Property Submission Form

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Property Submission Form 〰️

  • The email and phone number provided is where updates will go to for subject property.

  • Dropbox Folder for subject property not required for submission but will help with accuracy of estimated offer.

  • The Lead Manager is who the point of contact for the property will be

What to Expect :

Once a property is submitted, it will be taken to initial underwriting. Initial Underwriting involves finding the after repair value (ARV) of the property.

  • Comparable Information to assume used will be : within a .25 mile radius, crossing no major intersections, within 500 square feet of subject property, similar design or materials used, similar bed-bath-garage-basement- floors count, within 40 years of age.

After initial underwriting, there will be a message sent to the email and/or phone number provided in the form outlining the acceptance of property and requesting the PSA to a specific email or the property will be denied with offers attached with a primary factor being the scale of rehab needed.

  • Things we consider : scale of rehab, estimated time to sell once finished, overall margins for various factors, lendability, cashflow potential, and ease of purchase.

After we have a Signed Agreement, a Team Member will reach out to schedule a photographer or contractor to verify the property condition. Earnest Money will be deposited upon confirmation of expected property conditions.

Reasons We Void Agreements : Major Difference in Expected vs Real scale of renovations (that’s it).