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Updated about 7 years ago on . Most recent reply

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17
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1
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Eli Kalen
  • Real Estate Broker
  • Boulder, CO
1
Votes |
17
Posts

Help me understand ARV

Eli Kalen
  • Real Estate Broker
  • Boulder, CO
Posted

Please help me understand ARV it seems like it can be very broad.

Most Popular Reply

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384
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318
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Russell Gronsky
  • Specialist
  • Baltimore, MD
318
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384
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Russell Gronsky
  • Specialist
  • Baltimore, MD
Replied

@Eli Kalen, not sure what you mean by that. 

ARV is somewhat subjective based on what comps you are looking at for estimating the value of a property once you complete renovations. But ultimately, ARV is the price someone is willing to pay you for that property when you sell it...or, the refi amount a bank is willing to give you for it, once you finish renovations.

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