Appraisals in a slowing housing market?

[Mick Murray]

My wife and I are just about to pull the trigger on our first BRRRR. I'm hesitant to use comps from this summer, however, to calculate ARV as that timeframe represents a different landscape in the home buying market. Now that things are cooling off as interest rates rise, any tips on how to calculate ARV? Specifically how to anticipate appraisal value post-reno with far fewer comps?

Thanks!

[Mick Murray]

@Caleb Brown and @Jared Sandler

That's great... confirms my suspicions that the comps of June/July alone are not enough to substantiate price/sf now.  Need to look at true comps within last 45-90 days, and/or discount older comps relative to market shifts.  Very helpful, appreciate it!