How To Figure ARV?

Can anybody give me an example on how to in general figure out the after rehab value? Thanks.

Comments(3)

  • mattfish1118th May, 2004

    For me finding ARV: I look to a realtor to send me comps (there are also some websites that are ok but never as good as realtor MLS listings)... I take these comps and find properties within a half a mile of the property in question and that have SOLD in the past 6 months... Match the bedrooms/baths/square footage/etc or as close as you can and average those sales prices...

    Was this any help?

    GOOD LUCK!
    [addsig]

  • loon18th May, 2004

    Call your county assessor, ask about comps. Some county sites even have them online. If not and you don't have a good Realtor contact, the assessor's office will have some records, with sq. feet, age, photos, etc.

    My local county keeps recent sales on 8 x 10 cards in a box from lowest to highest price, they just hand me the box when I ask, and I page through them. If you're in a rural area (like me) it can be more of an art than a science, but at some point you'll at least have a sense of values.

  • reneeschultz18th May, 2004

    Thanks a lot, this helps.

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