Calculating ARV

[Stacy Davis]

I have a home that is ready to go on contract, but I am struggling with ARV. The home is currently a rental property so not much needs to be done if the investor chooses not to it is move in ready. The appraisal report places it at 130k. The comps in the area that have been up graded seem to go for 150k- 200k. I am thinking of getting it on contract for 91k -100k. Does any one have any thoughts on this. I appreciate any and all help.

[Jeff Copeland]

What do you mean by "go on contract"? Are you the buyer or seller?

And what "appraisal report" are you referring to?

If you have an actual recent appraisal (performed manually by a licensed appraiser), that would be the gold standard as far as determining the property's value, and should be highly accurate.

Sales of comparable homes within the last six months and within a half mile are the primary determinant of a property's current market value, and are what an appraiser will use to determine said value.