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 […]
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 […]
Looking to Build a Tiny House? Find Out the Average Cost
What is a Tiny House A tiny house is a small, compact living area that typically ranges from one hundred to four hundred rectangular feet. It is designed to offer all the vital services and functionality of a conventional home but on a far smaller scale. The tiny residence movement has received great popularity in […]
What Legal Rights Do Sellers Have with Earnest Money
When dealing with real estate, one term that crops up is an “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 commitment to […]
What is a CMA in real estate and how is it used
Quick Answer A CMA stands for Comparative Market Analysis and is a report used to compare a property’s value to similar properties in the same area. A CMA is typically prepared by a real estate professional, such as a real estate agent or appraiser. The report includes information on the property being analyzed, as well […]
Common reasons why Houses Come Back on the Market
Quick Answer Houses can come back on the market for a variety of reasons, such as the seller not being able to find a buyer, the seller changing their mind, or the seller not being able to close on the sale. Another a house may come back on the market is that the buyer was […]
How Can an HOA Prevent You from Renting Your Home
Quick Answer Yes an HOA can prevent residents from renting out their house. Some HOAs may not allow rental properties in their community, while others may have restrictions on the number of rental properties allowed. Everything owners need to know will be in the bylaws. HOAs exist to ensure that their communities’ common areas are […]
Selling a House with Unpermitted Work: Tips and Tricks
Quick Facts According to the National Association of Realtors, approximately 10% of all homes have unpermitted work. According to the National Association of Realtors, the average cost to obtain permits for unpermitted work is $2,000. Nearly 15% of buyers would not consider purchasing a home with unpermitted work. What is Unpermitted Work Unpermitted work refers […]
Why Should You Consider Auctioning a House
Quick Facts Auctioned houses typically sell within an average of 30 days, compared to an average of 90 days for traditionally listed properties. Auctioned properties have an average acceptance rate of offers at around 95%, indicating higher buyer satisfaction with the purchase process. Auctions are becoming increasingly popular with homeowners, with an estimated 10% of […]
What is Landglide
Quick Facts LandGlide is a mobile app and website that allows users to access property line data for anywhere in the United States. The app uses a combination of aerial imagery and parcel boundary data to provide users with an interactive map of property lines. LandGlide also provides users with detailed information about the properties, […]