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Updated almost 4 years ago on . Most recent reply
How to find after repair value on a house?
I understand the formula to use which is (ARP*.70)-repairs=buy price. I just want to know the best way to get an accurate ARP
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Nathan Gesner
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Originally posted by @Aaron Duran:
I understand the formula to use which is (ARP*.70)-repairs=buy price. I just want to know the best way to get an accurate ARP
I think you're looking for an "easy button" that doesn't exist. Zillow uses a complex algorithm to determine property values...and it's wrong more often than right. You really need to study the market trends, know the community, and evaluate the home with recently sold homes for a good comparison. It can take years to really be good at it.
- Nathan Gesner
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