Hey guys, looking to buy my first property. Want to try and follow the brrrr strategy. I'm looking to try and get an accurate ARV to calculate for when I get a mortgage. Two issues, one, in some cases there are very few comps so if I go further back (instead of 0-6 months, up to two years back) how can I account for the change in the market in that time period? Is that data available somewhere?
Two, I've read a few different things on how to value the difference between the subject property and the comps, X for an extra bedroom, X for 100 sq ft, X for extra bathroom, etc. Anyone know of a good resource for those types of figures to help one do comps? I know it might be different for different markets and/or different types of properties.
Two, I've read a few different things on how to value the difference between the subject property and the comps, X for an extra bedroom, X for 100 sq ft, X for extra bathroom, etc. Anyone know of a good resource for those types of figures to help one do comps? I know it might be different for different markets and/or different types of properties.