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Updated over 5 years ago on . Most recent reply

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7
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Daniel Pessin
5
Votes |
7
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How do I calculate the value of a property with fire damage?

Daniel Pessin
Posted

Hi everyone,

I'm a new real estate investor / wholesaler.
I recently came across a property with fire damage. I have not seen the property yet. 
The seller wants to sell for 120k.
Here are the property specs - 4 bed / 1.5 bath / sq ft living 1201 / fire damage

ARV Comps - 270-282k
Comps Link - https://matrix.southfloridamls.com/Matrix/Public/Portal.aspx?ID=3439233773

I don't have experience with pricing a full gut rehab. 

What price would a cash buyer be interested in buying this property for knowing there is fire damage?

Also, when I'm at the property, is there anything in particular I should check for due to the fire damage? 

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