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Updated about 10 years ago,
Brick Bungalow vs Frame: How to adjust ARV without comps
Hi,
I got a call from one of my leads and I've been trying to estimate the ARV value for the area. There are a lot of cash purchases around the area because is a very distressed neighborhood. I was able to pull some comps from regular sales, however, all of these comps are brick bungalow houses.
I know brick is for popular around the area. and the only frame homes sold around the area were cash sales. How would you adjust the ARV in this situation?