How would you determine the ARV

How would you determine the ARV

How would you determine the ARV?

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Does anybody know how to determine the ARV

Does anybody know how to determine the ARV?

Anybody at all?


Found this answer...

"ALCHRISTMAN" posted this blurb a while back about determinging ARV...hope it's helpful.

Suzi : )

Determine After Repair Value (ARV) by using reliable comps and taking the average value per sq.ft. multiplied by the sq. footage of your property. To determine 70% of ARV, multipy ATV by .7, For 65% multiply by .65. To determine what per centage a list price is of ARV, divide list price by ARV and multiply by 100.

Example

average comp value is $115/sq.ft.
home is 1500 sq.ft.
ARV=$115x1500 or $172,500.00

70% of ARV is $172,500x.7=$120,750

if list price is $150,000
list price is 150,000/172,500=.8696
.8696x100=86.96% of ARV

I hope this answers your question.

Good Luck, Al


Thank you so much

Thank you so much Suzi

I really appreciate you post

God Bless