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What's an ARV appraisal?

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esturni

Thread Starter
Sophomore Member
Joined
Dec 31, 2003
Professional Status
Certified Residential Appraiser
State
New York
Got a request for this. Only thing I can find about it is what it stands for. never even heard of it before. Thank you!
 

leelansford

Elite Member
Joined
Mar 29, 2002
Professional Status
Certified Residential Appraiser
State
Illinois
Got a request for this. Only thing I can find about it is what it stands for. never even heard of it before. Thank you!

Why not ask the client?

I know that you are aware, because you ask here, but you can't really accept the assignment without knowing from them what they are requesting of you.
 

Couch Potato

Elite Member
Joined
Mar 15, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Appraisal of Recreational Vehicle. :rof:
 

Lawrence R.

Senior Member
Joined
Mar 27, 2007
Professional Status
Certified General Appraiser
State
South Carolina
Already Reached Value

Another Required Value

Appriaser Rejected Vermin


They are ordered all day long by Mortgage Brokers
 
Last edited:

Tom Woolford

Elite Member
Gold Supporting Member
Joined
Nov 20, 2005
Professional Status
Certified Residential Appraiser
State
Florida
Assumed Residential Value
 
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Montana
A R V

After Repaired Value

Snap on your flipping detector.
 

esturni

Thread Starter
Sophomore Member
Joined
Dec 31, 2003
Professional Status
Certified Residential Appraiser
State
New York
I didn't accept it, just was asked if I do these...I'm just trying to learn!

Is after repaired value similar to doing something subject to a renovation?
 
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Montana
Loose Definition

I didn't accept it, just was asked if I do these...I'm just trying to learn!

Is after repaired value similar to doing something subject to a renovation?

The term is loosely used since it is used mostly by rehabbers and property flippers not lenders.

Lenders will be more specific and order an appraisal "subject to repairs." or if it has been repaired will order a completion certificate.

In any event, the term is mostly associated with rehabbing a property and therefore, as I alluded to previously, the sales history is very important.

This is all about what they were talking about in USPAP class when SOW was discussed.
 

esturni

Thread Starter
Sophomore Member
Joined
Dec 31, 2003
Professional Status
Certified Residential Appraiser
State
New York
Thank you, Doug. It was from an investor.
 
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Montana
Growing market segment

Thank you, Doug. It was from an investor.

Investors are a growth industry for appraisers particularly those who are buying up foreclosed properties. It is great niche. I am considering a small space ad in real estate classified, opening the door to this market segment.

Investors are also good sources of first hand info, rehab costs, expected return info, rents and other information. Welcome these contacts.
 
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