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Updated almost 6 years ago on . Most recent reply

Nick Macklin's profile image
Nick Macklin's profile image
Nick Macklin
  • Real Estate Agent
  • from Oak Harbor, WA
  • Member since Dec 19, 2016
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User Stats

129
Posts
38
Votes
Nick Macklin's profile image
Nick Macklin's profile image
Nick Macklin
  • Real Estate Agent
  • from Oak Harbor, WA
  • Member since Dec 19, 2016
Connect
Nick Macklin
  • Real Estate Agent
  • Oak Harbor, WA
38
Votes |
129
Posts
Jacksonville Real Estate Forum

Pre-Rehab Appraisal Vs Rehabbed Sales Price on Flips...

Nick Macklin
  • Real Estate Agent
  • Oak Harbor, WA
Posted

I am in the middle of working a deal right now. I have the place under contract for 100k with 42k of work needed. Pulling comps it looked like conservatively an ARV of 190k would have been the low end with possibility of up near 210k. The appraisal came back with an ARV of 172k... Has anybody seen these be wildly off come putting a property back on the market for a flip? This seems extremely low and now has me a little worried.

  • Nick Macklin
    • Jacksonville, Florida
    0 Votes
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