11 11, 2017

How to Determine ARV

By |2017-11-11T13:00:38-04:00November 11th, 2017|Categories: Hard Money|Tags: , |0 Comments

When you borrow money from a hard money lender, your lender will come out and look at the property to determine its after-repair value, or ARV. But you shouldn’t even go that far unless you’ve evaluated the property’s ARV yourself – otherwise, you could be about to sink your money into a losing deal. How to Determine ARV Your preliminary research on a house should include looking at other, similar houses that are in better condition and determining what they’re selling for. These are called comparables (comps for short). They’re recently sold and for-sale properties similar to the subject property,

14 05, 2017

What is After-Repaired Value?

By |2017-05-14T10:00:01-04:00May 14th, 2017|Categories: Hard Money Loans|Tags: , |0 Comments

When you’re taking out a hard money loan in Atlanta or any of the surrounding communities, you need to know that the loan can be based on the after-repaired value, or ARV, of a home. But what is ARV, and how does it affect your loan? What is After-Repaired Value? A home’s after-repaired value reflects the property’s value after it’s been fixed up—not its value in its current condition. How is ARV Calculated? In order to calculate a house’s ARV, a skilled appraiser will figure out its current value (based on its current condition, as-is). Based on a list of