FAQ. ????
How accurate is zillow?
Zillow is an automated online system, as with any other online system it can have errors. the data they pull is from an algorithm and is not always correct. not only are their zestimates sometimes wrong but their listing information can be inaccurate or misleading. That is why we recommend using data straight from the mls-- which is where all secondary real estate websites pull their information from. You get it straight from the source!
What is a Zestimate? Zestimate Vs Market Value
Zestimates are zillows automated way of putting a value on a property with an automatic algorithm that is not monitored by zillow. market value is the true value of a home based on accurate data from the mls or tax records.
How Does my Realtor Get paid?
Realtors get paid at the close of an escrow by the seller at an agreed upon amount between the listing agent and the seller-- at no cost to you.
People have the notion that preforeclosures are like buying a home at an half off sale. that is not the case-- most of the time when someone is selling their home before it enters foreclosure they are doing everything to protect themselves financially. i.e. selling their home at market value. foreclosures on the other hand are sometimes listed below market value at what is called an auction-- at these auctions only all cash buyers can partake.
preforeclosures and foreclosure myths
Your investigation period is there to investigate the ins and outs of the home’s condition thoroughly with a professional inspector that you hire. They can tell you if the home’s utility and major systems are working properly, they find everything from a failing roof to a plumbing problem. Appraisers are hired by your lender to verify their investment in the home is safe. i.e. they make sure you are not over paying or the home which usually consists of a designated appraiser doing a simple walk through the home vs. testing and making sure things function as an inspector would do.