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Updated almost 4 years ago on . Most recent reply
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Making wholesale offers
Any tips on how to go about making an offer on a home to a seller, should I go based off the tax assessed value or market value ? Or what is the best way to find comps or get the arv?
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I think Brent with TTP explains it really well in his youtube titled:
How To Come Up With Your Offer Price | Brent Daniels LIVE
I'm no pro but essentially you need to find comparable sold properties in the area that are fixed up to establish an ARV. Then you work backwards to establish your offer price. In my market I will look at comps in the last 6months; +/- 200sf; within 5 years of year built; single story to single story ect.; stay in the neighborhood.