Why online home value estimators aren’t reliable

Whether you’re looking to buy, sell or refinance a home or are simply curious about its value, online home value estimators are popular tools. Also known as automated valuation models (AVMs), they include services such as Zillow Zestimate and Redfin Estimate. AVMs work by using available data about a property to calculate a home value ...

Who needs your address when you move

When moving to a new home, an important step is to provide your new address to everyone who needs it. However, remembering every person, company and institution that needs to know your address can be a challenge — especially when you’re in the middle of a move. While your exact list of necessary contacts may ...

4 ways homebuyers can solve appraisal gaps

Before you can get a mortgage to buy a home, your lender’s appraiser typically must agree that the home is worth at least as much as the sales price. If the home appraisal value comes up short, a situation called an appraisal gap is created, and you won’t be able to secure your loan for ...

Why more homebuyers are bidding above asking price

Buying a home has traditionally involved negotiating the sale price down from the seller’s asking price. Recently, however, the opposite has become common. Thanks to the hot real estate market, as many as half of all home sales now close for more than asking price. Here’s why this is occurring and how you can decide ...

Why waiting to buy a home could cost you more

If you’re thinking about buying a home, should you buy sooner or later? Home prices are predicted to rise by 11% in 2022, and mortgage rates are expected to increase to 4%. That means if you wait to buy, it could cost you a lot more.

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