Determining ARV?

Financing, Hard Money Lenders, Private Money
1

Hey everyone, How do most hard money lenders determine ARV to lend on? Is it comps, appraisal, or both? Thanks.

2

HMLs don’t determine the ARV, an appraiser does. Do you know how a residential appraisal is done?

3

you wanna fill me in?

4

Not really.

http://en.wikipedia.org/wiki/Sales_comparison_approach

http://www.amazon.com/Fundamentals-Estate-Appraisal-William-Ventolo/dp/0793142709/sr=8-3/qid=1169761004/ref=pd_bbs_3/104-6500306-2031954?ie=UTF8&s=books

http://www.appraisalinstitute.org/ecom/publications/Books.asp?Books=All&Session=False

5

ARV
After repair value. An appraiser determines the value of a completed house.