How do you get the ARV on a property?

[David Feliciano]

I hear people saying the ARV of a property but I am unsure of how to come up with the number. I am just starting out with real estate so this is a learning experience for me. Thank you in advance.

[Ben Sears]

We figure our ARV (or after repair value) on comps in the neighborhood. I typically will first take a 30,000 foot view and search zillow or realtor.com for recently sold listings that are similar to my property. I'll then select 5-10 and take a deeper dive into tax records to see what the final sale value was. Based on bedrooms, bathrooms, etc. this should give you a decent price per square foot for your area. This is the down and dirty version of ARV. I'm sure some others will chime in with some more detailed info.