Creating your cash offer

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motivation

Situation

Impact

Perfect Picture Scenario / Goal

Property Condition

Property Type

Property Condition

Years Owned

Tenant & Rent Info

Bed Room Count

Bathroom Count

Kitchen

Kitchen Notes

Last Time Bathrooms were updated

Bathroom Notes

Roof Age

Window Type

Aluminum Wood Vinyl

Window Age

Furnace Age

Hot Water Tank Age

Air Conditioning

No AC 0-5 5-10 10-15 15-20 20+

Electrical

Needs Replaced Needs New Box Only Good condition

Plumbing

Copper Galvanized Steel PVC Pex Good Condition Needs Replaced

Siding

Vinyl Brick Wooden Stucco Aluminum Good Condition Needs Replaced

Siding Notes

Garage

Any Structural Issues You Know of?

yes no

IF YES: What Issues?

Flooring

Needs Replaced Partial Replacement Good Condition

Misc Property Notes

Is there a mortgage left on the property?

yes no

Mortgage Amount

Mortgage Monthly Payment

Foundation Type

Basement Crawlspace partial crawlspace / basement Slab

Basement

None Finished Partial Finished Full Unfinished Crawlspace

Sewer SetUp

Septic City

Is there any chance for mold in the property?

Yes No

Is there any recent sewer back ups in the basement?

Yes No

Any water intrusion in the property? Basement?

Yes No

If in bad area, any code violations?

Anyone Living In House

Primary Secondary Tenant Occupied Vacant

What is the current condition of the property?

Excellent Good Fair Poor Terrible

Road Blocks

Would anyone be upset that you did not speak with them first before making the decision to sell this property? DOUBLE CONFIRM

One thing people love about working with us is that we are flexible with our closing timeline. Everyone’s situation is different. Typically we close within 21-24 days. Some people love that other people want more time. What kind of timeline would work best for you and your family?

Let’s assume you like our offer and you decide to move forward, WHAT IS THE NEXT THING YOU WILL HAVE TO FIGURE OUT? If Anything? DOUBLE CONFIRM

Based on everything you told me ***Brief Recap/Mini Presentation*** What do you feel is a fair price for the property?

price

how much are you looking to sell the house for?

rental properties

Who Manages the Property?

How much are your annual taxes and insurance?

How many vacancies do you currently have?

Are the current tenants on term leases or month to month? If term, could we get copies of the leases?

How long have you owned the property?

Who Pays for Utilities?

Do you owe anything on the property?

Are the utilities separately metered?

Unit Mix

Are you Open to Owner Financing?

Deferred Maintenance

number of units

TC Contract to Closing Checklist

Review New Contract (1 hour from receipt)

Requested/Started Completed

Discuss in Team mtg on exit strategy & next steps before calling seller (within a day)

Requested/Started Completed

Initiate EMD if there is any (within day of receipt)

Requested/Started Completed

Gather any pertaining info

Requested/Started Completed

Confirmed Exit Strategy? (as soon as buyer is found)

Confirmed if we need Private Money? (client specific)

Requested/Started Completed

IF LEASED (Mark as checked if Requested/Started)

Leases Rent Rolls Tenant Information Initial Application HAP docs (Section8) and Caseworker Email

Set up Property Folder OneDrive and Working file (1 hour from receipt)

Requested/Started Completed

Track all deadlines and Add to Closing Calendar (2 hour from receipt)

Requested/Started Completed

If LEASED: Deadline for Seller to Submit all tenant info (contract specific)

Requested/Started Completed

Earnest Money (contract specific)

Update the Team Monthly/Quarterly Projections file (1 hour from receipt)

Requested/Started Completed

Make a Seller Call (w/in 1 business day)

Requested/Started Completed

Send a Seller Email (w/in 1 business day)

Requested/Started Completed

Send a New Contract Email to Title (once inspection is done)

Requested/Started Completed

Follow up on title work (5-7 days from receipt)

Requested/Started Completed

Earnest Money - if selling it to someone (Mark Check if Completed)

Send Earnest Money Reminder Verifying Earnest Money Deposit Confirm Earnest Money Receipt

Inspections

Completed

Schedule Inspection & confirm who needs to attend (w/in 48-72 hrs of ratification)

Requested/Started Completed

Send Inspection Confirmation email to all parties. or text (once scheduled)

Requested/Started Completed

Schedule calendar and send email reminder (1.5 hrs before walkthrough)

Requested/Started Completed

Get inspection results and Review Pictures (once available)

Requested/Started Completed

Prepare Inspection Report Summary and Send to Owner (once available)

Requested/Started Completed

If wholesaling, prep dispo (once available)

Requested/Started Completed