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Updated over 7 years ago,
Area's value increasing, help with ARV!!
So I got this house and right now the ARV is at 130k (now)(3beds/2baths) but in less than a month or in a couple of weeks, the value of the properties in that area are going to increase a lot. The reason why a lot of flippers are buying on the same street and neighborhood(around 5-10 houses). I asked one of them how much they are going to list it and they said he is going to ask 180k(3beds,2baths and he is an experienced flipper). Since there is another house selling at 200k Fully rehab.
Houses in that area have only been sold to flippers and soon to be up to the market. Later it's going to be booming in that area since not too far away there's a lot of new construction of house going up for sale from investors. Soon to come to the area that the house I'm about to have.
Now no House has sold there less than 100k (not rehab houses).
question; How do I know what's the ARV? Can't be 130k since the value of the properties will increase a lot since flippers are bringing it up.