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!
SHORTER COMPS TUTORIAL:
Detailed Training Video on Using Comparable Sales and ARV Calculator:
Getting Reliable Comps and ARV - Yours at a Snap of a Finger!
25 Best Comparable Sales Displayed Instantly!
With Rehab Valuator Premium, you now have access to reliable comparable sales data (comps) from 2 sources to ensure you're getting the best possible data set. Our platform now collects data from Public Records (updated weekly) and Zillow (updated daily), sorts it in the background, and gives you the 25 best comparable sales available!
All Your Comps on a Map!
All 25 Comparable Sales are then mapped for you and color-coded based on data source. You can hover your mouse over each comp to see more info!
ARV Calculator Computes Projected After Repair Value!
You can then sort the entire comps data set by any of the column headings to narrow down only the most relevant comps. You'll notice the stats at the top will change based on the comps that you've checked and will display the average sales price and $/ft of only the comps you've selected.
Then, if you have a # entered for the subject property sq ft, the ARV Calculator will compute your projected After Repair Value for you automatically!
NOTE ON NON-DISCLOSURE STATES:
Rehab Valuator now sources Comparable Sales from 2 sources:
- Public Records
- Zillow Sold Data
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, he 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:
- You may still see sales data in Rehab Valuator coming from Zillow. 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
WHAT TO DO NEXT?
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