Home With More Beds and Baths Than Listed on MLS

[George Steers]

Good afternoon, 

I had an appointment today with a motivated seller but we were way off on the price. The house is almost 2800 sq ft and is listed with the city and on the MLS as being a 4 bed/1.5 bath house.

After meeting with the seller and looking at the house, I can see that this is actually a 6 bed/3 bath house. 

My comps have this house at about $200k for the ARV but the seller is looking for $225 for a cash offer. My question is:

How much do additional baths and bedrooms increase the ARV when putting together an offer? Is there a formula out there that anyone uses?

Please let me know if you need any additional information. 

Cheers and happy wholesaling, 

George

[Wayne Brooks]

1) use comps

2). Anke sure the additional beds/baths are permitted.