Tip 1: Always Follow the “70% Rule”
Never pay more than:
(ARV × 70%) − Repair Cost
Example:
If ARV = ₹70 lakh and repairs = ₹8 lakh:
Max offer = ₹70,00,000 × 0.7 − ₹8,00,000
= ₹41 lakh
Never pay more than:
(ARV × 70%) − Repair Cost
Example:
If ARV = ₹70 lakh and repairs = ₹8 lakh:
Max offer = ₹70,00,000 × 0.7 − ₹8,00,000
= ₹41 lakh
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