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Updated over 8 years ago,

User Stats

6
Posts
0
Votes
Lester Terrance
  • Real Estate Investor
  • Hyattsville, MD
0
Votes |
6
Posts

Property under contract in DC/ Issues with Finding ARV

Lester Terrance
  • Real Estate Investor
  • Hyattsville, MD
Posted

Hello,

I recently got a condo under contract in the Washington, DC area (Fort Dupont). My agent forwarded a list of comps (6 months) within a 1 mile area. Most of the comps are for town homes/ row houses for the same 2/1 setup. The comps range from 150,000 - 192,000. My General contractor quoted the job @ 42,000.00. I guess my question is, If you are unsure of the ARV, how do you price your property to sell to another investor who may possibly want to rehab it? I thought about going for an appraisal but thats too much money for now. Any advice, suggestions would be great.

Lester

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