ARV

[Andrew Quinn]

Without the MLS, what would be the quickest and most efficient way to determine the ARV on a property. If you are unable to see what houses have recently sold and for how much, what is another way round this? I have several leads that I would like to determine what they are worth but without a way of viewing recent closed sales I find this to be very difficult. Any help is appriciated.

[David Dachtera]

@Andrew Quinn,

Services like Realtor.com, Zillow and/or Redfin will help you find recent sales in the property's area. From those numbers you can get a feel for what similar properties nearby are selling for and infer a close estimate on what a property in good condition might sell for.

Short of an appraisal or a full CMA (Comparative Market Analysis), that's probably a good starting point.