Posts in category 'Buyers'

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Zillow's Inaccuracy Frustrates Consumers & Company CEO
So much so that Zillow has been accused of misleading and irresponsible home price estimates that have hurt both home buyers and sellers. Certain complaints have risen to the level of class-action lawsuits filed against Zillow in federal court. These court briefs outline that Zillow's Zestimates are consistently inaccurate by anywhere from 6% to 50%. In fact, in 2017 Zillow's CEO, Spencer Rascoff, sold his home in Seattle's Madison Park neighborhood for $1.05 million - 40% below his own Zillow Zestimate of $1.75 million. A 40% delta is...

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• It's amazing how many times a once-in-a-lifetime opportunity comes around. But here we are again with mortgage rates nearing historic lows.
  
  
• People who need to pay the most attention are the one-third (1/3) of homeowners who could currently benefit from refinancing. Not to mention buyers sitting on the sidelines deciding when is the right time to purchase a home.
  
  
• It's fairly unprecedented to have borrowers refinance in just 6 months, but the full percentage point rate drop sinc...

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Present & Evaluate Home Offers Like a Billion Dollar Procurement
Procurement is the process of buying goods, works or services. The U.S. federal government alone procures over $500 billion annually. A government, company or organization (client) wishing to obtain goods or services organizes a bidding process known as tendering. The underlying objective of the tender process is to ensure open and fair competition and produce the most value for the client. Interested bidders submit their offers to meet client requirements with the goal of winning the procurement. The client evaluates the offers and decides which bidder best suits its requirements while producing the most value. This is generally the process whether the client is the Department of Defense soliciting a multi-billion dollar contract to supply a new weapons system, or a private company soliciting general contractors to build a new manufacturing facility. The process is transparent, orderly, fair and one that produces the most client value.

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People are Competitive and So is Buying a Home
Competition is at the root of our evolutionary heritage. Competition is one of the most basic functions of nature. This was a well-studied subject in the 1800's by Charles Darwin, the father of natural selection. It can sure feel like survival of the fittest when helping a buyer compete in today's market among multiple offers for the home they want. Competition is a powerful instinctual drive in human nature and it permeates every level of our society, economy and world. We witness competition for food and survival in the animal kingdom. As children, we learn about competing in games and through sports. Children grow to become young adults who compete for class rank in high school and acceptance into universities and then after graduation for jobs. We compete for mates when preparing...

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