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David Gowans's Advice

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  • 103 Contributions
  • 7 Best Answers
  • 13 Helpful

David Gowans wrote:

What is the average building replacement cost for 94070 zip code area?

Answer
Oh... sorry. I think Arn's estimation is a good one. $300 to $400/sqft will work well. On a separate note, current purchase prices vary widely, depending on the location. I've seen everything from $450/sqft to $950/sqft.
June 13 2011
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zestimate change or system issue???

Answer
The thing about Zillow is, the data that enters the Zillow system usually takes some time to get there. For example: I sell my home on Comet Dr (Foster City) on 1 June (transaction closed). It gets recorded on June 3rd. This sale normally won't reach the Zillow Database for weeks (sometimes a few months) after the sale is recorded. Once it does catch up, it will adjust the estimate for each home in the area a little, or a lot this there's a big price disparity from the norm. Now, picture several sales catching up around the same time. This will explain some of the significant changes you'll see, as well as a change in data from 2 months before, because thats when the sales actually occurred. Try to use Zillow for what it is: a ballpark estimation. If you need a tighter estimate, any Realtor can do a Market Analysis (CMA) for you that is essentially the same as a Zestimate. The difference is, the Realtor has access to real time information on home sales. So, I recommend you contact a Realtor for a really good idea of your value. Almost all Realtors will do this for you for free, and a few of us will do so without hassling you for a listing afterward. Hope you find this helpful.David Gowans
June 13 2011
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My home was sent to you as a for sale, by epropertysites.com, however you are not showing it.

Answer
Local Agents/Brokers can usually make this happen for you.
May 19 2011
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What is the average building replacement cost for 94070 zip code area?

Answer
I'd figure an average of $450k. There have been some really high-end remodels and new builds done in San Carlos over the last decade, so if yours is one of those, I might go up to $550k or $650k. If your home is on the flat side of town, I'd go with $350k and if you have one of the "Murphy" homes I'd go with about $275k.Hope this helps:)David
May 10 2011
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Can BoA sell a property in auction as foreclosure when I was already in contracts for short sale?

Best Answer
Yep.... short sales are a real headache. Unfortunately, your agreement to purchase was ratified with the defaulted owner. That the bank "accepted" the purchase amount doesn't mean anything when it comes to ownership. They are just agreeing to take a short payoff from the seller. Until the home foreclosures, the old owner is the legal owner. Once the bank forecloses, they are now the legal owner and have no obligation to sell to you and are certainly not obligated by a contract the previous owner signed.You do have a couple options. 1) the old owner does have a brief period after the auction to make good on the loan and regain possession. It's only a few days, but depending on where you were in the sale process, you might be able to work out a simultaneous closing that a) gets the old owner the house back and b) transfers the property to you in a second, simultaneous transaction. The odds of making this happen are really slim.2) Option two is wait for the entity that bought the house at auction (often the bank buyer it from itself) to list it on the market and go for it then. In fact, you may be able to contact them and offer to purchase it direct. Hope this helps. Sorry you had to deal with that.
May 02 2011
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how does zillow come up w/ the prices they show on website?

Answer
The Zestimate is just an averaging of public record sales numbers with the immediate area around your home. Zillow uses several variables to calculate this, but even Zillow readily admits that this is strictly based on Data and should not be relied on to establish a value. The 2 best ways to get the best estimate of potential market value of your home are to:1) Have a Realtor do a quick CMA for you. It's free and fast... I can produce one in less than 10 minutes,  or 2) Pay for an appraiser to formally evaluate your home. This generally costs $400 to $600 in the San Carlos area and will take 7 to 10 days from the time you order it to get the report back.David GowansColdwell BankerSan Carlos
April 30 2011
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Why does my home appears on Zillow as "recently sold" when it was not?

Answer
I suggest contacting the county recorders office. This recent sale date of Feb 10th, 2011 doesn't jive with the 2008 date that you placed this home into your family trust. Zillow is getting this information from somewhere. Since it usually comes from "public records", I'd start by calling the county recorder and have them verify that no "hanky-panky" is going on. If nothing has been filed, then it's most likely a mistake by a Zillow user. I can tell you that the assessors record clearly shows the most recent activity as being that Sept 2008 transfer into your trust. This is a good sign.If no activity at the recorders office, "claim your home" through zillow, and adjust the information.Let me know if I can help further.
March 29 2011
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If a seller says a house is haunted, does this need to be disclosed?

Answer
I think different states have different ideas about this, but in CA I would suggest disclosure. Your best bet for a really legit answer is the call the DRE. You won't get better advice than that which they can give. Good Luck.DavidPS. Would love to know where this one is:)
March 25 2011
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Rental cost for condo at 50 Mounds Rd?

Answer
Looks like they're going for between $3000 and $5000, depending on the floor level and view.
March 12 2011
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