Where does the ARV on a comp come from?
Download MarkdownThe comp engine provides an Engine ARV and an ARV range, shown on the comp's Overview tab under Offer Report Values, next to the as-is value, monthly rent, and the confidence score.
The comp engine provides an Engine ARV and an ARV range, shown on the comp's Overview tab under Offer Report Values, next to the as-is value, monthly rent, and the confidence score.
You can set your own working number, the Determined ARV. On the Comparables tab, tick at least two comparable sales you trust, click Save Comparables, then Apply ARV to Offer Analysis. You can also type the Determined ARV on the Offer Analysis tab. Until you save your own, the offers use the Engine ARV. If the range feels wide, check the confidence score and treat the comp as triage, not a final value.
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