What is the best way of actually getting the correct ARV on a home. I like going to cyberhomes.com and matching the REO’s with what the website says is fair market value. Should I contact a broker? If so, can I simply pick one out of the pages? Do seasoned investors inspect every home they move in on, or do they just have contigencies in their residential offers to purchase that specify major factors must be up to par, i.e., the basement is caveing in.
The only way to get true and accurate comps is from a realtor who can give you the local market comps. Just call up a few agents and let them know what you are doing.
It might take you a while to find an agent who will work with you.