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Updated almost 10 years ago on . Most recent reply

Neomi Riley's profile image
Neomi Riley's profile image
Neomi Riley
  • Investor
  • from Indianapolis, IN
  • Member since Dec 1, 2014
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128
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12
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Neomi Riley's profile image
Neomi Riley's profile image
Neomi Riley
  • Investor
  • from Indianapolis, IN
  • Member since Dec 1, 2014
Connect
Neomi Riley
  • Investor
  • Indianapolis, IN
12
Votes |
128
Posts
Wholesaling

Estimating ARV

Neomi Riley
  • Investor
  • Indianapolis, IN
Posted

Can someone please explain the following to me,  as I don't get it...

(Please forgive me if this is a no-brain er)

So I'm pulling comps and here's what I encountered:

Subject property - 4bd, 3ba, and 2300 sq ft., asking price is 725,000.  

Comp property - 5 bd, 2ba, and 2795 sq ft., sold at 548,000. 

Why did comp property sell at such a low price, in spite of greater amount of sq ft and higher number of bdrm?  (Obviously this would not be considered a deal from a wholesaler point of view).  

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