Key Takeaways
- Using listing prices instead of sold prices is the most common ARV error.
- ARV and repair estimation errors compound—a $5K error in each creates a $10K margin gap.
- Systematic safeguards include comp verification checklists, independent verification, and outcome tracking.
- Track actual outcomes vs. estimates to calibrate accuracy over time.
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Test Your Knowledge
1.What is the most common ARV estimation error wholesalers make?
2.How do ARV and repair estimation errors compound?
3.What is the recommended minimum number of comps for ARV estimation?