As promised, here is a breakdown of a bid our foreclosure cleanup company completed on Friday. We discussed the initial bid at this previous Foreclosure Cleanup Blog Post.
Note, we did NOT bid on the carpet and the vinyl, or the garage ceiling leak. The realtor had already secured a company to handle that portion of the job. Revisit the previous post quickly so you are up to speed; then, come back to this post to see how we ultimately handled the bid below.
Bid Particulars:
--Full interior cleaning of 3966 sq. ft home: including all rooms, kitchen counter-tops/cabinets/sinks, all appliances, (refrigerator, oven, venting hood, dishwasher, etc.), ceiling fans, mirrors, and windows (upper and lower level, inside and out); broom sweep basement and garage areas.
--Re-key doors (front, back and two basement doors).
--Install new garage remote controls for 2 garage doors near back side; repair or replace inoperable garage door remote control held by realtor.
--Fix broken screen door to the rear entry off kitchen.
--Debris Removal: Remove debris, furniture, exercise equipment, bicycles, misc. items from house and dispose of (except the lawn equipment) -- including clearly identified basement items. (Note: Realtor will place yellow post-it notes on items and furniture that are to REMAIN)
--Replace all missing or broken light bulbs.
--Tub caulking as necessary.
TOTAL FOR ABOVE ITEMS: $2,865
--"Touch-up" painting of full home's interior (APPROX. 2644 SQ. FT. MAIN FINISHED AREA), including water stains on ceiling in living room area off kitchen. Estimate also includes touch-up painting of square footage not included in main finished area, specifically the "hallway areas" leading to basement and/or garage. (Does NOT include any painting within basement and garage.) 2644 sq. ft. x $1.25 sq. ft.
TOTAL FOR PAINTING: $3,305
GRAND TOTAL: $6,170
Minus Discount: $50 (Multiple Listing Service Discount re: Realtor belongs to FMLS)
ESTIMATE FINAL TOTAL: $6,120
NOTES:
--Payment upon completion as outlined in formal terms.
--Owner/realtor will provide and/or reimburse contractor for paint, locks, screens, light bulbs, garage door wall panel(s) and opener(s). As per request, quote is for labor only. However, contractor will provide cleaning supplies and debris removal supplies.
--Upon viewing, there was no exterior debris removal or lawn work needed.
Expiration of Estimate: This Estimate/Bid is good for 7 (Seven) days from date of Estimate/Bid. If Customer is in acceptance of Estimate/Bid, please sign and return per Instructions on next page.
Days to Complete: 2 Days (Two Days)
The More Estimates You Give ...
Fingers crossed... In the beginning, as discussed in detail in the How To ebook, you will be an estimate machine, but the more estimates you put out, the better you will get at pricing and bidding.
Pricing & Bidding
Several in-house profit margin percentages and several soft and hard pricing factors influenced this estimate, including distance (home is 50 miles away from home-base); rental property being put back on the market; realtor is handling the eviction, repairs and work outsource for the homeowner; elegant subdivision; large, three-level, executive-type home; several heavy items in debris (exercise equipment, bikes, tools, etc.); and other pertinent factors.
A Word About Painting Estimates
Note they want "touch-up" painting. I've yet to see a true touch-up job; easier to paint the whole thing! But at least we would not have to touch window sills, baseboards, closet interiors, etc., so the per square footage touch-up quote is low, but fair. (We found the home's square footage on the county's property search website and used that info to include in the estimate.)
Good luck with your estimates this week in your foreclosure cleanup business! And, remember, the more estimates you put out there, the more business you will ultimately get.
