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Updated almost 12 years ago,

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10
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0
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Ian MacLeod
  • Nanaimo, British Columbia
0
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10
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How to find good retail comps

Ian MacLeod
  • Nanaimo, British Columbia
Posted

I need some help here folks....I am looking at buying a property to rehab and resell...Property is listed for 74K....Wholesaler I would be buying from claims ARV to be 180K....When I look at sold figures in a very close proximatey prices range from 50K - 250K for houses of similar size....I am wondering if there is a good website or tool that I can use to determine which comps are retail sales vs. sales of distress properties that are not really comps for my property once it has been rehabbed...It seems that calculating an accurate ARV is absolutely critical to succsess and, in order to do this properly you need good comps....I know that I can call my realtor and get this info from her but when evaluating properites it's nice to do some of the preliminary due diligence on my own to weed out deals that are not viable....Thanks in advance of any advice.

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