Home value, advice from CA Brokers please.

Asked by Kurt Thomas, 81501 Mon Jan 7, 2008

I am a Broker in Colorado however I have a close family friend whos mother recently passed away. He and his family are in limbo on what to do with her home.
They have recieved an appraisal however after reviewing it I believe it does not reflect the current market value of the home.
They are concidering leasing it out for a short while or just selling it.
Would any LOCAL Realtors be willing to share some market data with us and possibly provide a CMA as a proffessional favor? The address is

Thank you in advance.
Kurt Thomas
Loomis Real Estate


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californiabr…, , Los Angeles, CA
Mon Jan 21, 2008
While a number of agents will offer to provide you with CMAs, please obtain one from a qualified San Fernando Valley agent, who works the 'West Valley' neighborhoods of West Hills and Woodland Hills. I previously was a Valley agent and have sold properties in West Hills but no longer consider myself an expert there. I am happy to make a local agent recommendation to you. I agree with Irina's comments about current market conditions and sadly, the appraisal they have obtained may be more reflective of current values than they believe. The West Valley is extremely soft in sales right now and prices are declining rapidly. You may also be dealing with probate issues on this property that can affect whether the property can be rented out or not.
1 vote
Maureen Rossy, , 90071
Mon Jan 21, 2008
I agree with Meredith McKenzie and do recommend you get in touch with a broker from the "valley". I belong to an organization of "Super Stars" and would be happy to recommend one of them to you.
1 vote
Irina Netcha…, Agent, San Marino, CA
Mon Jan 7, 2008
Hi Kurt,

I do not work West Hills, but have been tracking it since my aunt owns a house there and was considering selling it. The inventory in West Hills is extremely high. If your friend's family is able to lease the property for awhile, it might be in their best interest. The prices are dropping steadily in that area and the average market time is going up. I would have a local realtor look at the market trends there since the market is down spiraling pretty quickly.

Good luck!
1 vote
Maggie, your…, , Long Beach, CA
Mon Jan 7, 2008
Hello Kurt!

I will be more than happy to do a CMA for you!

My sympathy to your close family friend.

I will contact you directly and get more information to pull the stats off line. You can reach me via my website at http://www.maggiehomefinder.com or call me at 310-890-3271.


Maggie Mouscardy
Prudential California Realty
Los Angeles, CA
1 vote
Paul Hargra…, Agent, Woodland Hills, CA
Fri Nov 18, 2011
Don't let buyers STEAL your family home. At no upfront cost to the estate I have sold over 200 Probate & Trust estates using our proven "Fix & Sell" strategy to sell your home for a top top fair market price.

I invite you to visit our website to see our many Before & After estates.

Paul Hargraves http://www.TrustPropertiesUSA.com
0 votes
Nancy Sanborn, , Los Angles,CA
Fri Feb 1, 2008
Hi Kurt,
I specialize in Probate and Trust Sales in Southern California for over 20 years. I would be happy to assist your friends. I am curious to know who performed the appraisal? Was it an independent appraiser or was it done by the probate referee?
Is there a will? If so who is the executor of the estate? If not who is the administrator?
If the family should decide to lease the property I will be glad to assist you with a referral to a local company who can assist them in leasing the property and who will manage it for them.
We sell properties throughout Southern California and have an extensive network of agents who specialize in Probate and Trust Sales.
Please let me know if we can offer additional help.
Nancy Sanborn
Executive Director
Probate and Trust Sales Division
Prudential California Realty
Web Reference:  http://www.sanbornteam.com
0 votes
Dot Chance, Agent, Burbank, CA
Sat Jan 26, 2008
Kurt, let me know if you still need someone to do this for you. I work in the valley and will be happy to help you.
Web Reference:  http://www.DotChance.com
0 votes
Maureen Rossy, , 90071
Sun Jan 20, 2008
I would be happy to help by sending you some CMA's. Please either e mail me at maureen.ross@era.com or call me directly at 310-469-1497. My sympathy to your friends and their family.
0 votes
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