Zillow’s recent gloomy attention grabbing headline stating “If you buy now, it can take 13.5 years to make a profit on your home sale” has been creating quite a buzz with various media outlets. I thought I’d run some scenarios to compare. [Read more…]
Redfin releases “Redfin Estimate”
December 6, 2015 by Leave a Comment
Redfin has unveiled their online home valuation estimating tool called (ready…) “Redfin Estimate”.
I’m doing some quick comparisons and from what I can tell so far by checking out homes in my West Seattle neighborhood, Redfin seems to offer more accurate home value estimates than Zillow’s Zestimates.
Main Stream Media Misses Message on Mortgages [Rant Warning]
August 14, 2013 by 6 Comments
Recently a piece that was aired on ABC news about mortgages and was brought to my attention. It’s been a long time since I’ve seen something so misleading and sensational about what consumers should watch for when obtaining a mortgage.
The segment features Erin Lantz from Zillow who claims to have saved a couple thousands of dollars on their home mortgage. Erin is Zillow’s Director of Mortgage Business and prior to Zillow, her lending career was at Countrywide and Bank of America, during the subrime era.
Search for foreclosed homes on Zillow
October 26, 2012 by 2 Comments
⚠ HomePath Program Ended October 2014
This post references the Fannie Mae HomePath Mortgage, which was retired in October 2014. Foreclosed homes — including Fannie Mae-owned properties — can still be purchased today using conventional, FHA, VA, or USDA financing. See today’s low-down-payment options for buying a home in Washington State →
Zillow has added a “foreclosure center” where you can search for foreclosed homes in your neighborhood. The search includes bank owned homes (REO) and pre-foreclosures (a home that is getting to auction).
Here’s a snap shot of what Zillow is showing as current foreclosures in West Seattle. The red houses are foreclosures and the blue houses are pre-foreclosures.
