Tech Bytes: News from Zillow, TrustFunds, Planitar, Revive
Real Estate News
MAY 17, 2024
Zillow launches BuyAbility tool; Bright MLS teaming up with TrustFunds; Planitar adds interactive Lead Magnet to 3D tours; Revive shows value of renovation.
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Real Estate News
MAY 17, 2024
Zillow launches BuyAbility tool; Bright MLS teaming up with TrustFunds; Planitar adds interactive Lead Magnet to 3D tours; Revive shows value of renovation.
Housing Wire
SEPTEMBER 8, 2023
This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. It also uses Revive’s recommendation engine to offer renovation estimates supported by local contractors.
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Realty Biz
SEPTEMBER 11, 2023
Introducing Revive Vision AI, a cutting-edge pre-sale home renovation solution by Revive. This innovative tool uses property photos to evaluate a property's current value and renovation possibilities. Revive Vision AI" from Revive is an advanced pre-sale home renovation solution.
Housing Wire
AUGUST 22, 2022
“Our mission is to help homeowners unlock their home equity to better manage their finances – whether it’s for home renovations, paying for tuition, debt consolidation, or other events to support your family and life’s great adventures,” Schacknies said in a social media post. Schacknies stepped down.
Housing Wire
JULY 7, 2023
With existing homeowners disincentivized to sell and few homes on the market, consumers may decide to renovate their own home instead of trading up with a new-home purchase, increasing demand for construction workers, economists said.
HomeLight
JULY 23, 2021
One term you’ll likely hear often during the homebuying process is “MLS,” which stands for multiple listing service. The MLS is a real estate database of all the homes in your area that are currently for sale, pending sale, or have recently been sold, and so much more. Will a house with an offer on it be removed from the MLS?
Housing Wire
JUNE 30, 2021
The first resource is its newly renovated Broker Portal that brings the power of its proprietary H2O origination system together with an elegant interface to highlight next steps, critical tasks and key contacts. Caliber Reconnect includes MLS Trigger that alerts brokers when a shared borrower’s property has been listed for sale on MLS.
Housing Wire
MAY 11, 2021
For example, a newly renovated home that has a gourmet kitchen and an updated bathroom may be valued more highly than a similar home that possesses only above-average amenities and is in average condition. . Many factors contribute to the process of determining the value of a residential property. Realtor Comments Hold Vital Info.
GeekEstate
SEPTEMBER 27, 2021
RealStaq provides the systems and data building blocks required to develop and sustain scalable home shopping, renovating, and mortgage financing experiences. It licenses APIs that enable standardized compliant display of MLS data nationwide with 100% cross-referencing to all tax recorder, assessor and dozens of other relevant data sets.
The Close
FEBRUARY 14, 2024
After all, a new listing on the MLS gets the most attention in the first week. Selling a home is the same—it’s not just a sign in the yard and a posting on the MLS. Investments & Improvements Myth #6: Major Renovations Guarantee a Return on Investment Home tastes and styles change. Then interest starts to taper off.
Housing Wire
FEBRUARY 8, 2022
In 2021, McCormick resold two renovated properties that she originally purchased at foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Most of the renovated foreclosure resales came from local community developers like McCormick who sell a handful of renovated foreclosures a year in communities they care about. “I
Realty Biz
DECEMBER 1, 2022
For the most part, CMAs are completed by real estate agents, who have the ability to use MLS data to find the best properties to compare. That said, if you decide to do so, bear in mind that the information you receive may not be as up-to-date as the data that your local MLS can provide.
Housing Wire
FEBRUARY 24, 2021
Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS. HousingWire: What role has the increase in technology played for both businesses and consumers in the real estate space? HW: How has the financial industry’s response to COVID accelerated the need for digital tools?
Realty Biz
FEBRUARY 13, 2023
Finding a buyer for a home not featured in the MLS requires more work from the real estate agent and used to be very unusual. In 2020, the National Association of Realtors released the MLS Statement 8.0 Clear Cooperation Policy, requiring Realtors to list homes in the MLS within one business day. Statement 8.0
RIS Media
MARCH 13, 2024
Schwalb announced the filing of a lawsuit against Curbio, a national pre-sale home renovation platform, for allegedly taking part in a scheme targeting the elderly and financially disadvantaged. Late last year, Washington, D.C. Attorney General (AG) Brian L.
Fancy Pants Homes
APRIL 4, 2022
Photo credit: MLS. Photo credit: MLS. The property was originally built in the 1960s and has already undergone several renovations to modernize its midcentury style, although much of its original form and architecture was preserved. Photo credit: MLS. Photo credit: MLS. Photo credit: MLS. Photo credit: MLS.
Realty Biz
JUNE 6, 2023
Feature Unique Selling Points Highlight unique aspects of the home, such as historical elements, eco-friendly features, or recent renovations. MLS Listing Ensure your property is listed on the Multiple Listing Service (MLS) to reach other real estate agents and potential buyers.
Realty Biz
NOVEMBER 1, 2023
That’s the price of a new kitchen renovation or the hand-scraped hardwood floors I want to put into the house!” Access to the MLS When you hold your own realtor’s license you do have access to the local MLS (Multiple Listing Service). There are some exclusive listings on the MLS still. would get the other 3%.
GeekEstate
AUGUST 11, 2022
Using artificial intelligence and computer vision to convert everyday real estate photos into treasure troves of data, FoxyAI’s suite of AI-powered real estate tools, all available through an API, compute quality and condition, renovation costs, and detect objects and materials. Founded: 2018. Total funding: $2 million. Team size: 15-20.
Easy Agent Pro
FEBRUARY 22, 2022
Buying fixer homes – How will they pay for the renovations? FHA’s 203(k) program , Fannie Mae’s HomeStyle Renovation Loan and Freddie Mac’s CHOICERenovation loan, for instance, offer one loan to cover the purchase of the home and the renovations required. Fixer upper. Bring all offers.
McKissock
APRIL 27, 2021
Multiple Listing Service (MLS) or public databases. For example, if appraising a working farm, the local MLS is unlikely to be the best source of data, but it may be an excellent data source for a tract home located in a subdivision for a hybrid appraisal. State or County Department of Environmental Quality. Board of Realtors®.
The Residential Specialist
MAY 3, 2022
Going through the renovation process helped Young understand the questions some of his clients have about making energy improvements. His local MLS recently added more fields to list energy-efficient features. MLS Goes Green. Agents used the data fields for different types of information, when offered by the MLS.
Windemere Selling
AUGUST 9, 2023
They’ll use their access to the Multiple Listing Service (MLS) to perform a thorough Comparative Market Analysis (CMA) of your home to make sure you get the best price while factoring in your local market conditions. Economic changes also play a role in the timing of your home sale. For example, buying activity may dip locally in the winter.
HomeLight
FEBRUARY 27, 2021
Include photos of high-ticket items like a new roof, updated electrical, or a renovated kitchen with accompanying text providing details. If you plan to go the traditional route and list your home on the MLS with the help of an agent, you’ll be in the large majority of sellers. You can still list on the MLS.
HomeLight
JANUARY 22, 2024
“One of the biggest reasons is people have money in equity in their home, but they don’t have much money in regards to savings to be able to renovate the property,” says Megel. “So, This oftentimes will have to do with unique circumstances that don’t really lend themselves to renovating a property for sale.
Realtor.com
NOVEMBER 8, 2022
Getty Images / Compass / MLS via Realtor.com If you’re changing jobs, it sometimes makes sense to move as well. Custom oak flooring, elegant archways between rooms, and floor-to-ceiling windows complete the stylish gut renovation that the Emmy winner undertook. He also converted one of the bedrooms into a screening room.
Sotheby's International Real Estate
FEBRUARY 19, 2021
million, making it one of the top-three most expensive listings in the area, according to the Vail MLS. $33 Fully Renovated Modern Home in Atlanta’s Historic Brookhaven Neighborhood – Mansion Global. A nearly 12,000-square-foot ski chalet in Vail, Colorado, hit the market this week for $32.95
Realty Biz
APRIL 19, 2024
Only they have access to real estate comps, MLS listings, and local market trends that can help you buy, rent, sell, or invest in residential, commercial, or industrial real estate. As a result, builders and renovators sweat. How did US home prices change in the last couple of years?
Realty Biz
DECEMBER 2, 2020
These are the most essential information that sellers should always disclose: Safety hazards Death in the home Repair and renovation history Neighborhood nuisances Missing items Water damage HOA information. Navigating In A Non-Disclosure State Using MLS. Thus, if you’re a homebuyer, make sure not to waive your inspection rights.
The Close
SEPTEMBER 22, 2022
Start by searching the MLS as if you were a buyer’s agent looking for a similar home for your buyer. When I searched my MLS for “ Golf Course Communities ,” my listing didn’t show up. When I searched my MLS for “ Golf Course Communities ,” my listing didn’t show up. Is your listing even showing up in the search?
The Close
FEBRUARY 20, 2024
I know it’s hard to imagine, but consider putting in your buyer’s specific criteria (three bedrooms, a detached garage, and pool) and the MLS returning over a dozen listings in a neighborhood. It’s easy to sketch out an area in the MLS and do some quick napkin math to find out the months of inventory. The first would be your local MLS.
The Close
DECEMBER 1, 2022
Renovations or major changes since the last time the home was sold. DON’T FORGET: You can get a lot of this information from the MLS (from previous times your subject property has been listed), from tax records and county/township websites, and most importantly, from the owner of the property. Acreage (if privately owned). Year built.
Realty Biz
JULY 21, 2021
This allows them to show you the home and bid on it before it hits the MLS. For example, you should make it clear if you want a move-in ready home or will reject any property that requires significant renovations to be suitable. Now you can choose the ideal offer, whether it is a higher price or faster closing date.
Realtor.com
NOVEMBER 9, 2022
MLS via Realtor.com A spectacular midcentury modern marvel designed by architect Erich Gnant is available in Brookfield, WI , for $1,190,000. The couple’s daughter now lives in the home and has taken cues from her father’s sensibilities when it comes to renovations. ” Gnant and his wife have since passed away.
Realtor.com
NOVEMBER 8, 2022
MLS via Realtor.com When Brad Jobe and Brian Ford took on a Tulsa, OK, home flip, they knew it would be no small task. “It After renovating the home inside and out, they listed it for $2,675,000 with Blake Loveless of Walter & Associates. It was pretty much a wreck,” says Jobe, a furniture maker. “It
McKissock
AUGUST 14, 2020
In other words, a data source such as the MLS may require certain data points such as site size to be entered in a consistent and specific data format. Is the data source known to be typically correct, factual, consistent, and precise? Is the data required to be entered in a uniform format? Illustration.
HomeLight
MARCH 30, 2022
Investors making a cash offer are more likely to purchase a house as-is , so you can cut costs for renovations , staging , and curb appeal projects. You’ll avoid the inconvenience of showings, open houses, and renovations. Kurzner suggests checking the MLS to find fixer-uppers for sale in your area.
Realtor.com
NOVEMBER 11, 2022
MLS via Realtor.com You know what they say: What happens in Vegas eventually finds its way to Palm Springs, CA. In 2016, the current owners bought the five-bedroom place for $3,499,000 and began a five-year renovation that took the home down to the studs and added many modern conveniences. Err, close enough, right? Listed for $11.8
HomeLight
JANUARY 27, 2023
Each of these online sites will claim the listings are as up-to-date and accurate as sites like Redfin and Realtor.com, both of which are actually linked to the Multiple Listing Service (MLS). Study the MLS Only a licensed real estate agent can access the multiple listing service or MLS. Is the MLS trustworthy?
Toronto Realty Blog
SEPTEMBER 25, 2023
The Toronto board wasn’t established until 1920, and the cooperative board system, that we know today as MLS (Multiple Listing Service), wasn’t established until 1962. Organized real estate in Canada is almost as old as the country itself with the very first real estate board set up in 1888 in the growing community of Vancouver.
Realty Biz
FEBRUARY 25, 2022
DOM starts when the house is listed for sale on the MLS (brokers’ multiple listing services). Repairs and renovation: You can always make your house more attractive for buyers. Be it a bigger or a smaller budget, some repairing and renovation works will attract more interest towards your property. DOM on The Real Estate Market.
Toronto Realty Blog
FEBRUARY 13, 2023
MLS has a tool for “favourite listings” and while many agents will click the star next to a property because they’re watching it for a buyer client, or they’re using it as a comparable for a potential seller, many agents will favourite listings that are complete train wrecks so they know how the story ends.
McKissock
JANUARY 31, 2023
” The importance of providing accurate and detailed info “Appraisers rely heavily on the MLS for research, so please enter listing information accurately and thoroughly.” ” CE course: Residential Property Measurement and ANSI Z765 How renovations and upgrades affect value “Adjustments before and after remodeling.”
Broke Agent Media
FEBRUARY 21, 2023
Let’s say, for example, you use the square footage for a property that was on a previous MLS listing—or it was given to you by the seller. To avoid this, make sure anything you put out there to promote your client’s property is 100% truthful and leaves no room for misinterpretation. If this turns out to be inaccurate, you are responsible.
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