Determining ARV using RPR (realtor property resource)

[Zach Kiser]

I've been working with my realtor to find a property in the Denver Colorado area. The next hurdle I have before I'm ready to buy is to figure out a system for determining after repair value. My realtor has access to a program called realtor property resource that has tools that can help determine after repair value for things like adding a bedroom and bathroom Etc. I am wondering if there is anyone I'm Bigger Pockets that uses this tool in their screening process.  And if you have any tips or tricks. Thank you

[Mike Cumbie]

I pull the number from RPR and also from Realist, then I run a set of comps and make my adjustments off the MLS. With 3 sources of data I find I can get a good idea of what market value today is going to be. I have found that with RPR you should also be picking the comps it uses as well. I have had several times where it used a Colonial when I was comping a Ranch, so always make sure to check what it grabbed.. The program will allow you to remove or add things it uses for comps.

Good Luck!