Compare the outcome. Not just the price.

BEFORE USING THE NUMBERS

Every assumption has a source.

• State the value/effective date and whether the amount is a BPO, comparable-based estimate, contractor bid, or placeholder.
• Define the completed scope behind ARV; no automatic dollar-for-dollar return on repairs.
• For land, distinguish the current site from cleared or entitled assumptions. Include demolition, remediation, infrastructure and entitlement costs where appropriate.
• Do not enter an acquisition price when comparing exits for an already-owned asset unless consistently modeling an investment return instead.
• The downside view applies a 10% sale-price reduction and three added carrying months; those are illustrative stress inputs, not market predictions.