Projecting ARV in Today's Market

[Mason Pires]

It seems like in today's real estate market with limited supply, it is extremely difficult to appraise or accurately value a home (especially in New England/ Great Boston area where I'm from). I'm an investor, real esate agent, and house flipper, I've never found it so difficult to price a home in its current condition or a projected ARV.

Does anyone have any tips for pulling comps and projecting ARV for house flips? In the Greater Boston market, many of the comps turn out to be outdated homes that don't really provide a realistic valuation. And finding turnkey property comps can vary greatly in price. I'd like to narrow my margin so that I can compete more without giving up too much risk by paying too much. Very difficult when the supply is at the lowest all of time...