In December of 2015, Redfin rolled out its new Automated Valuation Model (AVM) tool, otherwise known as the “Redfin Estimate”, to compete with Zillow’s AVM tool, the “Zestimate”, plus others. It’s been over 10 years in the making, and Redfin wanted to get it right.
Buying, First Time Buyer, Luxury Market, Real Estate Broker, Selling, Real Estate Market Trends
If you are considering buying or selling a property, be prepared to see a FIRPTA Form included in the transaction. Established in 1980, FIRPTA stands for Foreign Investment in Real Property Tax Act, and authorizes the US to tax foreign persons on the sale of real property*.
These days, more than ever, “community” means different things to different people. Given the hectic schedules of both individuals and families, finding a way to stay connected in your community can be as challenging as ever. Here are just a few creative ways this blogger’s community members are managing to stay connected:
So, you want to buy a home and you’ve done all the right things in the right order. You’re pre-approved for a mortgage, you found a local real estate broker, and together you have made a coordinated effort to employ all available options to find the perfect home: A comprehensive online search, exhaustive neighborhood research, open house tours every weekend, private showings, and you’ve finally found THE ONE! Now all you need to do is open the Purchase & Sale Agreement that your broker sent via email, choose a cool font for your electronic signature, click through the contract where it tells you to sign…SO SLICK!...takes just a few minutes and it’s all done! As soon as the sellers sign you’ve bought yourself a house!
If you are contemplating selling a home, keep in mind that a licensed Realtor must put the interests of her client(s) above all other interests, including her own. Please take the time to carefully choose whom you bring into the process with you; it may very well impact your bottom line. Over time, when the deal is done and you’ve moved on, you may forget the details that impacted the transaction, but you will not forget how you felt along the way.