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Updated about 5 years ago on . Most recent reply

User Stats

29
Posts
21
Votes
Krystyna Schexnayder
  • Property Manager
  • Chicago, IL
21
Votes |
29
Posts

To use an Appraiser or Not?

Krystyna Schexnayder
  • Property Manager
  • Chicago, IL
Posted

My husband and I are starting our BRRRR journey and have found a few properties of interest. We are having our contractor come out to view the properties with us and provide rehab estimates, but we are wondering is it also necessary to have an appraiser come out and help with the ARV or should I just run comps to come up with an estimated ARV (im a real estate broker)

When analyzing your deals, whats your process?

Thanks for any and all feedback/ suggestions.

Most Popular Reply

User Stats

29
Posts
21
Votes
Krystyna Schexnayder
  • Property Manager
  • Chicago, IL
21
Votes |
29
Posts
Krystyna Schexnayder
  • Property Manager
  • Chicago, IL
Replied

@Nicole Heasley

And thats exactly why we're leaning towards getting the appraiser because even with me being an agent, i dont feel confident that comps will be accurate enough for the ARV. There are just too many other variables that I feel are a factor that I cant pull when running current-day comps.

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