- If you have not already done so in the Initial Call Back Checklist, prepare a Property Information Sheet with all the information about the property. Use the Gathering Property Information Checklist along with the Initial Call Back Script to get the information you need to complete this sheet.
- Make sure you have a Seller Communication Log in the file so you can document each contact or attempted contact you have with the seller. Or, if you are using Highrise, use that instead.
- With the information that you have gathered in the Property Information Sheet on the property, you will want to fill out a Net Operating Income Worksheet to determine what the Net Operating Income on the property is.
- I usually go to our public records to print out a copy of the Public Record Information Sheet to include in the Seller Property Information File.
- If I have not seen the property yet, I want to make sure that I include a blank copy of the Property Inspection Checklist (including both the Property Inspection Checklist – Exterior and Property Inspection Checklist – Interior pages) so that I will be able to take great notes when I go out to meet the seller and inspect the property.
- For me personally, I have access to my local Multiple Listing Service, so I can fairly easily find similar properties that sold recently and include print out of those recently sold comparable properties as Comparable Sales in the Seller Property Information File.
- See also How To Get Comparable Sales for more information on how to do that if you do not have access to the Multiple Listing Service.
- Again, since I have access to my local Multiple Listing Service, I can print out the most recent MLS Listing Sheets including Active, Expired, Previous Sales and Listing History for this property to be included in this Seller Property Information File.
- Go to Google Maps and print out a copy driving directions from your office to the property so that you can know how to get to the property in your car when you go to meet with the seller.
- I usually run my full Offer Generator analysis on the property and include a printed copy of this in my Seller Property Information File so that I can see all the calculations for the property.
- Make sure we have a copy of our Credibility Packet in the file so that I can give this to the seller when I meet with them.
- Make sure that we have a blank Real Estate Contract (Buy Version) in the file so that if I need to write up the contract on the first visit, I have one with me even if I run out of them in Car File.
- Make sure that you have a Seller Property Disclosure Statement so the seller can properly disclose all they know about the property to you.
Naming Conventions For Seller Property Information Files
Use the Seller Property Information File Naming Conventions to make sure you are naming your Seller Property Information Files correctly.
This is usually referenced from:
- Seller Property Information File
- Sellers Checklist
- Wholesaler Sellers Checklist
- Team Leader Sellers Checklist
- NCREIG Sellers Checklist
- Acquisition Manager Sellers Checklist
- Virtual Assistant Sellers Checklist
- Assign Seller Property Information File Checklist
- Seller Property Information File Naming Conventions