OfflineI dont want to come across like i'm new ,because there is a chance to make some decent money on these properties. So when you guys talk about % after repair what are you talking about. Thank you.
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questions to ask a realestate agent that deals with all the forclosures in my area. I dont want to sound like i'm new at this .
Posted on: Tue, 09/06/2011 - 15:25
questions to ask a realestate agent that deals with all the forclosures in my area. I dont want to sound like i'm new at this .
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- by SteveADK
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% of ARV usually means what a buyer is looking for concerning a buyer and what to base your numbers or offer on.
For example, if a buyer is looking to buyer a property at 65% of the ARV, less repairs and fee and the ARV of a property is $100,000 and repairs are $10,000 and your fee is $5,000, then it would be:
65% of 100,000 is 65,000
65,000 - 10,000 = 55,000
55,000 - 5,000 = 50,000
$50,000 would be your max allowable offer.
You're going to want to offer a few thousand lower than your max allowable offer to give you room to negotiate.
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