The popular real estate website Zillow has served as a resource for sellers, buyers, and real estate agents to provide information about the market, trends, and individual properties. But despite the company’s forward-thinking algorithms and data collection tools, Zillow is now facing a lawsuit over their estimated market price calculator, known as the “Zestimate.”
The lawsuit, which alleges that the calculator serves as an unlicensed property appraisal and has had a negative impact on the real estate market due to its inaccurate estimates, highlights the difficulties of a non-expert in real estate markets when determining the value of a home. The same way Zillow doesn’t factor in a house’s condition or upgrades, a layperson looking to buy or sell a property can’t always tell how one property stacks up against others in the area beyond square footage and the number of rooms.
So how do you figure out the fair market value for a property? SetSchedule CEO and real estate investor Roy Dekel shares some advice and you can also read our article of the best tips on selling your home you can get.
Listing of the Day: A contemporary home with magnificent views from Behnaz Tabibian of Pinnacle Estate Properties
The Listing of the Day for June 2 is over at 5211 Darro Road Woodland Hills, CA. Provided by Pinnacle Estate Properties.
The magnificent views and the serene, secluded setting will make you fall in love with this brand-new home. This contemporary, multi-level home offers a spacious open floor plan with modern amenities, complete with an oversized balcony overlooking the entire city. Great for entertaining and family gatherings! The gourmet kitchen offers stainless steel appliances, quartz countertops, and an open bar. The spacious, light and bright master suite has its own walk-in closet, dual sink, and standing shower.
3 bedrooms, 3 baths, 2650 square feet. Listed for $1.15 million
We know you want to sell your house and you just don’t know how, right? That’s where we come in the picture, helping you with our tips on selling your home.
Experience: 10 years
Specializations: All things residential
Areas Served: South Orange County, CA
Q: What made you become interested in real estate?
A: I read a number of books and realized that real estate is one of the best assets that people can own.
Q: What was your favorite moment in your career so far?
A: I had a client of mine decide that they wanted to go and look at a foreign market I’m investing in. When I picked him up he asked why I had so many suitcases, I told him it’s because it’s hard to get certain things on the island. He asked, “we’re going to an island?”. Nice to have built so much trust that my clients will fly thousands of miles to look at property with me on faith and trust.
When you buy a new home, there are multiple documents that you need to be aware of. Of those documents, the title has to be the most important – this is something that will tell you all of the information that you need to know about the taxes, potential liens, and other conditions related to the property.
Although the paperwork involved with buying a home may make your head swim, it’s important to look over the title, at the very least, in detail. This will save you a lot of hassle in the long run.
These will show up as a primary lien on a home. They must be paid up before a house can be sold, however, as they are not transferable.