In the real estate industry, a pocket listing is an exclusive real estate listing that’s not available to the general public. In standard home sales, properties are posted on the multiple listing service (MLS), which is the official database that real estate agents use to find and provide ...
“Also, some real estate agents may steer clients away from certain neighborhoods based on their racial makeup.” This practice, known as steering, is also now illegal. Bias also impacts the home appraisal industry. Because home appraisals look at past property value trends in neighborhoods, ...
MLS stands for multiple listing service, the platform that real estate agents use to list properties for sale and find homes for buyers.
How virtual staging may help your listing There are several key benefits that virtual house staging can provide: Screen appeal: Virtual staging is first and foremost to make the house look as good as it possibly can so that it pops onscreen. Giving buyers a vision: Staging helps buyers pictu...
When you sell your home with a real estate agent, one of the first things that will happen is that information about your home will be posted on a multiple listing service (MLS), which is a network of databases real estate agents use to find information about homes on the market in thei...
comps have been sold in the last 90 to 120 days—that’s long enough to give you a broad view of how the local market is performing without going too far back in time. You can find comps on the Multiple Listing Service (MLS). But if you’re not a real estate agent, you can also...
Understanding the Multiple Listing Service (MLS) and its various statuses is crucial for real estate professionals to make informed decisions and stay updated on market trends. Each MLS status represents a different stage in the transaction.
What is LTV in real estate? Loan-to-value(LTV) ratio is a number lenders use to determine how much risk they're taking on with a secured loan. It measures the relationship between the loan amount and the market value of the asset securing the loan, such as a house or car. ...
The listing agent works for the seller. They have an allegiance to the seller throughout the transaction. Their goal is to get the seller the most money possible. A seller’s agent can give you ZERO advice. We will cover 13 reasons why having a buyer’s agent in real estate is necessar...
The owner’s name and current address if not living in the residence. The history of ownership, including when the owner purchased. Any known easements or zoning issues. A listing of the specific problems the homeowner is disclosing.