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Updated about 4 years ago on .
Calculating Comps - Adjust for furnished?
When doing comps to determine ARV for my leads, I occasionally run across furnished properties.
How do you handle those..
Simply toss them out of your comps?
Some kind of regression analysis?
This question could be for anyone.. realtors, appraisers or investors.
It seems like it’d be a more difficult and subjective adjustment than let’s say.. a pool, because of the variability in quality of furniture, etc.
New furniture is ideal, but I’ve seen properties with USED furniture also selling for more than their unfurnished comps.
I’m in the Clark County NV (Las Vegas/Henderson) market if that makes a difference.
Thanks in advance!