Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

5
Posts
1
Votes
Oasis Duenas
1
Votes |
5
Posts

Figuring out current property value

Oasis Duenas
Posted

I'm in the middle of determining my ARV for my first possible fix-n-flip. How do I calculate the home's current value, are there other ways of doing it without an appraiser?
I’m trying to learn as much as I can and be as hands on as possible to understand everything more clearly. 

Most Popular Reply

User Stats

1,286
Posts
1,414
Votes
Andrew Freed
  • Investor
  • Worcester, MA
1,414
Votes |
1,286
Posts
Andrew Freed
  • Investor
  • Worcester, MA
Replied

@Oasis Duenas - Yes, you can always inquire with an experienced real estate agent to run a comparable analysis of the ARV under the assumption that they may list it once you are completed with the flip.

You can also do it yourself. Normally, for comparables, you want to look up recently sold properties within a half mile to a mile (the closer the better), in similar condition, square footage, amendities as the end product, and the same or similar bedroom/bathroom count. You can google how appraisers determine value and use a similar approach. That is more or less what agents do when determining the sales price of a listing. I hope this helps! 

Loading replies...