ARV & Assessed Values

4 Replies

Hey everyone!

I'm fairly new at wholesaling. I was told if I couldn't find a comp for a house, that I would need to use the assessed value from the tax assessors. This doesn't seem right to me because ARV is after repair value.

What are your thoughts on this? 

And what would you do if you couldn't find a comp for your subject?

@Shronda Sledge Is this property in a rural area that is making it tough to comp or a unique structure to the market? Typically I will continue to expand my search until I find comparables similar to the property. If comps are located in other markets I will use value adjustments/explanation to verify distance expanded or justify outliers in specs.