Is " Market Value " the same as, or similar to....

[Michael Dunn]

" After Repair Vale " ARV ? I'm pretty sure it's not, but Market Value still confuses me to a degree. I know that ARV is what the house will ( should ) appraise for after it's fixed up / renovated, and the ARV is based on recent sales / similar comps to the houses in a 3 - mile radius. But " Market Value " I'm still not 100% on. Say I find a property on HUD or HomePath and it's listed for... $90,000 , So is the $90,000 listed price, the Market Value of that property, based on the condition that it's in ? And if so, using the 70% rule as a guideline , what would be your max offer price on that property if say... the ARV comes in on it at $110,000 and the estimated costs of rehap/repairs is $10,000 ? ARV $110,000 x 70% = $77,000 - $10,000 ( rehab/repairs ) = $67,000 ( your maximum offer price ) ? Thanks so much everyone in the BP community for your time and help , appreciate it as always - Michael