3. Comparable Sales and ARV Calculator
Detailed Training on using the ARV Calculator and Comparable Sales Tool to Determine After Repair Value and Calculate Your Offers for Any Real Estate Deal!
Everything you do in real estate hinges on you being able to make an accurate offer. But how do you know what to offer? It starts with After Repair Value. Accurately determining that is CRUCIAL! But how do you get an accurate ARV? It's by getting accurate comparable sales and filtering them to make sure you're only looking at the most relevant properties! This video will show you how to do that to make sure your house flipping, wholesaling, or any other real estate investment business is built on a solid foundation.
Step 1: Get Accurate, Valid, Recent Comparable Sales with Rehab Valuator Premium
Step 2: Use the Rehab Valuator ARV Calculator to Determine After-Repair-Value
Step 3: Use the Rehab Valuator Max Offer Calculator To Determine the Right Offer!
Short Comps Tutorial:
Detailed Training Video on Using Comparable Sales and ARV Calculator:
Getting Reliable Comps and ARV – Yours at a Snap of a Finger!
Step 1: Enter the correct address for subject property in the Info Tab!
Step 2: Click on 'Comparables' or 'Calculate ARV to Generate Instant Comparable Sales!
Step 3: 25 Best Comparable Sales Displayed Instantly!
Step 3a: All Your Comps on a Map!
Step 4: Sort and Filter Your Comps to Narrow Down to the most Relevant!
The After-Repair-Calculator Calculator will only display a Projected ARV if you have entered a square ft figure for the subject property.
Step 5: Generate Reports
Though we don't recommend you include this report in your formal presentations. Instead, see the next step!
Step 5a: Generate Reports
NOTE ON NON-DISCLOSURE STATES:
Rehab Valuator now sources Comparable Sales from Public Records nationwide
Unfortunately there is a handful of states where disclosure of sales price is not required and is not a matter of public record. In these “non-disclosure” states, the only truly reliable source for comparable sales will be the local MLS service. Data you can obtain inside Rehab Valuator will be spotty at best.
The following states are non-disclosure states:
Idaho, Indiana, Kansas, Mississippi, Missouri, Montana, New Mexico, North Dakota, South Dakota, Texas, Utah, and Wyoming
So if you're doing business in one of these states, there are a few things to try:
- Search some online sites like Zillow and Realtor manually. More and more, real estate agents that have agreements with Zillow will upload sales data, even in non-disclosure states
- Your best bet will be to use a local real estate agent and get comps data from them. You can then manually upload your comps into the Rehab Valuator presentations and use them along with the rest of your marketing