The information you see listed for each property comes directly from the wholesaler or motivated sellers. This means that they provide the ARV, repair estimate, and asking price. We do not verify the information they submit for each deal. 


You should do your own due diligence by pulling your own comps and doing your own estimate of repairs as opposed to accepting the seller's numbers. The best strategy is to ignore their repair and ARV estimates and make offers based on your numbers. Many wholesalers will accept an offer price up to $10,000 below their asking price. So be sure to make an offer!


You can use their numbers as a guide and a conversation starter, but you always need to do your own research for a couple of reasons:

  1. Some sellers exaggerate about the ARV and underestimate repairs.
  2. Both of these figures are highly subjective. What's a comp to one person isn't a comp to another. And some people can get their repairs done at a much lower cost than others.


At MyHouseDeals, we feel that our main responsibility is to round up deal-making opportunities for you. It's impossible for us to pull comps on each property and/or inspect each property to verify repair amounts. But we still let sellers post that information so that you'll at least have an idea. So if that one deal is still sitting on the market after being posted for a while, there's a chance that the seller fudged on the ARV or repairs. But again, you'll have to look into that yourself. 


If you see a particular deal and you feel as if the ARV is overstated, our recommendation is to post a comment on the deal and start a dialogue with the seller. Anyone that views the deal can see your comments and potentially add to the conversation. To leave a comment about a specific property, just scroll to the bottom of the property details page and enter your comment in the Property Discussion area.


Finally, we have rules that govern how a member lists an ARV, and our system will not allow a listing if it does not meet the following guidelines:

  1. If the ARV is greater than or equal to $100,000 then the max allowable asking price is ARV x 85% - $Repairs. This ensures that you get at least 15% equity on the deal.
  2. If the ARV is less than $100,000 then the max allowable asking price is ARV - $15,000 - $Repairs.