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Finding The ARV On Your Own
hello everyone,
I'm here to find out how can I find the ARV without having to use the professional. Not everyone has the upfront fee, and there might be a lot of properties you need to value to find the one to Wholesale or Flip.
Thank You
Most Popular Reply
Having accurate sales comp information is crucial to evaluating your deals. Unless you are dealing with true cash buyers who have plenty of it you need to ensure that the deals will fit the financing criteria. If the spread is to thin hard money becomes obsolete.
Some appraisers provide limited or desktop appraisal for smaller fees. Find a currently active property in the area you are farming and order one as if you were a buyer. This will at least get you "professional" data to evaluate potential deals.
Professional", is a way of conducting yourself and business, not necessarily a title that guarantees anything. Plenty of professionals are crooked and bad at their jobs.