First Deal Trying to Figure Comps.

[Quinton Huntley]

Hey everyone I have an opportunity to buy a single family 1,249 sq ft home that is off market. However, it needs a lot of work. I am currently trying to figure out my ARV. I have looked at homes in the area that have the same amount of beds (3) same bathrooms (1.5) and close to the same square footage. The market in this particular neighborhood was very hot about 8 months ago causing there to be a wide range of housing values (300k-380k). How would you go about finding your ARV when prices might have come down slightly but there hasn't been a house sold yet?