That Zillow 'zestimate' isn't worth losing any zzz's over. By now, chances are you've been to http://www.zillow.com and may have concluded that the "zestimate" of your home's value isn't — make that izn't — worth the time it took to type in its street address. "Insufficient data" was the bleak verdict from BusinessWeek Online of the much-ballyhooed and anticipated website, which purports to tell you how much your home is worth. In a place like Southern California — where it's not uncommon for nightly dinner-table conversation to start with, "How much do you think we could sell for today, honey?" — it would make sense that a website promising to track this vital information without a fee would be popular. And indeed the site — the brainchild of Expedia founder Richard Barton — bolted out of the starting gate even though a number of others, including Realtors and county assessors, have long offered the same basic information on the Web for free. But the zoom and zeal of Zillow-checking has faded faster than the introductory low rate on an adjustable mortgage. Less pleased are some of Zillow's visitors. The problem is that not all of the site's zestimates are based on complete or accurate information. "Zillow is intriguing, fun and free," said Don Kelly, vice president of the Appraisal Institute's public affairs office. "But free advice is often worth what you pay for it." Click here to read more.
Offers Made in Writing Are Always Best. Home purchase offers are complicated legal documents that include all the details of the sale--the personal property that's included and excluded, the closing date, the financing arrangement and the inspection conditions, to name a few. Buyers and sellers frequently have a counteroffer dialogue back and forth before they finalize the terms and conditions of their deal. Even though a seller may be negotiating with one buyer, this doesn't preclude him from entertaining offers from other buyers. Until the purchase contract and any counteroffers are accepted in writing by both the buyers and the sellers, the property is still available for sale. Click here to read more.
~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com
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