Finding the marketplace Value or “ARV” of an investment property is the first step in determining if it’s a deal. Whether you are a Real Estate Investor or a Home Buyer you wish to know if you are getting a good deal. Below are some quick links to assist you in your search. ONCE I present an Investment Property to one of my buyers the first things that they would like to know is “What’s the Market Value”. This is the most important fact in identifying if the house is a offer. Regardless of how motivated your vendor is if the property is not at least %40 below market value it isn’t a deal.
Finding the market value or “ARV” of a house is the key factor in identifying a deal. The MLS is the most accurate way to find the value of a house but not everyone has usage of the MLS. Fortunately there are extensive internet sites that link right to the MLS and they’re free for anybody to use. These websites will give you the marketplace value of a property plus a list of comparable houses that have sold in the region.
Below are links for some of the web sites that I have found most useful. Try to use the estimates from a few different sites if you are looking at the market value of your Real Estate Investment. Find a motivated seller and you have a good deal Now! Compiled by Carol Stinson.
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