Selling scope packets at 175 a file took days on market from 19 to 9
Started this ten months ago out of frustration. I'd get dispo blasts with a repair number and no line items and I could tell from the photos it was wrong by 15k. So I asked one wholesaler what he'd pay for a real one.
What I sell. A two page scope packet per file. Room by room line items with material and labor separated, quantities where they matter (squares of shingle, linear feet of sewer, panel amps), three photos per major item, and a range rather than a single number, typically plus or minus 12 percent. I do not give an ARV and I do not touch the asking price. That's their job and I don't want the liability of pricing their deal.
Price. 175 a file, 225 if it's over 2,500 square feet or has more than one unit. Two hour turnaround on photos and access, same day if they get me in before noon. I've done 118 packets for four wholesalers.
Results on their side. The first client tracked it. Before me, average contract to close on his assignments was 19 days with 8 of 22 files dying. On the 41 files I've packeted for him, average is 9 days with 5 of 41 dying. He credits the packet. I think part of it is that he also started pricing better because he could finally see the real repair number before he set his assignment fee.
My side. 118 packets, about 20,600 gross. Roughly 90 minutes each including drive time, so around 115 an hour before vehicle costs. That is less than I made swinging a hammer per hour but the volume is steady and my knees have opinions.
The part that nearly broke it. Packet 31, I quoted a foundation repair at 8 to 11k off a visual. Real bid was 26k. The buyer walked at day 8 and the wholesaler lost the deal. I now write "structural, engineer required, excluded from range" and refuse to put a number on anything below grade without a bid. That single line has cost me nothing and saved me twice since.
What I'd keep. The range instead of a point number, and refusing to opine on ARV or price. The moment I put a value on their house I'm in a different business with different licensing questions, and that varies by state, so I stay on my side of the line.