How does everyone calculate ARV???

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Hi Everyone -

I've been calculating ARV for quite some time and wanted to get the community's perspective on it. Specifically:

• If you don't find true comps (similar house with similar beds, bath, SF etc. etc.) do you stop?
• If no, are you making adjustments to make a comparable property comparable?
• Do you look at solds only or do you look at pendings and actives as well?
• Does anyone use a $/SF as their valuation tool?

My sense is that if I can't find true comps and then I start making adjustments to make a property comparable to the property I'm evaluating, my valuation risk is higher and therefore I would want to add more buffer to my profit potential.

Just looking to get some feedback on how others do their valuations.