How to determine the ARV of a property?

How to determine the ARV of a property?

Member since 2019 · 6 posts · 1 vote

I'm looking into buying my first property soon and I was wondering how to determine the ARV? Also any tips would be helpful.

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  • Realtor · Southlake, TX · Member since 2018 · 54 posts · 35 votes
    7y

    Hey @Tristan Goff you can make friends with a realtor and have them runs comps for you or if you are using a realtor to buy your first property then they will definitely run comps for you.

    A way to do it by yourself is to go on websites like Zillow, find some properties that are within a mile radius of your subject property, and that have sold within the past 6 months. You can learn a lot from these in comparison to features, extra rooms/garages/bathrooms, etc (try to keep them as similar to your subject property as possible). See what you can adjust from the features you find but in general you can take a rough average of the sold list price of the comps you find. 

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