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Updated over 8 years ago,
Will my flip house appraise if the PVA is 60% of list price?
Here is deal - I bought a foreclosure for 215k last year to "live-in flip." Would love to sell it this Fall and list at 375k. My concern is that it won't appraise, especially since the PVA is set at 215k.
I figure that a low PVA value compared to a high ARV is a common obstacle with rehabbers / flippers. Does anyone have any advice or knowledge they could share about successful appraisals in these situations?
How important is the PVA vs. contract list price?