Linda Aanestad's Q&A

Spa307,As of June 19, there are 12 residential properties on the active market in Manitou in that price range, 4 of which are condos/townhomes.  Eight of them are single-family residences.  It would be too tedious to list them all here along with their attributes, so if you don't already have a broker helping you and would like me to help you, please click on my photo to get my contact info.  

What is your question?

Hi David,I don't know anything about the thing with Zillow, or where and why they would even have a need/interest in valuing your property if it isn't listed for sale.  I haven't used Zillow for very long so am not completely familiar with everything they do.  Regardless, it just sounds like an automated program to me.  Nobody can give an accurate value without actually seeing your home.  In looking at the old MLS entries on your property, it looks like you have a very nice home.  A general market range for similar homes in your neighborhood is $247,500 to $277,900 (this one had an extra-large lot of .27 ac).  I, obviously, haven't seen your home in person nor have I seen the comparables.  This range is simply based on sales from this year and is not intended to be an accurate valuation or appraisal.

Hi,This property is not currently under contract according to the listing office on Friday, June 19.  It was "withdrawn" from the MLS while the selling bank decides if they want to put it back on the market or remove it temporarily.  The listing office didn't say this, but bank repos can change listing agents fairly often, so it's possible that the bank will relist with someone else.Someone will have to monitor the situation closely.  If you don't already have a broker helping you, please click on my picture for my contact information.

Hi ally6656,Your question may have been answered elsewhere by now, but I'll go ahead and post an answer here.  I haven't actually seen the property you're referring to for several years, but normally, when a broker says XYZ below appraisal, they mean it's below the value given by an independent appraiser--not the county assessor.  We brokers rarely rely on assessor's values because most of the time, the assessor's appraiser hasn't even been inside the house!  They don't even go to the outside of each property when values change!  Assessor's actual value on a property is often way off base but not always.  I assume that the property we're talking about had an independent appraisal done for resale or refinance purposes, and that was the appraised value being referred to.Linda AanestadEpic Realty, Inc.[content removed by moderator for being self promotional]

Hi psglmg,Without knowing more specifics, the general answer is that you wouldn't get your money back if you were to sell within a few years.  It would, however, depend on cost of building and if it's finished well enough to be considered "living space."  Living space would need a source of regulated heat and finished flooring.  It would probably only add about $30 per square foot in value, and it would most likely cost a lot more than that to have it built.  If it couldn't be considered living space, the added value would be even less than that.  Probably, the only way for it to pay off in the near future is if you were able to build it well yourself from left-over or donated quality materials without it looking "home made."Linda AanestadEpic Realty, Inc.[content removed by moderator for being self promotional]

Hi cmccaig,I just signed up with this website.  Has anyone helped you with this property or any other yet?  I imagine you've already received your information, but I'd be happy to help you if not.  This property listing was just withdrawn and cancelled today. Linda AanestadEpic Realty, Inc.[content removed by moderator for being self promotional]

Hi Rogerls,I'm not sure if anyone has helped you yet.  Yes, the home you referred to is currently on the market for $49,900.  It's 1100 square feet, 2 bedrooms, 1 bath.  There are 4 photo available that I can send to you if you give me your full email address.  I'll be happy to help you.Linda AanestadEpic Realty, Inc.[content removed by moderator for being self promotional]

Hi,I'd be happy to answer your questions about this home, but the address is not provided. You can also resubmit your question with the address on this site.Linda AanestadEpic Realty, Inc.[content removed by moderator for being self promotional]

Hi,I am a broker in the Pikes Peak Region. Do you already have an agent?  Have you already seen the interior of the home?  If so, who showed it to you?I'd be happy to help you make an offer if you email me or call me Linda AanestadEpic Realty Inc.[content removed by moderator for being self promotional]