Better Homes and Gardens Real Estate
362 Gellert Blvd.
Daly City, CA 94015
For what it's worth, I agree with those posting in this thread that the unit needs to be viewed.
Because the market has been so strong this year, I would try to use comparable units that have sold in the last three or four months combined with local market knowledge to determine value. I don't use short sales or REO's when comparing a regular sale in the current market. Agents who list bank owned properties rarely prepare them for sale, or often fail to market the property or hold open houses. Often, they're left on a lockbox and just listed on MLS with a low price. Before this market heated up, they were considered unappealing by many buyers and agents for those reasons and others.
So.. the demand is strong. Good preparation and marketing of your unit would give you the best opportunity to find a strong buyer with good credit ready to make the sale happen quickly. If that sounds like what you're looking for, I would of course be happy to help!
Also-Just as an fyi, I don't believe you are in a short sale situation. I'm fairly certain your value will be significantly greater than your loan amount. I am a former certified general appraiser as well. Give me a call and we can talk specifics. There is a lot of demand for your property. Thanks, Matt Ciganek
Following up on your update about the short sale.
The first thing I do with a seller who is considering there options is to sit down with them and get all the facts. Then we can start looking at all the options together.
Do you just keep it and rent it out until the market catches up to you.
Can you do a loan modification
Use the government refi program
Then consider if you are eligable for a short sale
Learn about the +/- of a short sale
Once you have this worked out you will know what is next.
Please call me to set up a time to meet.
Assuming that you are a good candidate the process for you is to 1) sign a listing agreement and market it for offers from qualified and motivated buyers, and 2) to pull together a short sale package which will include recent tax returns, bank statements, pay stubs, etc. Each lender has their own specific criteria and I can help you with that if you're interested.
Feel free to call me at 415-200-7202.
You should interview a few brokers - happy to be one of them - and get an idea on value and then pick the best one for you if you decide to sell.
Lance King/Owner-Managing Broker
I too would like to see it to provide a firm price opinion, but I have no doubt that I could get you a great offer in a short period of time. Don't just think about first time home buyers, assuming your building doesn't have rental restrictions it should also be marketed to investors. I just sold a 4-unit rental building on Clement at 35th Ave in 2 weeks for an exceptionally high price. Investors swarmed all over it. So feel free to enter your stats at my website below or contact me via my Trulia profile if you're interested in hearing more.
Sally hit the nail on the head with her response. Get a professional to spend time with you evaluating and deciding on a value to the home.
Someone who is experienced with the Richmond District would be a good place to start. I have lived in the Richmond District on 17th and Clement and on 6th and Clement and would be happy to help. If you would feel more comfortable with a female agent, Ellie Kravets, who also responded to your post, is an incredible resource.
Best of luck to you!
I live in the area and I would be happy to help you.
Let me know when we can meet to see the place.
It is a free service. All of us would be pleased to do it!