Explaining the Meaning of “Active Under Contract” Status
Definition of Active Under Contract When navigating the real estate market, it’s essential to understand the various terms and stages associated with a property’s status. One such term that often raises questions is “Active Under Contract.” We will explore the meaning of this real estate term, its significance for buyers, sellers, and real estate professionals, […]
Is Zillow’s Rent Estimate accurate
Quick Answer The short answers is sometimes it is accurate and sometimes it is not. Zillow pulls its information from various 3rd party resources and then compiles all the information into an algorithm. Zillow claims a median rate of 1.9% accuracy for on market homes. If you want the latest accurate info contact a realtor […]
Get up to Date on Septic tank inspections
Are you aware of what lurks beneath your property? But what’s underground could be a ticking time bomb, waiting to disrupt your blissful living. And for homeowners relying on these intricate networks, knowing the ins and outs of septic inspections is paramount. We will dive into what a septic system entails and why having a […]
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 […]
What is a Buyer’s Agent Fee and who Pays it
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 […]