Hello all! I have a property I'm interested in making an offer on. I have a CMA for the property that puts the value at $49,175. Is that the ARV, or do I need to take into consideration the repairs needed? (New roof, total interior reno).

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Account Closed

Professional
Jacksonville, FL

Account Closed

Professional
Jacksonville, FL

Replied September 28, 2015 09:13

Originally posted by @Account Closed:

Hello all!

I have a property I'm interested in making an offer on. I have a CMA for the property that puts the value at $49,175. Is that the ARV, or do I need to take into consideration the repairs needed? (New roof, total interior reno).

That really depends on if you prepared the CMA accurately. You can think of the ARV as what you would list/sell the house for today if it was in rent ready condition.

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