Buy-Fix-Sell Properties Inc Services

Services We Provide

Buy-Fix-Sell Properties Inc.

Services

BFS offers information based renovation assessment and hands on project management, wherein the client’s
goals and objectives are accomplished within the property’s market value.
We start the process with the Property Analysis Report. We review the results with the client and begin the
budget process

Building the Budget from the Client’s “Wish List”

		A “wish list budget” developed with the client and signed off on by the Client serves as the basis for a first
		run budget and is a worst case scenario. This is intended to give both client and company an idea of worst case scenarios on project costs and should not even be considered as a ‘ball park number’.

This cost projection is simply the cost to do everything on the Client’s wish list and is

presented to the Client in spreadsheet format with labor and materials on separate line

items and usually listed by room from outside in and entrance to back of house.

		After the scope of work is reviewed with the Client, a more firm number will be developed, based on line
		items removed and vendors selected for each task. It may be faster to use one bidder for labor costs, therefore the Company will use line item numbers to negotiate with a preferred vendor. The scope of work is reviewed with the Client, a more firm number will be developed, based on line items removed and vendors selected for each task. .

		A preferred vendor is defined as someone with the qualifications, licenses and references which best fits
		the Client’s priorities.

		Until accepted by client, in writing, The Specifications and resultant Budget is a work in progress, which
		has still not been negotiated or fine tuned. In addition at this point material costs have not been submitted to the Bid Room at Home Depot, for possible Client discount etc.

		It is the Company’s intention that we obtain the most bang for the buck and to obtain the lowest
		responsible bid for the Client.

The client always pays based on actual receipts scanned and forwarded to them for their records.

		The client receives ongoing cost updates in spread sheet form, the expenditure is discussed,
		recommendations made and when the client decides between vendors, they sign a contract, or as their on site manager, we sign in their stead after getting their approval.

		Company policy is to write a memo with recommendations and forward it to the client, discuss the item and
		answer any questions they may ask.

The client is at all times in control of the budget and the expenditures for line items.

Expecting the Unexpected

		With all remodels, there is an element of uncertainty. Until one opens the walls of prior construction or
		previous remodeling attempts, it is difficult to assess the costs of remediation.

		In the case of termites, water damage, asbestos and/or mold, it is the Company’s position that all due
		diligence shall be taken to insure that the Client and property are clear of the offending issue and that the work to remove the malady is properly repaired by those in the appropriate field. In all cases the company will err on the side of health and safety concerns and will do its best to keep the Client aware and abreast of costs.

		We prefer to put in a contingency line item in all refinements of the budget to keep the Client aware of the
		possibility of additional issues and to have even a small pad in the budget to address additional measures which must be taken. This “pad factor” is always called out to the client.

Keeping the Client Informed

		A Google Calendar will be set up for the project and the client will be instructed how to use the facility. The
		calendar is meant to give a comprehensive list of appointments with vendors, so that on an ongoing basis they will have a feel for what is happening at the site

		Calendar appointments allow the client to clarify who is being brought in to bid and what is being done on a
		daily basis. We seek to show the Client that BFS is working to trim the labor and material costs.

		Photos are stored in Google’s Picasa application. The company will walk the client through the viewing
		process to make sure they have access. Throughout the process copious amounts of photos are taken, inclusive of vendors who come to bid the work, costing out of the items at suppliers, i.e., Home Depot, Lowes, door and trim stores, etc.,

		In addition to the above measures, reports, memos’, spread sheets, emails and text messages will be
		utilized to keep the client informed of the progress of their project. While we do use phone calls, it is not the preferred communication method as loud noises, poor reception or simply misunderstandings can occur. Therefore anytime important communiqués are transmitted via phone, we will seek to confirm the information in writing and ask that the Client do the same.

		In the event that the client does not have access to the Internet other communication methods will be
		employed.

		It is the Company’s position that the Client always has the final decision. They determine the budget based
		on their criteria and it is the Company’s task to carry out their instructions. That being said it is the Company’s responsibility to advise the client on remodeling tasks that do not yield a good Return on Investment, or those which can wait versus those that must be completed now.

Interactions:

		Renovations and repairs can be costly even in these times when negotiations and shopping can lead to
		significant savings, emotions can and do run high.

		We act upon facts and numbers, use home inspection reports gathered by the client and base our
		proposals on protecting their health and safety and at the same time protecting the client from legal liability, and getting them the best possible deal at the most reasonable time.

		We confirm that Time is of the essence and time is money. Therefore we weigh all recommendations with
		time and costs as our main indicators.

		We will do everything in our power to expedite the project. The client is also expected to take what ever
		means necessary to expedite the project and should have the proper funding in place prior to the start of the project.

		It is often beneficial to the project time line and to the client if they open an account at Home Depot and/or
		Lowes. The terms are often quite favorable offering “1 year same as cash”. The client gets a detail record and knows exactly what is being spent.