Monday, August 17, 2009

Zillow estimates are off by 34% for Dallas-Fort Worth-Arlington homes

They are within 5% of the actual sales price 15% of the time, within 10% of the actual sales price 27% of the time, and within 20% of the actual sales price 39% of the time. Good to know you still need a competent Realtor to find out what your home is really worth...

Here is a link to the page on Zillow...

http://www.zillow.com/howto/DataCoverageZestimateAccuracy.htm

Thursday, August 13, 2009

Dallas-Fort Worth real estate sales statistics have just been released


How is your city doing? Click on the image to see full size.

Friday, August 07, 2009

If you have an extra hour to kill...

Learn how to have a profitable RE/MAX office http://zannee.wordpress.com/2009/08/07/become-a-profitable-remax-notes/

New research explains recent appraisal problems

Recent upheavals in the appraisals arena and the new Home Valuation Code of Conduct (HVCC) are contributing to too many sales falling through the cracks.

According to National Association of REALTOR’s® (NAR) Appraisal Survey in June 2009, 37 percent of home buyers and sellers have experienced at least one lost sale as a result of the new HVCC. The report also pointed to:

•Higher Fees
•Lower Quality
•Longer Wait

See the full report at http://www.realtor.org/wps/wcm/connect/b83165804ef0b3338f18af2db4a1e62f/government_affairs_hvcc_research_results.pdf?MOD=AJPERES&CACHEID=b83165804ef0b3338f18af2db4a1e62f