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Updated over 7 years ago,
How to determine an ARV on a multimillion dollar house
Hi all
The seller thinks the house is worth 4.5M after repairs and selling it for 2.0M. House needs about a Million to finish. It's a newer home and hasn't been finished being built. The comps are few and far between since this house is huge 10k SF. The only way I feel like to determine the ARV is to get multiple appraisals. How would you guys go about putting an ARV on a house like this?