OfflineHi folks! I see wholesale properties on the Internet out of my immediate area. When I research home values online, the values are $20k - $45K below the stated ARV from the seller. How can I get accurate home values or arv when working areas I am not familiar with? Thanks much.
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The best way is to get sold comps for the property from your realtor. If you have one on your power team I would give them a call or email and ask them for the last solds matching the property. Be sure to look at each comp in terms of size, construction, and other features.
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Hello, You might try contacting a real estate agent who's local to the area, and knows the area your looking at. I hope that helps...
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Thanks so much for your response. The only problem with contacting a Realtor is that I am trying to get info on several properties and don't anticipate needing their assistance on buying or selling. I'm thinking about trying to get a BPO Agent to work on a commission basis as opposed to paying a flat fee for each BPO. In other words, I would have an agreement with a BPO Agent to do the BPO's for me and when I sell, they would be paid a large commission as opposed to a small fee per bpo. Any thoughts or suggestions?