After talking to a motivated seller, comp the property by comparing it to recently sold homes nearby. This gives you the After Repair Value, or ARV, which tells you how much you can offer while keeping your profit margin intact.
Once you've found somebody who wants to sell and you've asked them all the questions on the script, it is now time to make them an offer. In order to calculate how much you can offer them for the property, you're going to need to comp it to determine the ARV. Comping a property means looking at comparable properties in the same area, and ARV means after repair value. This is what the home would be worth if it was fully renovated.
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