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Updated about 11 years ago, 11/02/2013

User Stats

21
Posts
2
Votes
Muaz I.
  • Wholesaler
  • Richardson, TX
2
Votes |
21
Posts

Comp Readjustments for Discrepancies

Muaz I.
  • Wholesaler
  • Richardson, TX
Posted

Just getting started with wholesaling and concluding my first month of consistent marketing. I've got a few leads on the table and am starting to run into a problem. When pulling up comps how do you guys readjust your ARV for discrepancies which may arise?

For example, I'll often run into a property which may only be 2000 sqft but it sits on a 2-3 acre lot. From my comps I find enough similar properties with the same number of bed/bath/sqft/etc. but none of the comps will have the 2-3 acre lot size of the subject property. How do i readjust my ARV to account for that extra acreage?

Or for example, if all my comps don't have a swimming pool but my subject property does, how do I adjust my ARV and account for that?

Or, If subject property doesn't have a garage, but all of the comps do have a garage?

Does anyone else run into similar problems?

Sorry If these questions have been answered elsewhere, I didn't have much luck finding any answers. Thanks in advance!

P.S I'm located in Dallas, Texas if that's relevant at all to my inquiries.

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