Realtor · Gilroy, CA · Member since 2016 · 255 posts · 72 votes
Hi all
The seller thinks the house is worth 4.5M after repairs and selling it for 2.0M. House needs about a Million to finish. It's a newer home and hasn't been finished being built. The comps are few and far between since this house is huge 10k SF. The only way I feel like to determine the ARV is to get multiple appraisals. How would you guys go about putting an ARV on a house like this?
Federal Way, WA · Member since 2014 · 15 posts · 3 votes
9y
So I would drive all the comparable sales and actually door knock the sales, if possible.
With The idea you want to talk with the buyers and find out the condition or features or reason they purchased. ( I did this sometimes back in 1989, 1990 to do appraisals on BH or Malibu homes. )