I just wanted to thank all of you that have endorsed me on LinkedIn in the past. I am almost at 99+ for all Top 10 Skills and 59 written Recommendations from you guys on my LinkedIn profile. THANK YOU! http://www.linkedin.com/pub/robert-adams-real-estate-broker-in-nv-ri-ma/2a/971/a93/
Zillow's Zestimates are known for their inaccurate quotes. The problem is zillow gets data fed to it by other sites like MLS, tax records, assessors, government sites, etc. However receiving second hand data causes a time delay in increased or decrease values if it calculates it at all. If a property never reflects that it sold on Zillow then the Zestimate will not calculate that new value.
The best way to get a homes value is to contact a few agents and have them prepare you a free Comparative Market Analysis (CMA). It is free and it will reflect the most recent sales. The agents can also look and see what properties are in contingent and pending status meaning they are in escrow. Often times the agent can contact those listing agents as well to find out a ballpark value as to where those properties will close. This helps predict which direction the neighborhood values are moving in.
I recommend using an agent to get you the homes value as well as if you want to do a home search. A ton of homes on Zillow and other similar sites are listed as available for sale but are not. In fact there are some that have close 6 months ago that are still listed as available. You can get set up on a direct feed from the MLS through your agent and they will send you homes that only match your criteria the second they become available. This data remains first hand data straight from the source and this data is up to date because agents will get fined by NAR if their data is left inaccurate. Zillow and other similar sites are not held to this standard.
Most consumers are unaware of all of these factors. To top it all off the seller pays the agents commissions so if you are a buyer you get professional representation and accurate/timely data for free (sorry seller's but you pay the fees).
I hope this is helpful.
Get you FREE Comparative Market Analysis (CMA) from Robert Adams at Sankey Real Estate HERE.
Posted JULY 25, 2014 by DAN GREEN READ THE FULL ARTICLE HERE:
"...Along with ultra-low FHA mortgage rates which rival those from Fannie Mae and Freddie Mac, FHA loans are attractive because they offer a minimum downpayment requirement of just 3.5 percent -- the lowest of all widely-available loan programs.And now, a new Federal Housing Administration program -- the Homeowners Armed with Knowledge program -- is expected to add to the program's allure.
Via FHA HAWK, first-time home buyers will get access to reduced mortgage insurance premiums (MIP) at closing and, after 18 months of payments, will earn an MIP reduction which lasts the life of their loan...."
If you need a reputable lender to explain all of your financing options, please shoot me an email and I will reply with the contact info of the lenders we work with all the time. they are very knowledgeable and honest. they can walk you through all of your financing options. I look forward to hearing from you!
According to BUYUSDA.com "USDA mortgages are the only no money down home purchase program available to borrowers who have not served in the military."
Here is a map showing highlighted ineligible USDA areas:
I received 2 emails from the CEO of Trulia and the CEO of Zillow as seen below. I have read that the merger is to be finalized in 2015, pending regulatory approval and the approval of the shareholders.
"The real story to me here is how did Move Inc (the operators of Realtor.com) fall asleep at the wheel and allow 2 third party websites that have a ton of inaccurate data surpass Realtor.com who has the most updated/accurate data. There were rumors of Trulia trying to acquire Move Inc prior to this Zillow/Trulia merger. The marketing team at Move Inc needs to step up their game if is not already too late." ~ Robert Adams
Sankey Real Estate
PO Box 550 • North Attleboro, MA 02761
PO Box 550 • North Attleboro, MA 02761