Guide to Negotiating Home Repairs with Sellers
Quick stats Over 60% of home buyers negotiate repairs with the seller before closing on a home purchase. The average cost to repair major issues found during a home inspection are $3,000-$5,000. 75% of home buyers go through a home inspection before purchasing a property. Buying a home is an exciting milestone, but addressing potential […]
How Redfin Works: Exploring its Innovative Real Estate Platform
Redfin, a vibrant splash of orange in the sea of traditional brick-and-mortar brokerages, is more than just another online real estate platform. It’s a revolution brewing, fueled by the belief that buying and selling homes shouldn’t feel like navigating a financial labyrinth. With technology as its compass, Redfin boldly redefines the real estate experience, aiming […]
Demystifying the Buyer’s Agent Fee
Quick Answer When purchasing a property, the buyer usually pays fees to their real estate agent for their assistance throughout the process. These fees are typically a percentage of the purchase price and are agreed upon between the buyer and agent at the start. However in many states. the proceeds are paid by the seller […]
Can I Trust Realtor.com’s Property Valuation Estimate
Quick Answer Realtor.com estimates are most accurate in markets with a high number of sales, with an accuracy rate of over 95%. The accuracy of Realtor.com estimates is higher in markets where the median home value is over $200,000, with an accuracy rate of over 90%. In markets with a median home value of less […]
The Science Behind Zillow’s Zestimate Accuracy
Quick Answer According to Zillow, the nationwide median error rate for the Zestimate for on-market homes is 2.4%, while the Zestimate for off-market homes has a median error rate of 7.49%. When it comes to buying or selling a home, one of the first things that often comes to mind is the price. Determining the value […]
What you need to know about Texas fence laws
Quick Answer In Texas, the general rule is that each neighbor is responsible for the cost of the fence that divides their properties. In some cases, a court may order a neighbor to pay for the cost of a fence if the neighbor has caused damage to the other neighbor’s property. If a fence is […]
Zillow’s “Active” Explained
Quick Facts The term “active” on real estate websites like Zillow usually refers to properties that are currently available for sale or rent. If a listing is marked as “active,” it means that the property is actively on the market and potential buyers or renters can inquire about it. Zillow has established itself as a […]
What is the Maximum Time for a House Under Contract
Quick Answer There is not set answer, but most houses are usually under contract between 45-60 days at most. Buying or selling a house is a complex process that involves numerous legal and financial considerations. One important aspect of this process is the contract, which outlines the terms and conditions of the sale. When a […]
Looking to Build a Tiny House? Find Out the Average Cost
What is a Tiny House A tiny house is a small, compact living space that typically ranges from 100 to 400 square feet. It is designed to provide all the necessary amenities and functionality of a traditional home but on a much smaller scale. The tiny house movement has gained significant popularity in recent years, […]
What Legal Rights Do Sellers Have with Earnest Money
When it comes to real estate transactions, one term that often comes up is “earnest money deposit.” But what exactly is an earnest money deposit, and why is it important? The Role of Earnest Money Deposits: An earnest money deposit serves as a form of security for both buyers and sellers. It demonstrates the buyer’s […]