Market Conditions in Almaden>Question Details

vegas_pros, Home Buyer in San Jose, CA

1025 rafel dr, sj:Why this fully remod 2200sft house, gour. kitchen,3 ful bath/jac'zi, is priced less than 4/2 1800 sft 6347 tamalpais, acros from it?

Asked by vegas_pros, San Jose, CA Tue Aug 6, 2013

This question was asked from http://www.trulia.com/homes/California/San_Jose/sold/1850904…

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Just to help you to understand: if your house is not currently listed for Sale, the automatic system will perform an estimate number based on a wider radius, could be up to 2 miles, depending on the person set for all areas. If a house is listed for Sale, the Listing agent would perform/pick the comps manually to get the CMA -Comparable Market Analysis-, could be within 3 months (on some areas) instead of 6 months or 1 years for the automatic system, and within 1 mile or less...

In addition, by preparing CMA manually, a great realtor would be able to choose ONLY properties that are similar to yours based on year built, square foot and other upgrades/differences. Also, he/she would remove a house that the owner transferred to children with a very lower price to compare with market price.

Those are the basic items you might need to know and could be more depending on each property, but I don't want to go too details here.

Best wishes,

Lamson Dang
R.E. Broker
Web Reference: http://lamsondang.com
0 votes Thank Flag Link Tue Aug 6, 2013
I'm not seeing any indication this property is listed for sale. Could it be an estimated value you are looking at?
0 votes Thank Flag Link Tue Aug 6, 2013
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