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CIoud CMA

COMPARATIVE MARKET ANALYSIS


1812 Rhododendron Dr, Livermore, CA 94551
PREPARED FOR
CIient
MARCH 1, 2014
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
03/01/14
Dear Client:
appreciate the opportunity to share my business plan with you.
n order to inform you about the current happenings in today's market, have prepared this comparative
market analysis (CMA) especially for you. There are many properties on the market today, and each has
different amenities, sizes, and values. By reviewing this CMA, you will have the information needed to
price your home in the appropriate range in today's market.
The current real estate market presents a variety of challenges. We are faced with more foreclosures
and short sales than we have seen in a long time. Today's buyers are taking longer to make decisions
and have to make sure they qualify for a loan. These obstacles can make selling a daunting task. My
goal is to help you overcome these things and sell your home quickly and at a fair market value.
Home buyers always do a lot of comparison shopping. n today's market it is especially important to price
your home right from the beginning and to get it "show ready". There are many homes available in all
price ranges, but the homes that are priced right and show well are the ones that bring in qualified
buyers.
Part of this package includes a detailed copy of my personal marketing plan. We will certainly go over
this in detail so that you feel comfortable to entrust your home sale to me. am sure that once you review
the plan, you will feel very satisfied with me marketing your home.
look forward to hopefully working with you.
Best Regards,
Harry Khara
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
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CIoud CMA
OUR COMPANY
Our company, ntero Real Estate Services, is a multifaceted business that operates with you, the
customer, at the forefront of our day-to-day operations. We are well known and respected in the
community and our philosophies are based on both honesty and integrity. As a client centered business,
you will receive personal service and be backed by a reputable company.
We implement multi-level marketing strategies that benefit our clients with every transaction. Our real
estate agents have extensive access to information about the communities in which they deal. This
includes, but is not limited to: schools, populations, recreation, entertainment, home values, growth
potential and surrounding areas. Many agents live in the areas we serve and therefore can more
accurately overcome potential obstacles and focus on the unique needs of our clients.
Our commercial division is well-equipped to provide today's growing number of real estate investors with
opportunities for both income and commercial properties.
The real estate market is always changing and as a result, our agents regularly attend training sessions
and events to further their knowledge and be sure that they are focusing on current conditions that affect
today's buyers and sellers. This type of training is imperative if we are to be successful in obtaining top
dollar on home sales. Our goal is to make sure that we satisfy the special needs of all of our clients and
at the same time make the process and transactions go as smoothly as possible.
Our company is dedicated to maintaining a professional, trustworthy relationship with our clients. One
way this can be seen is through this Comparative Market Analysis (CMA) which you hold in your hand.
This CMA compiles the most current and accurate information relevant to the sale of your home. Seeing
that this is perhaps your most valuable asset, it is imperative that you be equipped with the most
complete information possible related to the pricing and marketing of your home.
The Intero Story
n 2002, ntero Real Estate Services was born in the heartland of innovation: Silicon Valley. We grew
faster than any other real estate company in history and now have 2,000 agents in 60 offices worldwide.
We attribute that growth to technology and our passion for serving you.
As the top-selling real estate company in Silicon Valley, our experience means better results. You trust
us with the biggest transaction of your life, and we take that trust seriously.
What we've accomplished:
Received the "Best of Silicon Valley" award from readers of the San Jose Mercury News two years
in a row (2011 & 2012).
Continue to sell more homes in Silicon Valley than any other brokerage.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
Put our customers first we successfully distributed for-sale listings to the largest trafficked websites
(Google, Yahoo!, Trulia and Zillow) at a time when few brokerage companies were doing this,
significantly increasing listing exposure to a wider population of buyers online.
Received the EcoBroker Community Service Award in 2006, highlighting our commitment to
environmentally friendly real estate practices.
President and CEO Gino Blefari and Chairman Bob Moles received the National Home Ownership
Award by RS Media for "outstanding achievements among residential real estate's most influential
and charismatic leaders."
Donated more than $2.5 million to children's organizations in our community.
Our vision is to fully embrace the people and communities we serve. We believe that being a great
company involves not only serving clients with the best of our abilities, but also serving the agents and
employees who make our company number one.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
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CIoud CMA
WHAT IS A CMA?
No two homes are identical, which is why choosing a sales price or offer price for a home can be
challenging. That's where the comparable market analysis, or CMA, can be useful.
What is a CMA?
The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same
neighborhood and price range. This information is further sorted by data fields such as single-family or
condo, number of bedrooms, number of baths, zip codes, and many other factors. ts purpose is to show
fair market value, based on what other buyers and sellers have determined through past sales, pending
sales and homes recently put on the market.
How is the CMA created?
CMAs are generated by a computer program supplied by your real estate agent's multiple listing service
(MLS). The MLS is available to licensed members only, including brokers, salespeople, and appraisers,
who pay dues to gain access to the service's public and proprietary data, including tax roll information,
sold transactions, and listings input by all cooperating MLS members.
Listing agents generate CMAs for their sellers, and buyer's agents create them for their buyers so both
sides know what current market conditions are for the homes they're interested in comparing.
How accurate are CMAs?
The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can
instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria.
Why? The market is constantly changing new listings, pending sales, closed sales, price reductions,
and expired listings.
CMAs can vary widely, depending on the knowledge and skill of the person inputting the search
parameters to the software as well as the number and type of data fields that are chosen. That means
some features may not be included.
As informative as the CMA is, it should only be used as a tool and should not substitute for your real
estate professional's knowledge and advice.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
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CIoud CMA
MAP OF ALL LISTINGS
MLS # Status Address Price
0 Subject 1812 Rhododendron Dr, Livermore, CA 94551
1 40603044 S 4421 BUCKSKN CT $415,000
2 40604634 S 2057 BLUEBELL DR $420,000
3 40610235 S 1611 BROADMOOR CT $455,000
4 40610564 S 5313 LLAC AVE $510,000
5 40611619 S 5685 OAKMONT CR $460,000
6 40615930 S 4755 LANTANA AVE $452,500
7 40621913 S 1780 HONEYSUCKLE RD $525,000
8 40628517 S 5688 CRESTMONT AVE $422,000
9 40637006 S 2475 Broadmoor Street $482,000
10 40639106 S 1432 ASTER LANE $451,500
11 40599859 S 5823 RUNNNG HLLS AVE $375,000
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS # Status Address Price
12 40643981 P 4174 BRSTLECONE WAY $464,950
Status: S = Sold, P = Pending
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
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CIoud CMA
SUMMARY OF COMPARABLE PROPERTIES
SoId Listings
Address Beds Baths YrBIt SqFt
List
Price
SoId
Price
SoId Date
4421 BUCKSKN CT 3 2/0 1972 1,120 $399,000 $415,000
Mar 29,
2013
2057 BLUEBELL DR 4 2/0 1971 1,080 $360,000 $420,000
Mar 29,
2013
1611 BROADMOOR CT 3 2/0 1964 1,108 $395,000 $455,000
May 21,
2013
5313 LLAC AVE 4 2/0 1971 1,196 $449,000 $510,000
May 24,
2013
5685 OAKMONT CR 3 2/0 1969 1,046 $459,000 $460,000 Jul 3, 2013
4755 LANTANA AVE 3 2/0 1966 1,006 $439,900 $452,500 Jul 2, 2013
1780 HONEYSUCKLE
RD
3 2/0 1980 1,178 $475,000 $525,000
Aug 15,
2013
5688 CRESTMONT AVE 3 2/0 1965 1,006 $398,000 $422,000
Sep 18,
2013
2475 Broadmoor Street 3 2/0 1972 1,178 $468,500 $482,000
Dec 23,
2013
1432 ASTER LANE 3 2/0 1966 1,006 $439,500 $451,500
Dec 24,
2013
5823 RUNNNG HLLS
AVE
3 2/0 1966 1,006 $355,000 $375,000 Feb 8, 2013
Averages 1,084 $421,627 $451,636
Pending Listings
Address Beds Baths YrBIt SqFt
List
Price
SoId
Price
SoId Date
4174 BRSTLECONE
WAY
3 2/0 1986 1,110 $464,950
Feb 28,
2014
Averages 1,110 $464,950
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40603044
S
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PROPERTY DETAILS
$415,000 4421 BUCKSKIN CT, Livermore
Courtesy of Valley Brokers LISTING INFORMATION
MLS#: 40603044 Beds: 3 Sq Ft: 1,120 SoId Date: Mar 29, 2013
Status: Sold Baths: 2/0 Year BuiIt: 1972 DOM: 7
FEATURES
StyIe: Contemporary; CooIing: Central 1 Zone A/C; Heating: Forced Air 1 Zone; Exterior:
Stucco; Lot: Corner,Court; Yard: Sprinklers Automatic; Roof: Composition Shingles; Water/
Sewer: Sewer System - Private,Water - Public; FIooring: Vinyl,Wall to Wall Carpeting; Garage:
Enclosed Garage; Zoning: 1001; PooI: None; Stories: One Story; FirepIaces: 1; VirtuaI Tour:
Link; Lotsize: 6714; Acres: 0.15;
REMARKS
GREAT CORNER LOT ON A COURT.POTENTAL SDE YARD ACCESS VERY CLEAN 3
BEDROOM 2 BATH.BRNG YOUR FUSSEST BUYERS!
Source: BAY EAST Information is deemed reliable but not guaranteed.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40603044
S
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LISTING PHOTOS
$415,000 4421 BUCKSKIN CT, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40604634
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PROPERTY DETAILS
$420,000 2057 BLUEBELL DR, Livermore
Courtesy of New Leaf Realty LISTING INFORMATION
MLS#: 40604634 Beds: 4 Sq Ft: 1,080 SoId Date: Mar 29, 2013
Status: Sold Baths: 2/0 Year BuiIt: 1971 DOM: 10
FEATURES
StyIe: Contemporary; CooIing: Central 1 Zone A/C; Heating: Forced Air 1 Zone; Exterior: Vinyl
Siding,Other; Lot: Level,Regular; Yard: Back Yard,Fenced; Roof: Composition Shingles; Water/
Sewer: Sewer System - Public,Water - Public; FIooring: Tile,Wall to Wall Carpeting; Garage:
Attached Garage,Garage Parking,Side Yard Access; Zoning: 1001; PooI: None; Stories: One
Story; FirepIaces: 1; Lotsize: 7279; Acres: 0.17;
REMARKS
Traditional Sale! Fantastic Livermore home! Features remodeled kitchen and baths, landscaped
yards, 4 bedrooms, 2 baths. Lovely fireplace and designer touches throughout. Close to
transportation, local parks and quaint downtown Livermore. This won't last! Open House Sunday 2/24
1-4PM
Source: CONTRA COSTA Information is deemed reliable but not guaranteed.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40604634
S
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LISTING PHOTOS
$420,000 2057 BLUEBELL DR, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40610235
S
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PROPERTY DETAILS
$455,000 1611 BROADMOOR CT, Livermore
Courtesy of Coldwell Banker LISTING INFORMATION
MLS#: 40610235 Beds: 3 Sq Ft: 1,108 SoId Date: May 21, 2013
Status: Sold Baths: 2/0 Year BuiIt: 1964 DOM: 7
FEATURES
StyIe: Ranch; View: Other; CooIing: Ceiling Fan(s),Central 1 Zone A/C; Heating: Forced Air 1
Zone; Exterior: Stucco; Lot: Cul-De-Sac,Level; Yard: Back Yard,Deck(s),Fenced,Front Yard,Side
Yard; Roof: Composition Shingles; Water/Sewer: Sewer System - Public,Water - Public;
FIooring: Linoleum,Tile,Wall to Wall Carpeting; Garage: Attached Garage,nt Access From
Garage,RV/Boat Parking,Side Yard Access; Zoning: 1001; PooI: Hot Tub; Stories: One Story;
FirepIaces: 1; VirtuaI Tour: Link; Lotsize: 7650; Acres: 0.18;
REMARKS
Beautifully updated home in desirable cul-de-sac location w/ expansive backyard. Spacious, bright &
open floor plan. Side yard access for RV/boat, detached structure for bonus room, crown molding, tile
floors, kitchen w/ gas range & breakfast bar, updated roof & much more! Open House Sun. 4/14
1-4pm
Source: BAY EAST Information is deemed reliable but not guaranteed.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40610235
S
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LISTING PHOTOS
$455,000 1611 BROADMOOR CT, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40610235
S
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MORE LISTING PHOTOS
$455,000 1611 BROADMOOR CT, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40610564
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PROPERTY DETAILS
$510,000 5313 LILAC AVE, Livermore
Courtesy of Alain Pinel, REALTORS LISTING INFORMATION
MLS#: 40610564 Beds: 4 Sq Ft: 1,196 SoId Date: May 24, 2013
Status: Sold Baths: 2/0 Year BuiIt: 1971 DOM: 7
FEATURES
StyIe: Contemporary; View: Panoramic; HOA: SPRNGTOWN HOA; HOA Amenities: Golf
Course,Pool; CooIing: Ceiling Fan(s),Central 1 Zone A/C; Heating: Forced Air 1 Zone; Exterior:
Stucco; Lot: Premium Lot; Yard: Front Yard,Side Yard; Roof: Composition Shingles; Water/
Sewer: Sewer System - Public,Water - Public; FIooring: Laminate,Tile; Garage: Attached
Garage; Zoning: 1009; PooI: Community Fclty; Stories: One Story; FirepIaces: 0; Lotsize:
5500; Acres: 0.13;
REMARKS
Luxury living at a starter home price. Backs to golf course, crown molding, granite counters, new
kitchen cabinets, stainless appliances, dual pane windows, custom closet organizers, laminate and
tile flooring, designer int/ext paint, new wood and wrought iron fencing, outdoor fireplace. Must see!
Source: BAY EAST Information is deemed reliable but not guaranteed.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40611619
S
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PROPERTY DETAILS
$460,000 5685 OAKMONT CIR, Livermore
Courtesy of Paragon Group Mortgage Inc. LISTING INFORMATION
MLS#: 40611619 Beds: 3 Sq Ft: 1,046 SoId Date: Jul 3, 2013
Status: Sold Baths: 2/0 Year BuiIt: 1969 DOM: 33
FEATURES
StyIe: Contemporary; View: Other; CooIing: Ceiling Fan(s); Heating: Forced Air 1 Zone;
Exterior: Other; Lot: Regular; Yard: Back Yard,Fenced,Front Yard,Sprinklers Automatic; Roof:
Composition Shingles; Water/Sewer: Sewer System - Public,Water - Public; FIooring:
Laminate,Wall to Wall Carpeting; Garage: Attached Garage,nt Access From Garage; Zoning:
1001; PooI: n Ground; Stories: One Story; FirepIaces: 1; Lotsize: 6300; Acres: 0.14;
REMARKS
Beautiful Move n Ready 3 Bedroom 2 Bath Home With a Pool! New nterior Paint, New Stainless
Steel Appliances, New Floors, New Carpet, New Granite Kitchen Counters,and Fresh Landscaping.
Priced to sell Cash, Conventional, FHA, or VA.
Source: CONTRA COSTA Information is deemed reliable but not guaranteed.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40611619
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LISTING PHOTOS
$460,000 5685 OAKMONT CIR, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40615930
S
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PROPERTY DETAILS
$452,500 4755 LANTANA AVE, Livermore
Courtesy of Coldwell Banker LISTING INFORMATION
MLS#: 40615930 Beds: 3 Sq Ft: 1,006 SoId Date: Jul 2, 2013
Status: Sold Baths: 2/0 Year BuiIt: 1966 DOM: 14
FEATURES
StyIe: Contemporary; View: Other; CooIing: Ceiling Fan(s),Central 1 Zone A/C; Heating: Forced
Air 1 Zone; Exterior: Dual Pane Windows,Stucco,Wood Siding; Lot: Level; Yard: Patio,Side
Yard,Sprinklers Automatic,Storage; Roof: Composition Shingles; Water/Sewer: Sewer System -
Public,Water - Public; FIooring: Tile,Wall to Wall Carpeting; Garage: Attached Garage,nt Access
From Garage; Zoning: 1001; PooI: None; Stories: One Story; FirepIaces: 1; Lotsize: 5999;
Acres: 0.14;
REMARKS
Extremely well maintained,neutral two tone paint,lots of custom woodwork, remodeled kitchen with
two garden windows,and beautiful tile flooring, both bathrooms updated,newer carpet, roof, AC and
central heat,dual pane windows,copper plumbing,outstanding private yard with huge redwood trees.
Source: BAY EAST Information is deemed reliable but not guaranteed.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40615930
S
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LISTING PHOTOS
$452,500 4755 LANTANA AVE, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40615930
S
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MORE LISTING PHOTOS
$452,500 4755 LANTANA AVE, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40621913
S
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PROPERTY DETAILS
$525,000 1780 HONEYSUCKLE RD, Livermore
Courtesy of Marinelli Real Estate LISTING INFORMATION
MLS#: 40621913 Beds: 3 Sq Ft: 1,178 SoId Date: Aug 15, 2013
Status: Sold Baths: 2/0 Year BuiIt: 1980 DOM: 9
FEATURES
StyIe: Contemporary; CooIing: Central 1 Zone A/C; Heating: Forced Air 1 Zone; Exterior: Dual
Pane Windows; Lot: Corner,Level; Yard: Fenced; Roof: Composition Shingles; Water/Sewer:
Water - Public; FIooring: Laminate,Wall to Wall Carpeting,Wood; Garage: Attached Garage;
Zoning: 1001; PooI: None; Stories: One Story; FirepIaces: 1; BuiIder: Remodeled; Lotsize:
8744; Acres: 0.20;
REMARKS
Open Sa/Su 1-4 Sharp remodeled & upgraded home. Big corner lot. Hardwood floors, 2 sinks in re-
imagined kitchen. Granite tile counters, extra beverage fridge. Great lighting & lots of built-ins thru-
out. Built-in surround sound w/audio equip. & flat-screen included. New copper plumbing both baths.
Source: BAY EAST Information is deemed reliable but not guaranteed.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40621913
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LISTING PHOTOS
$525,000 1780 HONEYSUCKLE RD, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40621913
S
CIoud CMA
MORE LISTING PHOTOS
$525,000 1780 HONEYSUCKLE RD, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40628517
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PROPERTY DETAILS
$422,000 5688 CRESTMONT AVE, Livermore
Courtesy of Legacy Real Estate & Assoc. LISTING INFORMATION
MLS#: 40628517 Beds: 3 Sq Ft: 1,006 SoId Date: Sep 18, 2013
Status: Sold Baths: 2/0 Year BuiIt: 1965 DOM: 6
FEATURES
StyIe: Contemporary; CooIing: Ceiling Fan(s),Central 1 Zone A/C; Heating: Forced Air 1 Zone;
Exterior: Stucco; Lot: Level,Regular,Other; Yard: Back Yard,Fenced,Front Yard,Patio,Patio
Covered,Side Yard; Roof: Composition Shingles; Water/Sewer: Water - Public; FIooring:
Linoleum,Wall to Wall Carpeting; Garage: Attached Garage,RV/Boat Parking,Side Yard
Access,Other; Zoning: 1001; PooI: None; Stories: One Story; FirepIaces: 1; Lotsize: 7525;
Acres: 0.17;
REMARKS
Features 3 beds, 2 baths, has two side yard RV access, bring your vacation toys, plenty of room.
Needs updating. Great location, close to schools, open space, wineries and 580 or Vasco.
Source: BAY EAST Information is deemed reliable but not guaranteed.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40637006
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PROPERTY DETAILS
$482,000 2475 Broadmoor Street, Livermore
Courtesy of Coldwell Banker LISTING INFORMATION
MLS#: 40637006 Beds: 3 Sq Ft: 1,178 SoId Date: Dec 23, 2013
Status: Sold Baths: 2/0 Year BuiIt: 1972 DOM: 12
FEATURES
StyIe: Ranch; View: Hills; CooIing: Ceiling Fan(s),Central 1 Zone A/C; Heating: Forced Air 1
Zone,Gas; Exterior: Stucco; Lot: Corner,Level,Premium Lot; Yard: Back Yard,Fenced,Front
Yard,Garden/Play,Patio,Side Yard,Sprinklers Automatic,Sprinklers Front; Roof: Composition
Shingles; Water/Sewer: Sewer System - Public,Water - Public; FIooring: Laminate,Tile,Wall to
Wall Carpeting; Garage: Attached Garage,nt Access From Garage,RV/Boat Parking,Side Yard
Access; PooI: None; Stories: One Story; FirepIaces: 1; VirtuaI Tour: Link; Lotsize: 7918;
Acres: 0.18;
REMARKS
Adorable home, pergo flooring through entry, living room, dining, kitchen and hallway. Beautifully
remodeled kitchen with classic white cabinets, slab granite counters, upgraded appliances.
Remodeled baths. Huge yard, RV side access, room for pool, grassy play area, large patio, view to
hills.
Source: BAY EAST Information is deemed reliable but not guaranteed.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40637006
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LISTING PHOTOS
$482,000 2475 Broadmoor Street, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40637006
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MORE LISTING PHOTOS
$482,000 2475 Broadmoor Street, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40639106
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PROPERTY DETAILS
$451,500 1432 ASTER LANE, Livermore
Courtesy of Coldwell Banker LISTING INFORMATION
MLS#: 40639106 Beds: 3 Sq Ft: 1,006 SoId Date: Dec 24, 2013
Status: Sold Baths: 2/0 Year BuiIt: 1966 DOM: 7
FEATURES
StyIe: Ranch; CooIing: Central 1 Zone A/C; Heating: Forced Air 1 Zone; Exterior: Stucco; Lot:
Level,Regular; Yard: Back Yard,Fenced,Front Yard,Patio,Side Yard,Sprinklers Automatic,Sprinklers
Back,Sprinklers Front; Roof: Composition Shingles; Water/Sewer: Sewer System - Public,Water -
Public; FIooring: Laminate,Linoleum,Wall to Wall Carpeting; Garage: Attached Garage; Zoning:
1001; PooI: None; Stories: One Story; FirepIaces: 1; VirtuaI Tour: Link; Lotsize: 6000;
Acres: 0.14;
REMARKS
A beautiful single story in the Springtown neighborhood of Livermore. Completely renovated home;
New kitchen with black granite counters and soft-close cabinets, New bathrooms, and New flooring
throughout. New nt. & Ext. paint, copper piping, and updated electrical. Move in Ready, a must see!
Source: BAY EAST Information is deemed reliable but not guaranteed.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40639106
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LISTING PHOTOS
$451,500 1432 ASTER LANE, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40639106
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MORE LISTING PHOTOS
$451,500 1432 ASTER LANE, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
MLS #40599859
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PROPERTY DETAILS
$375,000 5823 RUNNING HILLS AVE, Livermore
Courtesy of Coldwell Banker LISTING INFORMATION
MLS#: 40599859 Beds: 3 Sq Ft: 1,006 SoId Date: Feb 8, 2013
Status: Sold Baths: 2/0 Year BuiIt: 1966 DOM: 7
FEATURES
StyIe: Ranch; CooIing: Ceiling Fan(s),Central 1 Zone A/C; Heating: Forced Air 1 Zone; Exterior:
Stucco; Lot: Regular; Yard: Back Yard,Fenced,Front Yard,Patio; Roof: Metal; Water/Sewer:
Sewer System - Public,Water - Public; FIooring: Laminate,Tile; Garage: Attached Garage,Side
Yard Access; Zoning: 1001; PooI: None; Stories: One Story; FirepIaces: 1; Lotsize: 6300;
Acres: 0.14;
REMARKS
Welcome home to this remodeled single story home with laminate floors thruout, kitchen w/granite
counters, craftsman style cabinetry, newer appliances and recessed lighting. Both baths have been
remodeled-all new light fixtures-ceiling fans in LR and master-Side yd access-copper plumbing-must
see.
Source: BAY EAST Information is deemed reliable but not guaranteed.
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www.HarryKhara.com
MLS #40599859
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LISTING PHOTOS
$375,000 5823 RUNNING HILLS AVE, Livermore
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MLS #40643981
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PROPERTY DETAILS
$464,950 4174 BRISTLECONE WAY, Livermore
Courtesy of Prudential CA Realty LISTING INFORMATION
MLS#: 40643981 Beds: 3 Sq Ft: 1,110 SoId Date: Feb 28, 2014
Status: Pending Baths: 2/0 Year BuiIt: 1986 DOM: 10
FEATURES
StyIe: Contemporary; View: Hills; HOA: SPRNG VALLEY ; HOA Amenities: Pool,Tennis
Court(s),Other; CooIing: Ceiling Fan(s),Central 1 Zone A/C; Heating: Forced Air 1 Zone,Gas;
Exterior: Dual Pane Windows,Stucco; Lot: Level,Regular,Zero Lot Line; Yard: Back
Yard,Fenced,Front Yard,Patio,Sprinklers Automatic,Sprinklers Back,Sprinklers Front,Storage; Roof:
Composition Shingles; Water/Sewer: Sewer System - Public,Water - Public; FIooring:
Tile,Vinyl,Wall to Wall Carpeting; Garage: Attached Garage; Zoning: 1009; PooI: Community
Fclty; Stories: One Story; FirepIaces: 1; Lotsize: 5712; Acres: 0.13;
REMARKS
A nice place to start. Property is clean & in move in condition. Low HOA dues: community pool,
basket ball & tennis courts. Sprinklers front & back. New air, garbage disposal, microwave, concrete
patio and storage shed.
Source: BAY EAST Information is deemed reliable but not guaranteed.
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www.HarryKhara.com
MLS #40643981
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LISTING PHOTOS
$464,950 4174 BRISTLECONE WAY, Livermore
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
ANALYSIS
SoId Listings
Number of listings 11
Lowest price $375,000
Average price $451,636
Highest price $525,000
Avg price per sqft $417
Avg DOM 10
Pending Listings
Number of listings 1
Lowest price $464,950
Average price $464,950
Highest price $464,950
Avg price per sqft $419
Avg DOM 10
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COMPARABLE PROPERTY STATISTICS
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ANALYSIS
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ONLINE VALUATION ANALYSIS
SoId Listings
Address SoId Date SoId Price Zestimate Difference
4421 BUCKSKN CT Mar 29, 2013 $415,000 $371,801 -10.41%
2057 BLUEBELL DR Mar 29, 2013 $420,000 $457,854 9.01%
1611 BROADMOOR CT May 21, 2013 $455,000 $463,704 1.91%
5313 LLAC AVE May 24, 2013 $510,000 $463,760 -9.07%
5685 OAKMONT CR Jul 3, 2013 $460,000 $414,751 -9.84%
4755 LANTANA AVE Jul 2, 2013 $452,500 $438,107 -3.18%
1780 HONEYSUCKLE RD Aug 15, 2013 $525,000 $507,926 -3.25%
5688 CRESTMONT AVE Sep 18, 2013 $422,000 $396,311 -6.09%
2475 Broadmoor Street Dec 23, 2013 $482,000 $447,209 -7.22%
1432 ASTER LANE Dec 24, 2013 $451,500 $412,100 -8.73%
5823 RUNNNG HLLS AVE Feb 8, 2013 $375,000 $368,435 -1.75%
Sold Averages $451,636 $431,087 -4.42%
Pending Listings
Address List Price Zestimate Difference
4174 BRSTLECONE WAY $464,950 $425,486 -8.49%
Source: BAY EAST
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ANALYSIS
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SOLD PROPERTY ANALYSIS
Address List Price SoId Price Difference DOM $ per Sqft
4421 BUCKSKN CT $399,000 $415,000 4.01% 7 $371
2057 BLUEBELL DR $360,000 $420,000 16.67% 10 $389
1611 BROADMOOR CT $395,000 $455,000 15.19% 7 $411
5313 LLAC AVE $449,000 $510,000 13.59% 7 $426
5685 OAKMONT CR $459,000 $460,000 0.22% 33 $440
4755 LANTANA AVE $439,900 $452,500 2.86% 14 $450
1780 HONEYSUCKLE RD $475,000 $525,000 10.53% 9 $446
5688 CRESTMONT AVE $398,000 $422,000 6.03% 6 $419
2475 Broadmoor Street $468,500 $482,000 2.88% 12 $409
1432 ASTER LANE $439,500 $451,500 2.73% 7 $449
5823 RUNNNG HLLS AVE $355,000 $375,000 5.63% 7 $373
Sold Averages $421,627 $451,636 7.12% 10 $417
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ANALYSIS
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SUGGESTED LIST PRICE
AnaIysis of the comparabIe properties suggests a Iist price of:
$449,500
Here are some other pricing factors to consider:
Low Median Average High Proj. vaIue $/sqft
All listings $375,000 $452,500 $452,746 $525,000 $490,915
Active listings
Sold listings $375,000 $452,500 $451,636 $525,000 $490,686
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MARKETING ACTION PLAN
Below are a few of the services we can provide as part of the marketing of your home. Before we can get
started, the first important step is to:
Sign and compIete Listing Agreement
First Week
Enter listing into the MLS system.
Put up "For Sale" yard sign.
nstall lock box. (optional)
Schedule time to shoot property photos.
Review showing procedure.
Prepare property flyer.
Syndicate listing to real estate websites.
Second Week
nvite brokers and agents to tour home.
Begin agent to agent marketing efforts.
Review and update status.
Third Week
Hold Open House.
Ongoing activities
Show property to potential buyers.
Follow-up on nternet leads.
Monitor market conditions.
Monitor comparable properties for sale.
Monitor foreclosures and short sales in market.
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WHY YOU NEED A REAL ESTATE PROFESSIONAL
f you're planning to sell your home, it's probably crossed your mind to try to sell it yourself and save the
sales commission. But, there are some very good reasons why that would be a mistake.
According to housing industry experts at HomeGain.com and Realtor.org, more homes listed by real
estate agents are sold than homes marketed by owners, and they sell more quickly and for more money.
Homes listed by real estate professionals get more exposure and their sellers get more support. Real
estate professionals offer many advantages:
They're trained and licensed professionals.
They have experience in your neighborhood and your market.
They have oversight from brokers and state licensing officials.
Their job is to advise you the best way to reach your goals.
Their continuing education keeps them up-to-date on housing issues.
They know how to present your home and deal with buyers.
They know how and where to market properties.
They know how to overcome typical snags that occur in all real estate transactions and closings.
They understand state-required disclosures and look out for your best interests.
They understand personal safety and security for your belongings during showings.
They know the best resources to make transactions go more smoothly, from bankers to home-
stagers to contractors.
They have the most accurate data sources the MLS, the only data repository that has the most up-
to-date listing and sales information.
They know how to negotiate.
Their job is making real estate transactions successful.
When you market your own home, you have to make the time to do all the jobs a real estate professional
would do, and you'll be competing against other sellers who have real estate professionals by their sides.
f you can't leave work to show your home, or you feel it requires more knowledge and experience than
you have, you can't go wrong by hiring a well-respected real estate professional.
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INTELLIGENT PRICING AND TIMING
Pricing a home for sale is as much art as science, but there are a few truisms that never change.
Fair market value attracts buyers, overpricing never does.
The first two weeks of marketing are crucial.
The market never lies, but it can change its mind.
Fair market value is what a willing buyer and a willing seller agree by contract is a fair price for the home.
Values can be impacted by a wide range of reasons but the two largest are location and condition.
Generally, fair market value can be determined by comparables - other similar homes that have sold or
are currently for sale in the same area.
Sellers often view their homes as special which tempts them to put a higher price on the home, believing
they can always come down later, but that's a serious mistake.
Overpricing prevents the very buyers who are eligible to buy the home from ever seeing it. Most buyers
shop by price range, and look for the best value in that range.
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INTELLIGENT PRICING AND TIMING
Your best chance of selling your home is in the first two weeks of marketing. Your home is fresh and
exciting to buyers and to their agents.
With a sign in the yard, a description in the local Multiple Listing Service, distribution across the nternet,
open houses, broker's caravan, ads, and email blasts to your listing agent's buyers, your home will get
the greatest flurry of attention and interest in the first two weeks.
f you don't get many showings or offers, you've probably overpriced your home, and it's not comparing
well to the competition. Since you can't change the location, you'll have to improve the home's condition
or lower the price.
Consult with your agent and ask for feedback. Perhaps you can do a little more to spruce up your home's
curb appeal, or perhaps stage the interior to better advantage.
The market can always change its mind and give your home another chance, but by then you've lost
precious time and perhaps allowed a stigma to cloud your home's value.
ntelligent pricing isn't about getting the most for your home it's about getting your home sold quickly at
fair market value.
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CURB APPEAL, A FIRST IMPRESSION THAT LASTS
First Impressions
Most buyers form their first impression of your home before they even get out of their cars. This is "curb
appeal, or the view from the curb that tells the buyer how attractive and well-maintained your home is
compared to other homes. n a competitive market, it takes more than trimming the hedges and planting
a few flowers to create curb appeal.
The exterior of your home must be in pristine condition freshly painted, cleared of clutter, with no
visible repairs needed. A broken step, overgrown bush, or abandoned toys in the yard can spoil the
appearance and your buyer's first impression.
Curb AppeaI
Curb appeal is important because it sets the tone for what the buyer is going to see inside. f the buyer
likes the exterior, he or she will be predisposed to also like the interior and you're that much closer to
selling your home. To see what needs to be done to sell your home faster and for a higher price, go
outside, stand on the curb and try to look at your home the way the buyer will.
WaIkways/driveways - Make sure walkways are clear of snow, weeds, or debris. Repair or replace
cracked steps or pavers. Driveways should also be clear of vehicles, toys and debris. Park cars in the
garage.
Landscaping - Keep your lawn mowed, edged and watered. Prune dead branches and plants. Weed
flower beds and replace leggy, thin landscaping with fresh plants and flowers.
Exterior - Replace loose or damaged roof shingles, clean the gutters, and paint and caulk window trim
and doors. Repaint the front door an eye-catching color that complements the rest of the exterior.
Replace broken windows.
Entry - Power wash siding, brick, windows, and porches. Paint or replace furniture such as rocking
chairs or porch swings. Replace mailboxes, light fixtures, door knobs or any other fixture that looks less
than fresh. Put out a welcoming new floormat.
Some parts of your home may require more work than others, but it's well worth it to get buyers eager to
see what's inside.
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SHOWINGS AND OPEN HOUSE CHECKLIST
Once your home goes on the market, real estate agents may call to show your home anytime, day or
evening. Keeping your home "showtime" ready can be challenging, especially if you have children and
pets.
Showings & Open House checkIist
EIiminate cIutter: Not only is clutter unattractive, it's time-consuming to sort through and expensive
for you to move. f you have a lot of stuff, collections, and family mementoes, you would be better off
renting a small storage unit for a few months.
Keep, donate, throw away: Go through your belongings and put them into one of these three
baskets. You'll receive more in tax benefits for your donations than pennies on the dollar at a garage
sale. t's faster, more efficient and you'll help more people.
Remove temptations: Take valuable jewelry and collectibles to a safety deposit box, a safe, or
store them in a secure location.
Remove breakabIes: Figurines, china, crystal and other breakables should be packed and put
away in the garage or storage.
Be hospitabIe: You want your home to look like a home. Stage it to show the possibilities, perhaps
set the table, or put a throw on the chair by the fireplace with a bookmarked book on the table.
Have a famiIy pIan of action: Sometimes showings aren't convenient. You can always refuse a
showing, but do you really want to? f you have a showing with little notice, get the family engaged.
Everyone has a basket and picks up glasses, plates, newspapers, or anything left lying about.
Get in the habit: Wash dishes immediately after meals. Clean off countertops. Make beds in the
morning. Keep pet toys and beds washed and smelling fresh.
CIean out the garage and attic: Buyers want to see what kind of storage there is.
The EssentiaI Five-minute CIean-up for Showings
Everyone gets their baskets and cleans up clutter. Check for hazards, like toys left on the floor. Make
sure all toys, including bicycles, are put away.
Put pets in daycare, sIeep cages or take them with you: n the listing instructions, there should
be a warning if there is a big dog on premises. Buyers with allergies also may appreciate knowing in
advance if you have pets.
Turn on Iights: Open the drapes, turn on lights so buyers can really see.
Give the buyer privacy: The buyer can not come to your home without being accompanied by an
agent. The buyer can assess your home more honestly without your presence.
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MOVING CHECKLIST
Moving to a new home can be an exciting journey. Whether you're changing cities or neighborhoods, a
move is not only a change in scenery, it's the start of a new chapter in life. Yet, moving can also be very
stressful, often seeming like one thing after another has to be done. By finding the right moving service
and having a good, though flexible, moving plan, most of the common moving headaches can be easily
avoided.
Start pIanning your move
Finding the best mover for your particular needs and at the right price involves a simple evaluation of
your needs. Like many service-oriented industries, the moving companies of today have expanded to
offer a wide range of services in order to be competitive. From planning your move, to storing your
things, to packing and unpacking, to decorating and organizing your belongings in your new home, you
can choose the extent of services you require and have them tailored to suit your moving budget.
Deciding what to pack isn't as simple as it sounds, particularly if you're downsizing, but the amount of
goods as well as the type of goods you're moving can make a big difference in which mover you choose
and how much you'll spend.
A good rule of thumb is to group items into no more than three categories - Keep, Donate, Throw Away.
Label your things according to the rooms where they'll be moved bedroom #2, first floor powder bath
by stairs, etc. Provide your movers with copies of the floorplan of your new home, so they can move
more efficiently without having to stop and ask you where things go. Lastly, remember that the movers,
though they are professionals, will get tired. On the Chicago-based Bernard Movers website, the movers
advise keeping boxes under 50 pounds whenever possible. They also strongly recommend putting
heavier items in smaller boxes to reduce bulkiness, and lighter items in larger boxes with proper labeling
like "topload."
Get referraIs
According to Mayflower.com, one of the nation's most recognized movers, finding a good moving service
begins with asking someone you know - a family member, coworker or a friend about their moving
experiences, good or bad. Who do you know who works with people who frequently move? Your real
estate professional can also be an excellent source of information. And if you're being transferred, ask
your relocation agent which moving companies their company recommends. Other employees of your
company who have preceded your relocation may also be able to suggest a reputable mover.
Large industry organizations such as American Moving and Storage Association have associate
members listed on their Web sites. These associate moving company members must agree to abide by
the terms of the organization's published tariffs and to participate in the Arbitration Program sponsored
by the organization, which may be positive for consumers. Although the AMSA doesn't recommend
movers, a list of members is posted on the site, along with helpful hints. The AMSA does suggest getting
several estimates in order to compare cost and range of services.
Consumer organizations such as the Better Business Bureau can give you additional insights. f the
company is registered through BBB, then you can find all relevant information from their corporate
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address, BBB rating, if there are any complaints against the company, the names of any and all
management, and any specific licensing that your state may require. Of course one of the many places
to start looking for your mover is the nternet. Online you can find and compare many moving companies'
services on their websites.
Comparing movers
When you compare price and service estimates from several moving companies, you will find that
estimates are based on the weight of your household items, the distance they will be moved, and the
amount of packing and other services you will require. Be sure to show the estimator every single item
that will be moved. Find out if your mover accepts credit cards, third-party payments from your company,
or whether the mover operates by cash only. Negotiations with your mover should include a clear
understanding of rates and charges that will apply, the mover's liability for your belongings, pick-up and
delivery schedules, and claims protection. For example, if you decide to pack some of your own things,
your mover will not be liable. f your estimate is binding, it will not cover non-itemized items. Non-binding
estimates are not guaranteed rates, and only cover the weight of your shipment, and the cost of the
moving services. An estimate still has to be performed before a mover will provide you with a binding
contract.
f you are moving interstate, you should read and understand all of the information you will receive. n
addition to brochures explaining their various services, moving companies should give you a copy of a
consumer booklet entitled "Your Rights and Responsibilities When You Move" and information regarding
the mover's participation in a Dispute Settlement Program. Distribution of the consumer booklet and the
requirement that movers must offer shippers neutral arbitration as a means of settling disputes that may
arise concerning loss or damage on household goods shipments are requirements of the Federal
Highway Administration (FHWA).
Be prepared
Even in the most well-planned moves, something can happen. nsurance is crucial. Check with your
homeowner's insurance carrier about coverage for your belongings while moving. Your mover will
provide either released value insurance (about $0.60 per pound of goods lost or damaged, according to
NAVL.com) or full replacement value, which you must sign for on your bill of lading. f you are not sure
how to estimate the value of your belongings for insurance purposes, your insurance carrier may provide
suggestions, such as $10,000 per room or half the value of the new home. tems of special value such as
heirlooms, paintings, or collectibles can be insured under separate riders. n the event of damage to an
item, file a claim immediately. Be sure to save the packing materials to show to the adjuster, should there
be any problems.
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FEATURES THAT SELL
According to the National Association of REALTORS latest profile of homebuyers and sellers, buyers
plan to occupy their homes for the next 10 years. They want homes that offer the room, flexibility and
comfort they anticipate they will need for a long time. Over three out of four buyers chose a detached
home, while attached homes - condos and townhomes - were favored by single homebuyers and buyers
without children.
Buyers Today
The median-sized existing home purchased in 2010 was built in 1990, with 1,780 square feet, three
bedrooms and two bathrooms. Size mattered most, while the home's condition came in a close second.
Buyers in multiple surveys expressed concerns over operating costs. They want energy-efficient
appliances, windows, water and operating systems. They're also carefully considered commuting costs
to jobs, schools and other destinations. Overall, they're buying smaller homes closer to the inner city.
A study by The National Association of Home Builders found that buyers are interested in saving on
square footage, but they want a gracious, but casual ambiance. t's likely that new homes by 2015 will
reflect buyers' preferences for maximizing square footage with smaller entries, dining rooms and living
rooms, and awarding that square footage to a greater-sized family room and eat-in kitchen.
Must Have Features:
A walk-in closet in the master bedroom
Separate tub and shower in the master bath
A separate laundry room
Ceiling fans
First-floor master
Two-car garage
nsulated front door
9-foot ceilings on first level
Buyers want homes that are sustainable and affordable, more than homes that are impressive to others.
For that reason, builders predict that homes of the future will continue to be smaller and more energy-
efficient, with far better space-planning, storage and utility than existing homes have today.
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NEGOTIATING WITH BUYERS
Sellers today have to do more to attract buyers and offers than ever before. When offers come in,
sometimes they are low or have conditions that have to be negotiated. As a seller, you can be proactive
before the offers come in to make sure negotiations are kept to a minimum and in your favor.
Negotiate by pIanning ahead
Before you begin negotiations with any buyer, make sure you have the upper hand by removing any
sticking points in advance.
Price your home to sell at or below current market comparables and you'll more likely receive serious
offers close to your asking price. Put your home in spotless move-in condition, with no visible repairs
needed. De-clutter your home, deep clean it, paint it and repair it, and keep it "show-ready every day it's
on the market. Get your home inspected so you know where issues are and can correct them before they
become negotiating points that cost you money.
Buyers respond well to fair pricing and a "model home appearance. Your buyer has less to negotiate,
and will more likely make an offer closer to asking price.
When the offer comes in
Buyers sometimes test sellers with low offers, but don't get upset or discouraged. f the offer is too low,
simply have your agent return the offer with a copy of recent comparables to show that your home is
priced fairly at current market value. They will get the message, and either come back with a reasonable
offer, or move on to another home. f the offer is low, but close to what you want, study the terms
carefully, adding up possible expenses such as paying the buyer's closing costs. Ask for the buyer's
reasoning behind the offer to give you insight into the buyer's mindset. Could the buyer be trying to buy
more house than he or she can afford? Could a change of financing help get closer to your price? Can
you afford to help with the buyer's closing costs if he or she will raise the offer price?
Before you agree, make sure the buyer is preapproved with a lender and working with a real estate
professional. Serious buyers have access to the same comparables as you do, so a buyer working with a
real estate professional is more likely to be preapproved by a lender and informed of current market
conditions. A full price offer doesn't mean negotiations are over. t could signal that the buyer intends to
negotiate a lot of repairs or refurbishing costs during the inspection period. Stay calm and reasonable.
If you've done your homework priced and prepared your home for the highest, best offer, your home
will sell at a fair price.
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ONLINE HOME VALUES AND YOUR HOME
Plenty of sellers have visited online home valuation sites such as Zillow, Trulia, eAppraisal, and others
only to be shocked at the value of their homes.
Most sellers are pleased when the values appear higher than they expected, but many online valuations
come in far lower.
OnIine VaIuations
Estimating a home's market value is far from an exact science. What these sites attempt to do is provide
greater transparency to homebuyers and sellers by making data derived from public records,
more.public. They publish what you paid for your home and how much you pay in taxes. Many have
satellite views so accurate they can spot your cat laying on the front porch.
How do they do it? Home valuation sites contract with major title companies such as First American to
obtain county tax roll data. All property is registered with the county for property taxing purposes. They
also find ways to become members of local multiple listing services, which are either subsidiaries of real
estate associations or owned by local real estate brokers. That way, they have access to listing data.
Between tax roll data and listing data, home valuation sites apply their own secret sauce, or algorithm to
come up with "zestimates or approximate values of what homes are worth.
Sometimes the results are spot on, but they can also be terribly inaccurate. First, transaction data has to
be recorded with the county, which could take weeks. But, what alters the algorithm most is that
properties not currently on the market are included in the data. The algorithms can't possibly show
whether or not a home has been updated, how well it's maintained, or esoteric values such as curb
appeal and views.
For that reason, online valuations should be used only as one of many tools to estimate a home's value.
Ask your reaI estate professionaI for their expert anaIysis
Ask your real estate professional for a comparative market analysis, or CMA. He or she can show you
the most recent listings and sold comparables, accurate to within hours or a few days at most
.
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CMAS VS APPRAISALS
Market VaIue
Establishing a home's market value is equally important to buyers, sellers, lenders and real estate
professionals so that transactions can proceed quickly and efficiently. A real estate professional may
prepare a comparative or comprehensive market analysis (CMA) for their sellers to help them choose a
listing price. The CMA includes recently sold homes and homes for sale in the seller's neighborhood that
are most similar to the seller's home in appearance, features, and general price range.
Home VaIue
Although the CMA is used to help determine current market value, it does not establish the seller's home
value. n fact, the seller's home is typically not even featured in the CMA. The CMA is merely a guide to
help the seller learn what's happening in their local market, so they can better understand where their
home fits in term of price ranges, based on location, features and condition. Once the home is listed on
the open market, a buyer makes an offer, usually based in part on a CMA the buyer's agent has
prepared. CMAs can help buyers better understand the local market as well as sellers. f the buyer is
receiving financing through a bank, the bank will order an appraisal. Unlike the CMA, a bank appraisal is
a professional determination of a home's value. t's performed by a licensed appraiser, using guidelines
established by the Federal Housing Finance Agency, which regulates federal housing loan guarantors
such as FHA, VA and housing loan purchasers Fannie Mae and Freddie Mac.
AppraisaI
An appraisal is a comprehensive look at a home's location, condition, and eligibility for federal
guarantees. For example, a home that doesn't meet safety requirements such as handrails on steps will
not be eligible for FHA or VA loans until the handrail is installed or repaired. Appraisers use the same
data in their market research to find comparable homes as REALTORS do. They are also members of
the MLS, but they also have additional guidelines from the bank to follow that minimize risk to the bank.
They may take off value for slow-moving markets, or markets with high rates of foreclosures. f prices are
falling, the appraiser takes the number of days a home has been on the market far more conservatively.
When the appraisal is finished, the bank makes the decision to fund the loan, or it may require the seller
to fix certain items and show proof that the repairs have been made before letting the loan proceed. f the
loan doesn't meet lending guidelines, the bank will decline the loan. Despite stricter lending and
appraisal standards, most buyers' loan applications go through to closing nearly 85 percent. One
reason for that is that real estate agents are preparing CMAs that are better tuned to lending standards,
for sellers and buyers to better understand not only what the market is doing, but how much lenders are
willing to finance.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
INTRO
CIoud CMA
THE VALUE OF YOUR HOME
n a neighborhood of similar homes, why is one worth more than another? That's the question that's
teased buyers and sellers for ages, but the answer is simple.
Every home is different.
When a home is sold, a willing seller and a willing buyer have just announced to the world the value of
that home. From there, other similar homes are benchmarked, but other factors come into play. The most
important are:
Location - The closer a home is to jobs, parks, transportation, schools, and community services, the
more desirable it is.
Size - Square footage impacts home values because they're built using more materials. Larger lot sizes
mean more privacy.
Number of bedrooms and baths - Over time, median homes have grown larger. Decades ago,
household members shared bedrooms and baths without complaint, but today, families want more
privacy. The median home purchased today is a three-bedroom, two-bath home.
Features and finishes - Features such as outdoor kitchens and spa baths make a home more luxurious.
A home finished with hardwood floors and granite countertops is going to cost more than a home with
carpet and laminate countertops.
Condition - The closer a home is to new construction, the more it will retain its value. t's perceived as
more modern, up to date, and perhaps safer. Homes that are not updated or in poor repair sell for less.
t's a good idea for homeowners to keep their homes updated and in top repair.
Curb appeaI - From the street, the home looks clean, fresh, and inviting. Fresh landscaping and flowers
won't change the size or location, but they certainly add charm.
When two homes are identical in the same neighborhood, a higher price may come down to something
as simple as views, or paint colors, or the overall taste of the homeowner.
Valuing a home will never be an exact science, but if you buy wisely, keep your home updated and in
good repair, you should recoup most if not all of your investment.
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
INTRO
Download this report (PDF)
What is this bar code?
This QR code makes it easy for you to
download this report to your smart phone.
1. Make sure your phone can scan a QR
code with its camera. f you don't already
have one, you can try http://cloudcma.com/qr
on your phone's browser to download an
app, or do a Google search for the model of
your phone along with the term "QR reader".
2. Now use that app to scan the QR code
above.
Harry Khara
Intero ReaI Estate Services
Mobile 510.366.8892
E-mail hkhara@interorealestate.com
Web www.HarryKhara.com
Facebook https://www.facebook.com/realtorharry
CIoud CMA
CONTACT ME
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com
INFO
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CLIENT TESTIMONIALS
Harry is great! My husband and were very surprised (and grateful!) at how well our house finding and
buying a house went. Harry helped to find what our family wanted and needed, was perfect on the price
range, and had us in the house quickly. have no idea how these negotiations go, but Harry must be
good at it, because we got, we can afford it, and we love it! As we went around looking at houses Harry
was straight forward about what repairs would need to be done immediately, in the future, what it would
cost, etc. He is very knowledgeable about the whole process. He was on time, and very responsive to all
our questions, calls, emails, and texts. He is very kind and easy to work with. Two thumbs up!
Sarah Wise
have known Harry for several years now. He is very professional, thorough and hard-working, and pays
attention to all necessary details. At the same time, he takes personal interest and provides genuine
guidance as if he were working on his own house. We have always felt free to entrust Harry with our
house keys when work was ongoing at our house. He handled everything very well. He is very patient
and takes the time to answer questions, explain all details, and do things the right way without cutting
any corners yet in a cost-efficient manner. He truly keeps the client's best interest at heart from the
beginning. am very happy to recommend Harry to anybody with real estate related needs.
Kant Patel
Buying a house for the first-time buyer is intimidating and overwhelming. Especially when you are picky
about what you want in a house, on a budget and there is limited inventory. My husband and were
looking to buy for over a year attending numerous open houses, going through two previous agents and
researching the East Bay extensively. We were pretty frustrated by the time we contacted Harry off a
referral from a co-worker. warned him was hard to please and would not settle; but he was confident
in his skill and knowledge to guide us to the perfect property. After looking at what seems like a million
houses in the span of a year, we knew when the right one came along. Once identified, the next difficult
task was the negotiations. Harry did his homework looking at comparables and talking with the listing
agent to come up with the offer that won us our perfect house. The actual purchase process was
smooth, he helped us with extra things to make the move in process easier (lining up cleaners and
changing all the door locks, etc) and continues to keep in contact and offer assistance long after his part
as an agent was over. He never pressured or pushed us into a house we weren't totally satisfied with
and yet achieved success in less than two months. We are so happy with the results and we owe it all to
Harry.
Kimberly Suekawa
Harry Khara | ntero Real Estate Services | Mobile: 510.366.8892 | hkhara@interorealestate.com |
www.HarryKhara.com

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