Zillow Foreclosure Estimates

[Joshua Tucker]

Hey BP, I Have A Question On Zillow It's This Property I've Looked Up And On My Own Without Using Zillow The ARV Is 85K But The Estimated Of It On Zillow Listed As Pre Foreclosure Is 20K. Would That Scare Buyers Away Or Is Zillow's Estimates Usually That Off?

[Jim Pellerin]

@Joshua Tucker There are a few ways to get good estimates for your ARV. One quick and cheap way is to find similar properties in your area that just sold and calculate the price per square foot. Take the average of about 5 properties and multiply that by the square feet of your property that you are analyzing. This should give you a good ARV. Make sure you use very similar properties (e.g. 3 bed, 2 bath). There are a lot of software programs that automate this for you.