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Deal-Getting

Gauging ARV and Comps the Right Way – Part 2

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2016-3-15-260.jpgHi Moguls, Lex Levinrad back again with my follow-up lesson about ARV, comps and talking with sellers.

In Part 1, we learned the formula to calculate how much to offer a seller for their property. I gave you the formula below and walked through it explaining each step:

After Repair Value (ARV) x 65% - Repair Estimate (RE) = Maximum Offer Price (MOP)

So, head back and check that out so you’re up to speed for today’s lesson, which is about questions to ask the seller, comps and the difference between cash sales and retail sales.

Yay Me, I Understand ARV, Now What?

When a homeowner in foreclosure calls you, thanks to one of your marketing campaigns, the first thing you are going to need to do is simply gather relevant information from them, like:

  • Their name
  • Phone number
  • Email address
  • Property address,


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