Profile picture for David Gowans

David Gowans

Agent

Realtor (8 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Consulting

Advice

  • (103 Contributions,
  • 7 Best Answers,
  • 13 Helpful)

Contributions are sorted newest to oldest.

Rent vs Buy in Bay Area?

Answer

I could go on for hours about the benefits of owning. I could also go on for hours about the headaches of owning. Are you happy renting? If you are, I'd say keep doing it. If you hate having to worry about landlords and room-mates, I'd say it's time to think about buying. For someone in your situation (if they were thinking about buying), I'd recommend that they consider the coast from Half Moon Bay up to Pacifica. Reason being, those locations hold great value. They are cheaper than the rest of the peninsula, and more pleasant (to me anyway). You could spend $600k and get a home in San Mateo's Village, Parkside or Shoreview. That would also buy a home in the Homeview or Sterling Downs areas of Belmont. You'll be fortunate to find 1600sqft at that price. But, if you take the same amount out to HMB you'll get more house (and less competition) for your money. Hope this helps.

  (0)
Why are homes next to FaceBook NOT getting listed at one million dollars?

Best Answer

I don't think anyone has said that. Homes are worth whatever someone is willing to pay for them... end of story. That's how the free market works. Best way to find out the true value of your home is list it for sale and find out what you can get for it.Also, no one person sets any prices. Home list prices are set by the home owners that are trying to sell. Those list prices have very little impact on value. Values are set by recent sale prices. Don't take this stuff personally. This is just the market acting as the open, free market that it is. We should all consider ourselves lucky that we're here talking about real estate instead of in Reno, Las Vegas, Buffalo, anywhere in Michigan, and 90% of the rest of the country.... most folks are in markets were it takes 9 months+ to sell a home, with average sales prices around $200k.This is a great location!

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Why is the side of Menlo Park that FACEBOOK is on, NOT getting our homes valued at $1,000,000 (one m

Answer

Looks like your question was partially cut off. From what I can see, I can say this for sure: Facebook being local has ZERO impact on the value of any home.The only way Facebook being local could impact values in the immediate area is if those people working at Facebook are shopping for homes in that specific neighborhood, increasing demand. If you'd like to shoot me an email with your full questions, I'll do my best to get you a good answer. I might be able to pull some MLS stats that could clarify the picture down there... Just let me know and I'll try to help:)

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Investment duplex, $625k loan refinance with 75% LTV possible in California Bay Area?

Best Answer

Best person to ask is a mortgage broker. If you don't already know one, here's the guy I use. He's really on the ball.... he's in Burlingame.... and he know's his stuff. Email him for the fastest response:Michael J. HaighRetail Sales - Branch ManagerThe Michael Haigh Team[Website deleted by Zillow moderator.  Please see our Good Neighbor Policy posting rules.]

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WHERE DO I GO TO FIND OUT THE FAIR MARKET VALUE OF MY PROPERTY

Answer

I'd go to an appraiser ($600), or ask an experienced agent to do a BPO or CMA for you (Free, usually). Easy to do... For example, I can have one to you on the same day you ask for it.Otherwise, you'll have to ask the market by placing your home on the market and taking offers.David

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undervaluation of property

Answer

Sir/Ma'am, I wouldn't worry about zestimates. They carry zero weight with lenders. They are valued by un-educated buyers, but once they start engaging in the market, they quickly find a zestimate only a ballpark figure. I do broker price opinions for lenders, and I know they only use appraisals and/or broker price opinions to determine values. Appraisals and BPO's are technically good for the day they're published, then become less accurate as each day passes. If you appraisal is recent, that's the way to go. Hope this eases you concern. Id be happy to explain this further if you'd like to talk tomorrow. Just contact me thru my profile.

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