to make note of one error by Dan below- certainly at least in NC where the question is being asked - you are NOT required to use an agent just because the home is being listed by an agent. You don't have to get your own agent, and you don't have to use the Seller's agent.But you are not entitled to any reduction in the compensation the Seller and the listing agent have agreed to.
You've never NEEDED a Realtor in NC to buy or sell a home. Any individual can represent themselves in the buying or selling process.You might WANT a qualified Realtor to share their expertise over hundreds of home transactions, their superior connections in the mortgage (good luck online for purchase money), inspection, closing attorney, and home repair vendor fields. You might even WANT the savings a Realtor can get you from them, or other programs that as a Buyer you don't pay for anyway. You might want the access to MLS information on comparable closed sales and financial concessions made when preparing your offer, which can usually mean several thousand additional dollars to your benefit.But no, you don't NEED a Realtor to buy a home.
engage an attorney to check deed records for you periodically.
the home was for sale last year, at a price of $574,900. The Zestimate is a little over $500K. I would say it's closer to the lower figure, sight unseen, based upon my experience selling homes in that neighborhood the last 12 months.
You're right - the Zestimate is a tool - and only one tool, to help homeowners determine the range of values for their home. The location of the master bedroom, the year built (for some reason a 2006 home is worth less than a 2008 in many zestimates), the claimed number of bedrooms (some are 3 beds + bonus, some are 4 beds) and many other factors are at play. Is the $20/sqft a 20% difference, 15%? If you're considering selling your home in 2012, the best method is to then contact one or more Realtors to get their professional, in-market, opinion on the market value of your home. Good luck!
I would engage the Realtor who helped you find and buy this home to get this straightened out. For the home to close in Dec 2010 but this Agent - under his responsibility it appears, at least the way Zillow claims - say the house is for sale 4 months later? That's not right. A quick glance it his own website shows that there are many "Featured Listings" which are shown as available, but which sold many months ago. Is there a achance that it is an honest, correctable mistake? Yes. But we're required to have ACCURATE information on our MLS within 2 or 3 days and in our advertising. He clearly does not have accurate information on his website, and so it needs to be corrected now.
If you can provide your address, then we can hopefully help you.
It sounds as if you have a Realtor already. I hope they've cautioned you that you're not buying any foreclosure or other bank sale and closing even by the end of July. As to the pre-qual/preapproval process, since you've provided more information to us, then it's not surprising to me it has taken this long at all. You are truly going through the pre-approval process, where ythe lender reviews ALL of your documentation, tax returns, bank statements, etc. A typical Wells Fargo Priority Pre-Approval does not quite take a week, but it is so much better than a "pre-qual letter". Good luck with the move!
what is the MLS#?As noted, Zillow is not automatically updated, though they are pretty good about getting NEW listings added.
If your renter/Buyer needs an attorney to draw up their purchase agreement, then they pay for the attorney.In Wake County and the state of NC, the standard in NCAR and NC Bar approved offer to purcahse is the Seller only pays to have the Deed prepared, the excise tax, and for costs assocaited with existing liens against the home.