OfflineHi everyone,
When you you are trying to determine ARV, do you have the realtor comp homes the same features on the house you're wanting to offer on, except you tell them the property is a fixer and you want comps on homes that are in the same year, sq. footage, and in pristine condition? Then, you ask the to send you the comps they found, do your own math and that's the arv? I know on there they have a average price they tell you. If i could get a little more help with this, that would be great, as I've heard it many different ways.
Thank you in advance - I love all the advice you have given me. 
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ARV stands for AFTER repaired value. I will leave this up to you to figure out the comps you would be using to determine ARV. Think about it!
Remember to check sold comps and currently listed(the competition) comps.
In this current market I would go no further back than 90 days on the sold comps. You MUST know your area, comps can vary street to street! If you go out .5 miles and .25 miles away is a bad or very expensive area, your comps mean nothing. KNOW YOUR AREA!!
Michael Mangham
MD Home Acquisitions LLC
Knowledge is power, but execution trumps knowledge. Tony Robbins
http://www.mdhomeacquisitions.com Seller site
http://www.mdhomeacquisitionsbargainhouses.com Buyer site
http://www.mdhomeacquisitionshousehunter.com Bird Dog Site
http://www.mdlodeals.com Tenant/Buyer site
Hey Coach how have you been? I see you are still trying to keep them on the strait and narrow. Michael talk to you soon.
http://kendrickpropertymanagement.com/
http://rochesterapartmentrentals.com/?page_id=10
Did you ever use the Real Estate Analysis System, when you get the camp that is how much the homes are selling in that area. Pm me
Good luck
I love Zillow.com, if you put the subject properties info into the search line it will pull up estimated value for this home and all others in any direction around the property. You can see price differences and pull up exact properties in the area as well as clicking on comps it will show you all sold and on market properties. Just take the top middle and bottom properties and figure out a quick sale median. If you under value the ARV you will be suprised on the back end if you do make more.
Matt Behrens
FR Properties LLC
www.frproperties.net
"Our Priority... You and Your Family!"
Journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/67147/...
F.E.A.R- False. Evidence. Apprearing. Real.
Talk IS Cheap!
Besides getting official comps from a Realtor, to get an effective ARV you must check the property on a few different websites and compare.
Some of my favorites are...
totalviewrealestate.com
* Eppraisal.com
* Cyberhomes.com
* Homevalues.com
* Realestate****
* homevaluehunt.com
* Homegain.com
* Homes.com
* Zillow
Good Luck! Oh and welcome to the DG family
Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10
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To your success,
Carol Stinson
http://www.realquest.com
Think positive and make offers.
For your advice and tips! This is a great site, with people out there to help you when you need it. All I can say is keep being the good people that you know you are.