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re: Contractor won't give me an estimate
Posted on 9/1/16 at 5:56 pm to NYNolaguy1
Posted on 9/1/16 at 5:56 pm to NYNolaguy1
So you're telling me that when you sell your home, if it's increased in value, you're not going to take the higher price for it. Am I hearing you correctly?
See, when it's personal, it's not problem. But if it's some unknown contractor, he's gotta be a greedy sob.
See, when it's personal, it's not problem. But if it's some unknown contractor, he's gotta be a greedy sob.
This post was edited on 9/1/16 at 6:31 pm
3
Posted on 9/1/16 at 5:57 pm to slackster
quote:
by slackster
Just curious. What do you do for a living? I'm not judging you I'm just curious. This has nothing to do with thread and I don't mean to derail it.
Posted on 9/1/16 at 5:59 pm to noon0707
quote:
Wick you seem reasonable and educated on the subject, is a 12k difference between the insurance company and contractor common?
I would think you should be able to get that closer, if not close it completely. Is the contractor familiar with insurance claims? If so, he should be able to skim through the estimate for stuff that might have been missed, the correct grade of cabinets, etc. That is step one, and let the adjuster know of possible missed items. Step 2 would be presenting the contractor's estimate to the adjuster, the difference is probably labor cost, but it could be something else, the adjuster will need to sort through that.
Posted on 9/1/16 at 6:01 pm to slackster
quote:
In the first one you're asking for the answer from the person spending the money. In the second one you're saying it depends how much the taxpayers are going to pay.
They buyer is the buyer. Corporation in plant operator example. FEMA in contractor example.
What the buyer is willing to pay is what the seller has an obligation to find out.
Posted on 9/1/16 at 6:04 pm to Meauxjeaux
quote:
What the buyer is willing to pay is what the seller has an obligation to find out.
You don't have to find it out, just pay your $250 for a month's subscription to Xactimate and all your answers are there...
Like I have been saying, scope is issue #1, not price. The scope or the starting point scope comes from the adjuster...
Posted on 9/1/16 at 6:27 pm to tgrbaitn08
Independent financial advisor.
Posted on 9/1/16 at 6:32 pm to Meauxjeaux
quote:
What the buyer is willing to pay is what the seller has an obligation to find out.
Sure, but again, that is worked into the bid from the contractor or the salary expectation from the prospective employee. If you come in high on the bid or high on the expectations, I'll counter. If you come in low, I'll still probably counter to see if I can get it for cheaper, but regardless, if you don't want to tell me what you charge then I'll look elsewhere.
Posted on 9/1/16 at 6:37 pm to Meauxjeaux
quote:
So you're telling me that when you sell your home, if it's increased in value, you're not going to take the higher price for it. Am I hearing you correctly?
See, when it's personal, it's not problem. But if it's some unknown contractor, he's gotta be a greedy sob.
No, he's saying that your home is worth what it's worth and you'll take what you can get for it based on the offers you receive, but you put the price out first and see how the market responds. You don't put it for sale with no price and wait to see who calls and how much they're willing to pay.
The contractor is free to put in a high bid if he'd like and there will be multiple bids with which the homeowner will compare.
Posted on 9/1/16 at 6:40 pm to slackster
You are failing to grasp the concept that if the repair work comes in less that the adjuster's estimate, then you get less money. Beating your contractor up that has good reviews/ recommendations will either leave you without a good contractor or a contractor cutting corners. What do you have to gain from that?
Posted on 9/1/16 at 6:45 pm to wickowick
quote:
You are failing to grasp the concept that if the repair work comes in less that the adjuster's estimate, then you get less money.
If it comes in for as much or more, I still don't get any money.
Even still, in the current environment, what are the chances that the bid comes in UNDER the estimate? That was my point from jump street in this thread - what contractors are actually a threat to "leave money on the table" in this market?
Posted on 9/1/16 at 6:45 pm to slackster
quote:
If it comes in for as much or more, I still don't get any money.
You very well could...
Posted on 9/1/16 at 6:46 pm to wickowick
quote:
Beating your contractor up that has good reviews/ recommendations will either leave you without a good contractor or a contractor cutting corners. What do you have to gain from that?
The premise of the OP was that the contractor wants to make sure he charges AT LEAST as much as the estimate. If that is how he operates, he's not a contractor I wish to use.
Posted on 9/1/16 at 6:48 pm to wickowick
quote:
You very well could...
Not in my pocket though.
I'm fully willing to work with the bid and the estimate, but I don't really want either side knowing the other until I decide, and if anything, I want the adjuster to know the bid rather than the other way around.
Posted on 9/1/16 at 6:53 pm to slackster
quote:
I'm fully willing to work with the bid and the estimate, but I don't really want either side knowing the other until I decide, and if anything, I want the adjuster to know the bid rather than the other way around.
Insurance claims have a certain flow to them, it is best if you don't try to swim upstream. Your approach has you swimming against the flow...
Posted on 9/1/16 at 6:59 pm to wickowick
quote:
Insurance claims have a certain flow to them, it is best if you don't try to swim upstream. Your approach has you swimming against the flow...
Fair enough, but swimming against the flow is essentially what I do, particularly on here lately.
We do agree that the scope of work is priority #1. That is where it should start for the contractor.
Posted on 9/1/16 at 7:58 pm to wickowick
quote:
You are failing to grasp the concept that if the repair work comes in less that the adjuster's estimate, then you get less money. Beating your contractor up that has good reviews/ recommendations will either leave you without a good contractor or a contractor cutting corners. What do you have to gain from that?
The market is what it is. The two issues are not connected no matter how much you may think so. Should the contractor take a pay cut because of some adjustor? He will simply move on to someone else who can pay. There's no shortage of work, which is kind of the point.
Posted on 9/1/16 at 8:14 pm to Meauxjeaux
quote:
you're telling me that when you sell your home, if it's increased in value, you're not going to take the higher price for it. Am I hearing you correctly?
See, when it's personal, it's not problem. But if it's some unknown contractor, he's gotta be a greedy sob.
No, see in your scenario the homeowner would be asking what their budget is and making sure the buyers exhaust it before walking away. In a true free market the buyers would find a house fairly priced, not artificially inflated because of greedy homeowners. It's a great way to put yourself out of business.
If my house appreciated like that I would put it out on the market for what I thought it was worth, not based on the buyers Bank account. Why? Because it takes two people to make a transaction. If the buyer feels like he is getting cheated he won't buy. Charging different rates based on how much is in a bank acct is shady.
Posted on 9/1/16 at 8:23 pm to Meauxjeaux
You keep using horrible examples. In this example you are talking about a house of which there is only one. Buyers are competing to buy that house. Highest price wins.
As for the contractor he is trying to get your business. There are many contractors. If he wants it he provides a competitive price. Lowest price wins.
Two completely different markets and business models
As for the contractor he is trying to get your business. There are many contractors. If he wants it he provides a competitive price. Lowest price wins.
Two completely different markets and business models
This post was edited on 9/1/16 at 8:26 pm
Posted on 9/1/16 at 8:30 pm to Feelthebarn
quote:
I'm a contractor and this is what makes everyone think we suck. Tell him to frick off and report him to bbb
I'm with you. But we are thinking about normal business practices. I'm thinking that the FEMA situation is making this situation anything but normal.
Posted on 9/2/16 at 6:20 am to Puck82
As someone else said here, There is a lot of stupid in this thread, Of which, Wick is not one, an adjuster explaining how it works and some questioning it.
Customers get what they pay for, I'm a roofing contractor, and I'm seeing 9-10 people a day, and doing many small repairs for free, that that others would charge for 400-500 for
I deal with adjusters all the time and Wick is 100% correct in everything He has said here.
There are unscrupulous contractors out there, and some unscrupulous homeowners Also,I see it everyday. just my 2 cents.....
Customers get what they pay for, I'm a roofing contractor, and I'm seeing 9-10 people a day, and doing many small repairs for free, that that others would charge for 400-500 for
I deal with adjusters all the time and Wick is 100% correct in everything He has said here.
There are unscrupulous contractors out there, and some unscrupulous homeowners Also,I see it everyday. just my 2 cents.....
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