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REAL ESTATE

By Inman News Feed

Second mortgages and home equity lines of credit threaten housing recovery

“The property has pretty much been a nightmare since day one,” Joe Schwarz said of a home he bought near the height of the housing market in the Phoenix area. “I’ve wanted to be done with it for years but I couldn’t because of the second (mortgage) to be honest.” ...

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Posted Mar. 30, 2015

REAL ESTATE

By Inman News Feed

Find this international brokerage’s office space in virtual reality

The North American cloud-based brokerage eXp Realty International Corp. has taken its virtual lifestyle to a new extreme by investing six figures in the creation of a new virtual headquarters and meeting environment, where it will hold tech trainings for its agents ...

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Posted Mar. 30, 2015

What's Your Home Worth?

The Zestimate (pronounced ZEST-ti-met, rhymes with estimate) home valuation is Zillow's estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home's value. The Zestimate is pulled from data; your real estate agent or appraiser physically inspects the home and takes special features, location, and market conditions into account. Variations in price also occur because of negotiating factors, closing costs, and timing of closing.

Provided by Zillow

REAL ESTATE

By Inman News Feed

App tracks business miles, expenses

Many real estate agents can shave thousands of dollars off their tax bill by deducting their business driving expenses. Because many agents don't keep exact records of the number of their business miles, lots of agents underestimate them, resulting in lost savings. Part of the idea behind the mobile app Deductr is to help people avoid leaving money on the table when claiming deductions for business driving expenses ...

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Posted Mar. 30, 2015

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