Is this crucial step missing from your ARV analysis?

[Kuba F.]

Hi Everyone,

My name is Kuba Fietkiewicz and I run a house flipping software company, REIkit.com, in Los Angeles.

I wanted to take a minute to talk about one of the most important no-cost steps you can take, that you may not be doing now, in order to get your ARV valuations as accurate as possible.

You probably already know that in order to get to an After Repair Value, you need to find sold comps. It is very rare, however, to find recent comps that are exactly the same as the subject property. The solution is to use a comps adjustment process called a sales comparison analysis to account for differences in features, such as garages and pools.

Imagine that you had three comps with a garage, and your subject property doesn't have one. That's a $10,000 difference that will dramatically change the profitability of your deal. This is why it's crucial to take that extra half hour of your time to adjust your comps, and I encourage you to, with the free comps adjustment tool that I created on the site.

This extra step will help you get confidence that your ARV numbers are accurate for the property you are considering.

https://tools.reikit.com/comps

Check out the tool at the link above. Additionally, I created a video on how to adjust your comps to perform that sales comparison analysis and get your ARV using these sales comparison techniques that most appraisers use:

https://tools.reikit.com/education/how-to-use-comps-get-an-accurate-arv

Any questions or feedback, I'd love to hear from you in the comments below.

Cheers!

Kuba