What is a Listimate™? A Listimate™ is a home value estimate based on our proprietary system of determining a home’s value, or the dollar value of a home if listed for sale at the time of the estimate. We created this system based on over 28 years of experience in retail residential real estate resale […]
Active-Contingent Offer
What Does Active-Contingent Mean? Along the same vein, we often get the question about the meaning of “active contingent” in real estate. An active contingent offer is one of a variety of status updates given to a home listing. If a property has an active contingent label, it means the seller has accepted an offer from […]
What is a Contingent Offer?
What is a Contingent Offer? In real estate, a contingent* offer is an offer made on a property, which says that certain conditions must be met in order for the sale to be completed. These contingencies usually involve the home appraisal (the home value determined by an appraisal), home inspection, and receiving approval for your mortgage. They […]
Mello-Roos Taxes
Mello-Roos Taxes – Definition What is or are Mello-Roos? Sometimes misspelled “melarose”, these are special assessment taxes for Community Facilities Districts or CFDs. Typically new communities need additional infrastructures such as police and fire protection services, ambulance and paramedic services, parks, elementary and secondary schools, libraries, museums, and cultural facilities. These taxes are liens which are usually municipal […]
Pre-Qualified vs Pre-Approved: What’s the Difference?
One of the first steps in purchasing a home is getting either pre-approved or pre-qualified for a mortgage. Unless of course, you’re buying with all cash. 😁 It’s very easy to get confused between the two things. So, should you get Pre-Qualified or Pre-Approved for a mortgage loan? Without getting into too much detail, we’ll give you just the […]