Need assistance with a 'ballpark appraisal on 2 unit Victorian, historic, on the 2100 block of Sacramento St .

T. Day
Other/Just Looking
San Francisco, CA

Basically my family wants to know if the property is worth more than what is owed, via reverse mortgage, and whether it should be professionally appriased and listed or should we cave to the lenders who claim to have first rights sto purchase and will only offer what is owed.

Answers (4)
Shaban Shakoori,...
Broker
San Francisco, CA

I just saw a beautiful historic building a block up from you today.

An agent that knows the area should be able to give you a good idea of what the property is worth. I have done this for clients and would be glad to help you with it. I have sold properties on your street and in your neighborhood and my office is in Pacific Heights.

Shaban Shakoori
Broker/Attorney
TRI Coldwell Banker, SF's #1 Office

Tue Mar 17 2009, 14:38
Sally Rosenman
Agent
San Francisco, CA

Dear Friend,

No one can give you an intelligent appraisal without seeing the inside of both units. You can find many good professional appraisers on my website http://www.sallyrosenman.com. I can also give you a formal appraisal with a comparative market analysis. We can then sit down and discuss your options.

You need to look at your loan documents which you signed at closing as correct to see what your bank means by first rights to purchase. If it is not in writing, then I would question this demand. You can also find great real estate attorneys to assist you on my website as well. Go to LINKS.

Cheers,

Sally

Tue Mar 17 2009, 13:39
Scott Pierce
Agent
San Francisco, CA
FIRST ANSWER

Call Ye Gong at 415-345-4347 at Guarantee Mortgage. She is a CPA and tax expert as well as a leading mortgage broker. She can give you a good answer.

Tue Mar 17 2009, 10:21
Lance King
Broker
San Francisco, CA

T Day,

In order to give you an intelligent opinion on this I would need to know the address and more details about the language of their first refusal status. You can reach me on my cell when convenient - 415.722.5549

Best Regards,

Lance King/Managing Broker
lance@fixedrateproperties.com http://www.fixedrateproperties.com

Tue Mar 17 2009, 10:21

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