Definition: The After Repair Value (ARV) represents the estimated market value of your property once it has been completely renovated to meet current market standards and aesthetics, similar to those seen on popular HGTV shows.

Process: We assess the ARV by comparing your property to recently renovated homes in the area. This helps us estimate its potential market value after repairs are completed.

Definition: The cost of repairs is the estimated expense required to renovate the house to the condition that meets the ARV expectations.

Process: We obtain detailed quotes from contractors and renovation specialists to determine the total cost of making the property look as appealing as possible to buyers. Our goal is to enhance the property’s value to maximize your offer and ensure a satisfactory profit margin.

i. Selling Costs:

• Description: These are the expenses related to selling the property, including agent commissions and closing costs.
• Details: We list the renovated property with an agent to achieve top market value, incurring costs such as agent commissions and closing fees.

ii. Buying Costs:

• Description: Includes fees associated with purchasing the property from you, typically handled by the title company.
• Details: This covers all transactional fees incurred during the purchase.

iii. Holding Costs:

• Description: Costs associated with maintaining ownership of the property before it’s sold.
• Details: Includes property taxes, insurance, utilities, and yard maintenance.