Re: ARV via appraisor sequence: time to do it before offer? - Posted by TomC (Md)
Posted by TomC (Md) on March 07, 2000 at 16:48:05:
One method is to become your own appraiser! To do this, you need to find a small section (the actual size will depend on population density) of town to target and get real familiar with what things are selling for. Get recent sale prices from the newspaper’s real estate section, or your county records. Visit some open houses in your target area on the weekends. Follow up with the realtor later to find out the sale prices.
Before long, you will have a “gut” feeling for what a good ARV is within a few minutes of seeing the house. I hate to say this, but it takes WORK. But you will be able to spot the bargains instantly!
I have a target area for properties within a 5-mile radius of my home. I now own 4 properties all in my target area. Living in the same area makes me an “specialist”, since I know the good and bad areas, and what is desirable or not.
Best of luck to you,