New Book: "Zillow Talks: The New Rules of Real Estate"...

[David Krulac]

I am not evaluating or recommending this book, but new book written by Zillow has the following items in their book. 

1.  Location, location, location is NOT the number 1 rule.  Buying and predicting what the area will be like 20 years down the road is the number 1 rule.

2.  Don't buy the worst house in the neighborhood.  Buy the worst house in the hottest neighborhood.

3.  Houses on "streets" & "roads" don't sell for as much as houses on court, lane, way and place.

4.  Foreclosure discounts according to Zillow data are only 7.7% of value.  Most people think the discount of buying foreclosures is much higher.

5.  Calling a house "cute" decreases the selling price.  Cause or effect?

6.  Properties within .25 miles of a Starbuck appreciate more.

7.  Remodeling a kitchen is NOT the #1 best payback?  Rremodeling a bath is better.

8.  Neighborhoods close to downtown don't appreciate more than neighborhoods further away.

9.  Close in suburbs don't appreciate as much as further out suburbs. 

10.  Mortgage interest deduction costs the government $100Billion