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:

Test Drive for $1

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!

For Bonus Points, enter the correct square feet also!  You'll need that to calculate projected After-Repair Value!

 

Step 2:  Click on 'Comparables' or 'Calculate ARV to Generate Instant Comparable Sales!

Both options will lead you to the same screen, which is where 25 of the best available comparable sales for your subject property will be displayed.  (See screenshot below)

 

Step 3: 25 Best Comparable Sales Displayed Instantly!

Rehab Valuator Premium will pull comparable sales (where available) from actual sold data in  Public Records. Our algorithm will then filter and sort all available comps in the background by size and relevance and will give you the 25 best comps available, which you'll then need to filter further to arrive at your ARV (see step 4 below!)

 

Step 3a: All Your Comps on a Map!

All available Comparable Sales are also mapped for you and color-coded based on data source.  You can hover your mouse over each comp to see more info!

Step 4:  Sort and Filter Your Comps to Narrow Down to the most Relevant!

New easy to use filters allow you to narrow down your comps as tightly as you want. You can sort the entire comparable sales data set by any of the column headings to narrow down only the most relevant comps.  As you start clicking the "checkboxes" to the right of each comp, the average stats and projected arv will change at the top to calculate based on only the comps you've selected!

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

There are 2 reports you can generate.  First is the "All Comps" report.  You can generate this by clicking the "Print Comps" report at the bottom right corner.  This is a stand-alone comparable sales report that will show all 25 comps including the checkboxes and the ARV calculation.  You can save this as PDF and share it with anyone you wish.

Though we don't recommend you include this report in your formal presentations.  Instead, see the next step!

Step 5a: Generate Reports

To include comps and the Comparable Sales report in your overall presentation to buyers or lenders, select up to 10 of the most relevant comps and click "Include in Presentation".  This will transfer those 10 comps to the Presentation Tab.

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, 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:

  1. 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
  2. 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
see plans and pricing

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20 responses to “3. Comparable Sales and ARV Calculator”

  1. Leo Sosa says:

    Hello there,
    This information is fantastic….maybe I missed this part, but what size of a project does your project management training works for? Is it only for housing development?

    Thank you…?

    • Daniil Kleyman says:

      Hi Leo. It honestly can work for any size of a project. We’re using it right on single fam and large mixed use development projects as well!

  2. Jan says:

    Thank you. Will purchase the premium when closer to start. I’m currently researching and learning processes.

    • Rafael Diaz says:

      Hi Jan,

      You’re welcome! Good to hear you’re learning the system and process! We look forward to having you as a premium member shortly!

  3. This was a major concern for me.
    Glade the software cleared that concern.

  4. Deonte Berry says:

    Rehab Valuator has been quite the learning tool in order for me to hit the ground running in wholesaling the more I click around on the website I discover more tools, tips and learning skills that I find useful and could help grow my business into a more established empire.

  5. Stephen Sinner says:

    After viewing the first video about comps, the idea of viewing the property addresses on Google, i thought that’d be a good idea to see how closely the property in question looked liked any of the comp’s. Also, having access to view a Grant Deed or Deed of Trust to see if the property description had the same tract name. That may be good to know. If a property is developed by the same developer then you would feel better knowing you have a real good comp, ihmo.

    • Matt Lewis says:

      Hi Stephen, in an ideal world the comps will be similar in style, age, size, condition (or future condition of course), etc. This can prove hard sometimes, but if you compare cape cods to cape cods, let’s say, that’s great.

  6. Nova says:

    I found these tutorials to be very helpful. Thank you!

  7. Taryn Jenkins says:

    How do you comp a rural area? I have a lead where the house was built in 2003 on 20 acres of land, but when I run the comps, there is only one house, 5 miles away, that is somewhat comparable. All of the other homes are brand new.

    Also, the tax assessor site has a value of $304k for the land & house, but the owner is asking for $400k. I’m having a hard time doing comps for this house. Any suggestions on how I should handle this?

    • Matt Lewis says:

      Taryn, these are good questions. Pulling comps when there are fewer sales to pull from and when differences like large land parcels do make it tough. Sometimes, you need to expand your distance filters (if possible) or even things like property square footage or room counts to get more data. Then you make some adjustments to get to the right value. This is obviously tougher than when you have 25 houses to choose from that are nearly identical and close by. Tax data sometimes falls in line with value but can be lower or higher in a lot of cases, too.

      I’ll reach out to you directly and privately to see if we can help a little bit more.

  8. Paul says:

    After viewing the first video about comps, the idea of viewing the property addresses on Google, i thought that’d be a good idea to see how closely the property in question looked liked any of the comp’s. Also, having access to view a Grant Deed or Deed of Trust to see if the property description had the same tract name. That may be good to know. If a property is developed by the same developer then you would feel better knowing you have a real good comp,

    • Matt Lewis says:

      Hi Paul, that’s great diligence. The more you know about a property, the more you can feel comfortable with your valuation.

  9. Tony Calvo says:

    Daniil those tools are very helpful thank you so much

  10. Rufus Moten says:

    Do this work for assigned properties wholesale properties if so this is wonderful

    • Matt Lewis says:

      Hi Rufus, yes, Rehab Valuator will help you analyze potential deals no matter if you are wholesaling, flipping, developing, or building a rental portfolio. Let us know if you have any more questions.

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