| Welcome to my web site. |
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Whether you are just browsing, or have specific real estate needs, I hope you find the tools and content here helpful.
Please take your time to look around, and I sincerely hope to hear from you, or answer any questions you have regarding real estate in the Bay Area.
Sincerely,
Faye Weng |
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Tenant suffers damages in plumbing remodel
Thu, 28 Aug 08 00:00:00 -0700 |
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Homeowners, is your estate planning in order?
Thu, 28 Aug 08 00:00:00 -0700 |
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Employer willing to buy out tenant's lease
Thu, 28 Aug 08 00:00:00 -0700 |
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Get rid of 'buyer's block'
Thu, 28 Aug 08 00:00:00 -0700 |
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Eliminate heat loss through floors
Wed, 27 Aug 08 00:00:00 -0700 |
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Refi canceled after surprise changes
Wed, 27 Aug 08 00:00:00 -0700 |
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Don't rely on agent's choice for loan, title services
Wed, 27 Aug 08 00:00:00 -0700 |
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Home inspection nightmare: Attic access denied
Tue, 26 Aug 08 00:00:00 -0700 |
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Better choice: fund IRA or pay down mortgage?
Tue, 26 Aug 08 00:00:00 -0700 |
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Not married? Buy home as tenants in common
Mon, 25 Aug 08 00:00:00 -0700 |
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Why do most lenders sell their mortgages?
Mon, 25 Aug 08 00:00:00 -0700 |
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Must I contract with agent showing open house?
Mon, 25 Aug 08 00:00:00 -0700 |
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| I am a realtor who believes in continuous education, and I am committed to perfecting my services. Here are some of the on-going awards and designations I’ve earned: |
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| Browse Blogs |
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Seller FAQ |
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Appraisals & Market Value |
 How
is a home's value determined?
What is
the difference between market value and appraised
value?
What standards
do appraisers use to estimate value?
What's a house
worth? |
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Question: How
is a home's value determined?
Answer: You have several
ways to determine the value of a home.
An appraisal is a professional estimate of a property's market value, based
on recent sales of comparable properties, location, square footage and
construction quality. This service varies in cost depending on the price
of the home. On average, an appraisal costs about $300 for a $250,000 house.
A comparative market analysis is an informal estimate of market value performed
by a real estate agent based on similar sales and property attributes.
Most agents offer free analyses in the hopes of winning your business.
You also can get a comparable sales report for a fee from private companies
that specialize in real estate data or find comparable sales information
available on various real estate Internet sites. |
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 Back to top |
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Question: What
is the difference between market value and appraised
value?
Answer: The appraised
value of a house is a certified appraiser's opinion of the worth
of a home at a given point in time. Lenders require appraisals
as part of the loan application process; fees range from $200 to
$300.
Market value is what price the house will bring at a given point in time.
A comparative market analysis is an informal estimate of market value,
based on sales of comparable properties, performed by a real estate agent
or broker. Either an appraisal or a comparative market analysis is the
most accurate way to determine what your home is worth. |
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Back to top |
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Question: What
standards do appraisers use to estimate value?
Answer: Appraisers use
several factors when estimating a home's value, including the home's
size and square footage, the condition of the home and neighborhood,
comparable local sales, any pertinent historical information, sales
performance and indices that forecast future value. For detailed
information on appraisal standards, visit the
Appraisal Institute website |
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Back to top |
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Question: What's
a house worth?
Answer: A home ultimately
is worth what someone will pay for it. Everything else is an estimate
of value. To determine a property's value, most people turn to
either an appraisal or a comparative market analysis.
An appraisal is a certified appraiser's estimate of the value of a home
at a given point in time. Appraisers consider square footage, construction
quality, design, floor plan, neighborhood and availability of transportation,
shopping and schools. Appraisers also take lot size, topography, view and
landscaping into account. Most appraisals cost about $300.
A comparative market analysis is a real estate broker's or agent's informal
estimate of a home's market value, based on sales of comparable homes in
a neighborhood. Most agents will give you a comparative market analysis
for free.
You can do your own cost comparison by looking up recent sales of comparable
properties in public records. These records are available at local recorder
or assessor offices, through private real estate information companies
or on the Internet. |
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HOME VALUATION |
| Monitor the value of your property, get an
idea of what your home is worth today. |
 Contact
Faye Today |
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LETTERS FROM CLIENTS |
| Nothing makes me more proud and satisfied
to know that I've served my clients well. |
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All |
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FEATURED PROPERTIES |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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N/A |
| Asking Price |
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$549,000 |
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| Virtual Tour |
| Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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1,434 |
| Asking Price |
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$698,500 |
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| Virtual Tour |
| Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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1,024 |
| Asking Price |
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$486,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2 |
| Sq ft |
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1213 |
| Asking Price |
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$535,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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3/2.5 |
| Sq ft |
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1312 |
| Asking Price |
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$775,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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Redwood City |
| Bed/Bath |
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5/3 |
| Sq ft |
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N/A |
| Asking Price |
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$1,399,950 |
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Virtual Tour |
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Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/2.5 |
| Sq ft |
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1,254 |
| Asking Price |
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$750,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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San Mateo |
| Bed/Bath |
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2/1 |
| Sq ft |
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1,130 |
| Asking Price |
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$935,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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Redwood City |
| Bed/Bath |
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4/3.5 |
| Sq ft |
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2,951 |
| Asking Price |
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$1,626,000 |
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Virtual Tour |
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Contact Faye |
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| City |
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S. San Francisco |
| Bed/Bath |
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4/.3.5 |
| Sq ft |
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2,783 |
| Asking Price |
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$1,275,000 |
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Virtual Tour |
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Contact Faye |
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