ARV is an investment term for properties and stands for Average Retail Value. So, what is this average retail value?
Average Retail value is based on what someone predicts could happen to a house if certain investments are made in the property. So, for example, say you have a house that needs a significant amount of work (well over $100k in repairs for example). ARV comes into play when someone who is listing this house for what it actually is, a really rough place that needs a ton of vision and probably 3-4 months of work or more, would like to lead you to believe the house could be worth after you spend a good quarter of a year and numerous hours of your time on the house. Whether or not you're looking for these types of properties or trying to avoid them, we can help!