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July 17, 2012

Property Valuation: Don’t Pay for What You Don’t Need!

by terresteinbeck RODEO REALTY

Let’s see a show of hands – who knows the easiest way to overpay for something? Answer: Pouring out bucks for something you don’t need. It’s unbelievable – I see this misstep all the time in the world of L.A. real estate. But I no longer can stand by and watch you toss all that good ol’ U.S. currency on the garbage heap. So pay attention.  This dedicated Beverly Hills realtor is setting you straight and saving you bundles with –

The Three Ways to Value Your L.A. Property

  1. Appraisal – You know this one. Hire a licensed pro, get an opinion, and bang – you know what your property is worth in the marketplace. A great route to take, of course. But not always the right one. That’s because there are two others designed for particular situations.
  2. Broker Price Opinion (BPO) – Banks and other institutions order this service to assess short sales and the like. Typically carried out by a realtor with BPO training (but no appraisal license). Bear in mind, you’ll be needing a full-scale professional appraisal down the road.
  3. Comparative Market Analysis (CMA) – Your friendly ‘family’ realtor can field this one. Comes into play when a lawyer needs a property valuation for trust or probate purposes.  Like the best things in life, this is absolutely free!

OK, now that you have the lowdown on property valuation, be sure to opt for the one you need. I mean, do you really want to shell out those hard-earned greenbacks for an unnecessary appraisal? I don’t think so.

If you’d like more info about property valuation, feel free to contact me.  Or just fire your questions or comments into the box below. There’s always a vacancy.

And, of course, if you want to be connected to the latest info and opportunities in the Beverly Hills real estate market, I’m ready to make it happen.  Call or email today.

Back soon.

Terre Steinbeck

(310) 666-4094  DIRECT

(310) 724-7100   OFFICE

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