Calculating ARV

[Donna M.]

Calculating the ARV in the area is based on recently sold homes of the same size, within the general area, correct? What matters more, the size of the comps or where they are? What if there's nothing that big in the area that sold recently? How far out is reasonable? Also, what if just across a street the home values are significantly different? Is this where they get the term "wrong side of the tracks"? Can I count those also? :crazed: