Comps in Today’s Market

[Daniel Chavez]

Hi all, I’m on mobile, so sorry if the formatting is bad. Anyway, onto the question.

How is everyone running comps and calculating ARV in today's market? I understand how it was done in the past, but given how properties are constantly selling for $20k or more above asking price, has your process changed? And are you also factoring in appreciation for things like rehabs that will increase in value during the few months of repairs when figuring out how much you can sell the property for? I'm just starting out in the Phoenix market, so any advice helps. Thank you!