Estimating a property

[Candace Jones]

How do wholesalers estimate the value of a property? Is it based off of sqft, the condition of the home, what other houses were sold at in the area? How do put a price on a home selling as "as is" for a wholesale deal?

[Pratik P.]

The value of the property after repairs is usually estimated by looking at recently sold homes that are similar in Sq ft and bed/bath.  Other factors are looked as well such as age of the property,  the quality of the upgrades you intend to put in. 

The price on a home selling as is would be ARV minus cost to do repairs/renovation. Of course you'll need to subtract your profit and other costs from that as well.

Hope that helps!