Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

Account Closed
  • Flipper/Rehabber
  • Worcester, MA
4
Votes |
42
Posts

Estimated home value

Account Closed
  • Flipper/Rehabber
  • Worcester, MA
Posted

I am currently working on a deal which involves a 4 bedroom, 2.5 bathroom and 2741 sqft. I am a newbie but I have been really good with my numbers in terms of ARV. I rather have my buyer profit and come back anytime to do business then accept a big payday. I value trust, honesty and being upfront over money so I take the ARV very seriously. After some comps I came to the conclusion this house was worth 320k. The comps were good but not perfect cause this house was special in size out of a lot of houses in a 5 mile radius. I tend to take only a mile radius, some cases are complicated so you push out. There is a house 4 miles away from my house that sold for 415k, it only contains 2 bedrooms and 2 bathrooms with 1,300 sqft. Then I said there must be something special about the house, an advantage or an amenity. It sits on 1 acre while my house sits on 0.63 acres, other then that there is nothing else. This house is not only much smaller with less bedrooms and bathrooms but was built in 1857, my house was built in 1936. A real estate agent told the owner of the home, her house is worth 400k or a little more. I'm stuck in the middle here, could be a good investment for my end buyer based on repairs and other factors if I offer her the right price. Someone please give me some advice, I look at my investors as people who help me and I help them so this is important to me

Loading replies...