Remove Market Value Remove Real Estate Agent Remove Reference
article thumbnail

Savvy real estate agents look beyond ChatGPT

Housing Wire

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job?

article thumbnail

Selling your home to a family member in 5 easy steps

Housing Wire

However, an off-market transaction between family members requires careful planning and transparent communication to avoid misunderstandings and ensure a seamless process. Selling your home to a family member is called a controlled transaction, while selling your home on the open market is referred to as an arm’s length transaction.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Zillow: Over half of our iBuying inventory is on the move

Housing Wire

But the division produced a $421 million loss before taxes, and analysis from KeyBanc and industry analyst Mike DelPrete as well as anecdotes from real estate agents indicated Zillow paid more than market value for homes. .

Inventory 417
article thumbnail

Seattle’s already-hot real estate market is exploding

Housing Wire

The number of days on the market before an offer is accepted is usually six days, and everyone knows it’s going to sell above market value.” cities determined that Seattle is the top market for real estate agents to currently work in. . “That’s incredibly strong appreciation.

article thumbnail

Joint ventures between title firms and real estate companies are under the microscope

Housing Wire

First, certain disclosures must be made to the consumers who are being referred. And third, the only thing of value that the referring party may receive is a return on an ownership interest. “To qualify for the safe harbor, an affiliated-business arrangement must meet three statutory conditions,” the authors argue.

article thumbnail

Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

article thumbnail

Zillow to kill its iBuying program

Housing Wire

The prior announcement was stunning in its own right, and led to revelations that the company bought homes for well above market value, and re-listing homes for less than what they were bought for. The purchase has triggered a Federal Trade Commission inquiry regarding Zillow’s array of agent and consumer data.