs for lawn care, tree trimming, gutter cleaning, trash removal, stone repair, interior cleaning, carpet and vinyl removal, and more.

Bidding correctly can be a bit tricky if you don’t take everything into account. Below is a quick and dirty breakdown of a recently completed property cleaning and repair estimate so you can see how it was offered.

Offer details

Below are the various items that the realtor wanted this foreclosure cleaning company to offer:

Various items

–Complete interior cleaning of 3,966 square foot home: including all rooms, countertops/cabinets/sinks, all appliances (refrigerator, oven, hood, dishwasher, etc.), ceiling fans, mirrors, and windows (upper and lower level, inside and outside); broom to sweep basement and garage spaces.

–Re-key doors (front, back and two basement doors).

–Install new garage remote controls for the 2 garage doors near the back; repair or replace a malfunctioning garage door remote control held by a real estate agency.

–Fix the broken screen door at the back entrance from the kitchen.

–Debris Removal: Remove debris, furniture, exercise equipment, bicycles, miscellaneous items. items from the house and dispose of them (except garden equipment) – including clearly identified items in the basement. (Note: The realtor will place yellow notes on items and furniture that are to STAY.)

–Replace any missing or broken bulbs.

–Bath sealing as needed.

Total for various items above: $2,865

This real estate company offered $2,865 for the items listed above.

The bid allocation was as follows: $1,050 for waste and landfill (large, heavy items); $525 for electrical and maintenance duties; $675 for cleaning; $225 for appliance surcharge (fridge was full of old, rotten food); Window surcharge $300 (3-level home, interior and exterior, tall windows); Equipment rental, pickup and delivery for $90.

Note that the company’s profit was built into the numbers above and we did NOT provide the realtor with a breakdown of the bid, except for the painting department in case they wanted to opt out of hiring for painting. (See the painting breakdown section below.)

Painting Part of the estimate

–“Touch-up” painting of the entire interior of the house (approx. 2644 SQ. FT. MAIN FINISHED AREA), including water stains on the ceiling in the living room off the kitchen. The estimate also includes touch-up painting on an area not included in the main finished area, namely the “hallway area” leading to the basement and/or garage. (Excludes any picture in basement and garage.) 2644 sq ft x $1.25 sq ft.

Total for painting: $3,305

Estimated Subtotal: $6170 (minus $50 discount for: Realtor affiliation with local Multiple Leasing Service)

Estimate FINAL Total: $6,120.00

Notes included in the estimate:

–Payment upon completion as stated in the formal terms.

–Owner/Realtor to provide and/or reimburse contractor for paint, locks, screens, light bulbs, garage door wall panels and openers. According to the request, the offer is only for work. However, the supplier will provide cleaning agents and means for removing dirt.

–No external deburring or lawn work was required when viewing.

–This estimate/offer is valid for 7 (seven) days from the date of the estimate/offer. If the customer agrees to the estimate/quote, sign and submit according to the attached contract instructions.

–Days to completion: 2 days (two days)

Guessing machine?

In the early stages of your foreclosure clearing business, as detailed in How to Start a Foreclosure Business, you will be an estimating machine, but the more estimates you issue, the better you will get prices and offers on properties. and enforcement cleaning work.

Prices and offers

This estimate was influenced by several percentages of own profit margin and several soft and hard pricing factors.

For example, geographic distance (home is 50 miles away from the office’s home base); rental property re-marketing; the script was a real estate agency that handled evictions, repairs, and outsourcing work for homeowners; elegant division; a large, three-story executive-type house; several heavy objects in the wreckage (exercise equipment, bicycles, tools, etc.); and other related factors.

A word about painting estimates

Note that this estimate required a “touch up” coat of paint. Be careful when a client requests a touch up coat as it is often easier to paint the whole thing. But during the actual repair, you should not touch window sills, plinths, cabinet interiors, etc.

Note: You can find the square footage of the house (to be included in the estimated portion of the painting bid) on the county’s real estate search website.

Good luck with your estimates in your foreclosure cleanup business! And remember, the more estimates you put in there, the more comfortable you’ll be writing them and the more business you’ll end up getting.

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