Dstearns, Home Buyer in Pinole, CA

How do you value a home without recent comps?

Asked by Dstearns, Pinole, CA Fri Dec 28, 2012

I've found a short sale, but am unsure of its value. It's a building called townhome by hoa, detached per agent and advertised on sites as a condo. It shares no walls, but garage adjoins a neighbors wall. The only similar sales for this type with same br/ba and sq. footage is from 2008,2009 and beginning of 2011. Agent asking for more than 2011 price, and says selling for more than that.

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Agreed, interview multiple Realtors and work with a Knowledgeable and Skilled Buyer's Agent.
0 votes Thank Flag Link Tue Jan 1, 2013
I agree with Ron – you need to be working with a good buyer’s agent (not the listing agent). A qualified agent will know how to pull comps for the area.

Also, if any wall is attached (even the garage), then it is most likely a townhouse. If it’s a townhouse, then it could easily be listed as a condo in the tax records – MANY condos are listed as condos.
0 votes Thank Flag Link Mon Dec 31, 2012
You need a Realtor representing you;
you have too much going on, too many questions.
A Buyer's Agent costs you nothing; they're paid out of the Escrow, by the Seller.
Call Melanie in El Sobrante, at 510-222-9150, at Windermere Rowland Realty.

And, yes, it should be selling for more than 2011 price.
0 votes Thank Flag Link Fri Dec 28, 2012
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