Offer price (example)
Selling process
Average days to close transaction
Average days to prep and stage home
Average number of showings
Transaction costs
Mr. Cali average service charge
Average real Estate agent commission
Average seller concessions
Estimated termite repairs & overlap fees
Estimated request for repairs
Estimated cash before closing
Selling to Mr. Cali
6%
average service charge*
$350,000
Choose from 10-60 days
0 days
0 showings
6%
____
____
____
TBD
$338,500
Traditional home sale
6-11%
average costs*
$350,000
60 days
20 days
15 showings
__
6%
2%
1%
TBD
$331,400
June 2018 average Mr. Cali service charge. Charge varies for each property and can range from 6-15%.
* Cost and selling process estimates are based on internal and industry data for the markets in which Mr. Cali operates.
How Mr. Cali calculates your home’s value
For nearly all California home and property owners, their home is the most valuable asset they own, this being the case, Mr. Cali aims to give you a fair market offer. Once you enter in your home address to get your home value, Mr. Cali consultants and local Real Estate experts take into account all of the upgrades you have made to your home and the most current data, analytics and comparable homes that have sold in your neighbor-hood. The first step is to enter in your home address and verify your location. The next step is to tell us about your home along with any and all upgrades that have been made to your home and the over all condition. Mr. Cali consultants then take that information and couple it with a comparative market analysis (CMA), current market conditions and nearby sales to get the value of your home.
To get maximum accuracy what we do is take information that an appraiser or realtor would use in conducting an appraisal or a comparative market analysis (CMA) we then add in additional steps and data to get the exact value. If you decide to hire a Realestate agent to sell your home, they will present to you the comparable sales that have sold and give you a list price. The Realestate agent will then explain the marketing program that they will implement to attract buyers. Once your Real Estate Agent gets an offer from a buyer or a buyers agent and they have an offer with a mortgage and the buyers lender will request an appraiser to confirm the value of the home being purchased.
The home valuation process has 2 basic factors: Comparing your home to comparable sales in the neighborhood and making adjustments based on upgrades and over all condition.
Factor #1
Locating the recent comparable properties that have sold. This is where we get a baseline value as to what your home is worth. The objective is to find 3-7 homes that have sold in your neighborhood that have sold that are most similar to yours based on several different factors.
- A. Location – does your home have a view, unique placement, water front, busy street or special zoning? All of these factors are considered.
- B. features “of like kind”- Singles story, two story, year built, number of bedrooms, bathrooms, square footage and upgrades.
- C. Timing – Appraisers, realtors and any comparable market analysis look for recently sold homes. The more recent the sale the more accurate the comparable.
- D. Range – When it is possible we select homes that are closest to you that are in the same development, same builder with similar HOAs and Rules etc.
Factor #2
The bottom line is that there is no such thing as the two same homes, depending on the persons style , there is always going to be a difference in upgrades and home maintenance. This is where we make financial adjustments based on the home differences. The prime features we look for are the differences and upgrades made to the square-footage, number of bedrooms and bathrooms. We then take the features of your home and add or subtract differences based on the recent comparable sales.
For example: Lets say the only comparable sales in your neighborhood are 3 bed 2 bath homes and your home has 4 bedrooms and 3 bathrooms. We calculate what these homes would have sold for if they had the extra bedroom and bathrooms. Then we look for differences in the quality of the home, for example: has the homes yard been “landscaped” is it in a better location? What upgrades have been made? We then proceed to make dollar adjustments and comparing them to the homes that have sold within 3-7 months within your home track. Then we arrive at the adjusted market value and we can quickly compute how much the homes that sold for 3 bedrooms and 2 baths would of sold at if they were 4 bedrooms with 3 bathrooms. Then we get the average of all the comparable sales to arrive at the value of your home. When you receive your report, you will get an estimated home value chart that displays the value of your neighborhood over a particular time period. We collect all the data and analytics of how the home values have been performing on a city, county and state valuations. This valuation model will allow you to see how quickly homes in your neighborhood are increasing in value so we can also calculate the near future appreciation.
We also provide you with several data charts that also make it quick and easy to understand.
The data charts we give to you are:
- Median Estimated Home Value
- Sales and Financing Activity
- Average Price Adjustments
- Median Estimated Home Value vs. Median Listing Price
- Median Sales Price and Sales Volume
- Listing Inventory
- Price per Bedroom of Homes Sold
- Median Sales Price by Square Foot
- Price Range of Homes Sold
- Price per Square Foot of Homes Sold
- Age Range of Homes Sold
- Inventory of Distressed Listings
- Median Days on the market.
Get Instant Home Offer
Enter your home address and provide contact information.Get your instant home/ property value and receive your offer. One of Mr. Cali’s consultants will contact you to close on your schedule and get you paid in the matter of days.
Email: info@mrcali.com
Tel: 1 (909) 575-8792
