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REAL ESTATE

By Inman News Feed

Zillow launches homebuyer mortgage preapproval tool

Zillow has launched a consumer mortgage tool that allows homebuyers to receive a preapproval letter within minutes of sharing their pertinent income, debt and personal info. The tool, available on both Web and mobile, prompts homebuyers to complete a short ...

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Posted Mar. 19, 2014

REAL ESTATE

By Inman News Feed

ICREA CEO Thijs Stoffer takes on additional role: managing director of OPP Group

The OPP Group has appointed one of the overseas property industry’s leading figures, Thijs Stoffer, as its new managing director. Stoffer, who has several high-profile global roles in the sector, plans to continue the growth of the leading overseas property media and business information group, which is best-known for publishing OPP Magazine and the OPP Connect website and organizing OPPLive trade shows. In addition to his new role at OPP, Stoffer will continue as CEO of leading overseas property industry association ICREA, the International Consortium of Real Estate Associations ...

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Posted Mar. 18, 2014

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

Controller who paid herself as an agent convicted of embezzling $370K

At one point during the housing recession, Paula Rae Donnell, the controller for Ultimate New Home Sales & Marketing, paid herself bonuses on 100 home closings in a single month. Unfortunately, UNHS closed escrow on only 27 homes that month, ...

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Posted Mar. 18, 2014

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