Are They Comparing Apples to Apples

August 21, 2009 · Lee Ginsburg · 8 Comments

When you and I purchase a new computer we compare the memory, the speed, the screen size: does it come with a camera, DVD player/recorder and more. A home the largest purchase most of us will ever make often is not reviewed with such detail by the people doing the lending and sometimes by the people doing the spending. Yes, they look at the square footage, the general condition, and the location. Appraisers often do not have any idea of the cost of section one termite repairs. The differential in repair costs could be 3%, 5% even 10% of the purchase price. Roofs costs could range between $5000 to $25,000. A home with a two year old roof should be valued higher than one with a 25 year old roof. Appraisers know roughly how old the roof is on the subject property but they don’t know the age of the comparables. Same with double paned windows and furnaces. A home with copper piping through out or or with upgraded electric needs to have additional value added to it. All this information does not show up in the MLS. Read more

20 homes under $500,000 in San Bruno

July 16, 2008 · Shokoofeh Nowbakht · Comment here

First time home buyers and investors, what are you waiting for? I just checked the multiple listings and found 20 homes in San Bruno for sale, listed under $500,000. WOW!!! These include regular sales, shortsales and bank owned.

This is the time to buy real estate!

Shokoofeh Nowbakht, Realtor