93551, CA Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

Why is there such a big difference between Zillow and Realtor com? ›

In terms of listing sources, Zillow offers a broader variety of FSBO options, while Realtor.com ensures data accuracy with its focus on licensed agents, impacting potential buyer reach for each platform.

Yes, but perhaps not as much as you think. By selling your house without a Realtor, you can save the typical seller's agent commission, which is around 2.5 to 3 percent of the home's sale price. On a median-priced $859,800 California home, 3 percent comes to more than $25,000, a significant savings.

Search online: A Google search will provide several reference sites. Look for someone with experience and familiarity with your interests and areas of interest. Popular local sites for residential real estate information include zillow.com and sf.curbed.com.

Some other things to know about the local real estate scene:

It's competitive. Santa Clara County also has one of the highest sale-to-list-price ratios in California, which means a lot of homes end up selling for more than the original asking price. It's expensive.

Redfin vs. Zillow: Redfin is more accurate when valuing homes. Both Zillow and Redfin give homes an approximate value, but the Zestimate provided by Zillow has proven slightly less accurate than Redfin's estimate.

Fraud is another area of liability for sellers. If the seller fails to disclose known defects, this is considered fraud – and the statute of limitations in CA is three years. Keep in mind, though, that the clock starts when fraud is discovered – not when the home is sold.

In California, there is no legal requirement that a buyer has to use a real estate agent for their home purchase. A number of buyers find a property through a self-directed search, and contemplate completing the purchase without an agent.

In California, capital gains from the sale of a house are taxed by both the state and federal governments. The state tax rate varies from 1% to 13.3% based on your tax bracket. The federal tax rate depends on whether the gains are short-term (taxed as ordinary income) or long-term (based on the tax bracket).

What percentage do most realtors charge in California? ›

The average California real estate commission is 5.53%. However, this rate may vary based on the agreement, property type, and market conditions. Real estate agent commission rates also vary depending on your location. In major cities like Los Angeles and San Francisco, agents may charge up to 6% of the home's value.

Negotiating realtor fees is allowed

"By law, real estate brokerage fees are negotiable," says Rick Smith, director of the California Association of Realtors. "This is part of what real estate brokers do for a living, negotiating.

As per Fannie Mae, mortgage rates may drop more in Q2 of 2024 due to economic changes, inflation, and central bank policy adjustments. Even though it's a seller's market, increased housing supply and reduced mortgage rates may result in lower prices for buyers.

New homebuyers now need to make at least more than $106,000 now to comfortably afford a 30-year home mortgage with a 10% down payment, Zillow said.

Late summer and early fall may give you the best of both worlds with a combination of good selection with less competition and slightly lower prices.

Zillow is owned and operated by Zillow Group, a publicly traded company. Realtor.com is owned by parent company Move, Inc. In 2014, Move was sold to the media corporation Newscorp with the Australian company currently owning 80% of the shares in Move, while the Australian specialist portal company REA Group owns 20%.

As a category leader, Zillow publishes authoritative research and uses its voice to advocate for policies that make real estate more accessible, affordable and transparent.

Are Realtor.com Estimates Accurate? Realtor.com estimates are very accurate, but they do not hold 10% of the time. To overcome this scenario, home buyers can compare data provided by Realtor.com with local real estate agents regarding properties available for sale and yield more precise information.

The computer models they use are different so their estimates of value will differ. As a result, in one area Redfin will be higher for a specific house and Zillow will be higher in another. They are most accurate for homes that are cookie-cutter (like tract homes and condominiums).