Updated about 9 years ago on . Most recent reply
Scaling up: How are you calculating a Fast and Accurate ARV?
Question for all you house flippers and investors that have scaled up your business and put systems and/or software in place to analyze lots of inbound deals..
How do you quickly and, more importantly, accurately analyze a potential property for a solid ARV?
We currently use a google spreadsheet that pulls in MLS info and Zillow info automatically and it auto-populates ARV using 90% of the Zestimate (I know...yuck...but it's at least a quick and dirty number that enables us to know if we want to dig deeper). My issue at this point is I just don't trust that number enough and find we are always over-riding that number to adjust the ARV.
My business partner, @David Corey and I are both agents and have access to MLS - so we will then run comps and do our standard CMA that way to refine things - but it takes time to do it accurately and not practical to do 10 of these when you're trying to scale up.
There's got to be a better, faster and equally or more accurate way...has anyone had any luck connecting MLS data via IDX APIs or anything like that?
Interested to know how others tackle this problem! Any and all advice welcome!