Amazing Real Estate Valuation Site

[ElectricSavant]

6% of 500k is a lot of time!!!!!

you ought to be ashamed!



If you think your time is more valuable than doing it yourself hire the them if not do it yourself.

 

[marketsurfer]

Quote from ElectricSavant:

6% of 500k is a lot of time!!!!!

you ought to be ashamed!



If you think your time is more valuable than doing it yourself hire the them if not do it yourself.

savant,

what you guys are missing, is often, a competent real estate agent can get you more than 6% more for your home then you can on your own..... hence the 6% is sometimes worth it. not to mention a faster sale, generally.

surfer

 

[ElectricSavant]

surf,

this is like saying that a full service broker can execute better for you!

Quote from marketsurfer:

savant,

what you guys are missing, is often, a competent real estate agent can get you more than 6% more for your home then you can on your own..... hence the 6% is sometimes worth it. not to mention a faster sale, generally.

surfer

 

[Lights]

problem with the site is it seems to show value based on what it was assessed at most recent purchase. so a property that has been owned for 10 years won't be accurate.

Quote from The Kin:

http://zillow.com/

 

[marketsurfer]

Quote from ElectricSavant:

surf,

this is like saying that a full service broker can execute better for you!

well, in some cases, they can--depending on the market.

but, thats a bad analogy---realestate is a relationship business. if you dont have the relationships, you need to hire and pay someone who does--- in most cases.

surf

 

[ElectricSavant]

But surf...30 k is a lot for an object. Maybe 1 or 2% ....but 30k?????

just to get in the multiples and have some middle age housewife pretend to be a pro...

Quote from marketsurfer:

well, in some cases, they can--depending on the market.

but, thats a bad analogy---realestate is a relationship business. if you dont have the relationships, you need to hire and pay someone who does--- in most cases.

surf

 

[marketsurfer]

Quote from ElectricSavant:

But surf...30 k is a lot for an object. Maybe 1 or 2% ....but 30k?????

just to get in the multiples and have some middle age housewife pretend to be a pro...

yeah, i agree. unless you are hiring a real professional who can get you more than what you are paying in commission and sell faster.

by the way, i dont believe there is such a thing as "obscene profits" its all relative.

surfer

 

[Banjo]

Time to morph this thread:


http://www.hud.gov/homes/homesforsale.cfm

all the houses gov agencies are selling including IRS and customs.

 

[BricksandMortar]

I need to comment on this one. First off there is no possible way to accurately evaluate a house online. There is too mush involved. Everything from the tax records being inaccurate to the condition of the house. The other thing is you don’t know is the houses that sold had seller giving cash back at closing or paying for other thing that will change the houses value. That’s why a bank needs an appraisal otherwise they use a site similar to this one and it is VERY CONSERTIVE in valuation.

I noticed a few people said that now they could save the commission. Saving the commission is not the best thing. On average and this is from NAR stats, homes that were sold by Realtors get between 9% 15% more. I know this because I am a Real Estate broker. As someone who flips houses, I clean out For Sale By Owners who want to save the commission. I get them down on price when they are desperate and then nail them with every legal clause in the contract to make them give me more equity! What amazes me is I must always disclose on the contract “I am a broker” (hint) and people just say OK where do I sign. People who are cheap end up paying the most! Another fact, only 10% of for sale by owners actually sell there home. One last thing when using a Realtor and a broker’s escrow account to hold money the state protects both parties. If you go at it on your own and use an escrow company or lawyer you only options are to sue each other and watch the lawyer make the money litigating! At least that is the way it is in Florida.

 

[ElectricSavant]

Any state that begins with the letter F, I am not interested in....and you sir I would not give even 1% to...The minute I saw Broker in the disclosure the deal would be off! They should run you folks with the RE Broker designation out on the rail you came in on...

Quote from BricksandMortar:

I need to comment on this one. First off there is no possible way to accurately evaluate a house online. There is too mush involved. Everything from the tax records being inaccurate to the condition of the house. The other thing is you don’t know is the houses that sold had seller giving cash back at closing or paying for other thing that will change the houses value. That’s why a bank needs an appraisal otherwise they use a site similar to this one and it is VERY CONSERTIVE in valuation.

I noticed a few people said that now they could save the commission. Saving the commission is not the best thing. On average and this is from NAR stats, homes that were sold by Realtors get between 9% 15% more. I know this because I am a Real Estate broker. As someone who flips houses, I clean out For Sale By Owners who want to save the commission. I get them down on price when they are desperate and then nail them with every legal clause in the contract to make them give me more equity! What amazes me is I must always disclose on the contract “I am a broker” (hint) and people just say OK where do I sign. People who are cheap end up paying the most! Another fact, only 10% of for sale by owners actually sell there home. One last thing when using a Realtor and a broker’s escrow account to hold money the state protects both parties. If you go at it on your own and use an escrow company or lawyer you only options are to sue each other and watch the lawyer make the money litigating! At least that is the way it is in Florida.