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Schools Explained

Identified Schools for This Property: These are the schools that have been identified by the listing agent and/or the seller as the schools that appear to serve these properties.

Nearby Regular Public Schools: These are schools that are near this property, based on the property’s location.

Nearby Charter Schools: These are charter schools that are near the subject property, based on the property’s location. Charter school enrollment is typically based on a lottery, rather than on the neighborhood where the student’s home is located.

Nearby Magnet Schools: These are magnet schools that are near the subject property, based on the property’s location. Magnet schools differ from regular public schools in that they offer specialized academic themes, such as math & science, the arts, foreign languages and so on.

Please note: school assignments are not always reliable, and should be verified prior to purchasing a property. Enrollment in any of the schools described above is not guaranteed with the purchase of this property. In addition, school assignments are subject to change.

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Listing Status Explained

Listing Status Explained

On our site, you will see the following types of listing status:
  • Active: The property is still actively for sale and a contract has not been accepted yet.
  • Under Contract But Showings Still Accepted: The property is under contract with a buyer. However, the seller is still allowing buyers’ agents to show the property to other buyers. Buyers may be able to present back-up offers, just in case the existing contract falls through due to financing concerns or other reasons.
  • Under Contract / No Showings: The property is under contract with a buyer and the seller is no longer accepting showings.
  • Sold: The property has already been sold.
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Cumulative Days on Market Explained

Cumulative Days on Market Explained

Cumulative Days on Market is a representation of how long with the property has been actively marketed.

The main difference between Days on Market and Cumulative Days on Market is that Cumulative Days on Market represents active marketing through not only of the property’s current listing, but through other, recent listings of the property as well. Days on Market, on the other hand, only represents the time the property has been marketed under its current listing.

Prior to the local Realtor Association using the term Cumulative Days of Market, Realtors and homebuyers in the Charlotte region would sometimes focus solely on a property’s Days on Market. The problem with Days on Market displays was that sellers could allow their property listing to expire and then re-list, and their Days on Market would go back to zero. This could make a listing that had been on the market for a long time appear to be a completely new listing.

Since the change in terminology, when a new listing is entered, the Cumulative Days on Market only resets to zero if one of the following two actions occurs:

A) The previous listing closes (i.e., is sold).

B) The previous listing is off market (expired or withdrawn) for more than 90 days.

It should also be noted that Cumulative Days on Market typically do not accrue when a property is not being actively marketed – i.e., when the seller is not accepting showings on their property.

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Recent County Property Assessments

Recent County Property Assessments

Each county tax assessor’s office periodically assesses properties for tax collection purposes. Counties assess properties at different frequencies. For example, some counties may assess values every four years, while others may assess properties every eight years. In addition, a given property’s assessed value can change at any time – i.e., when a vacant lot is built upon or when an addition is made to an existing structure.

Also, because of the highly imperfect nature of the assessment process, assessed values are often a poor indication of market values. In other words, if a property’s list price is under or over its assessed value, this does not necessarily indicate whether or not the property represents a good value or not.

In addition, in some cases current assessment or past sales of a given home may represent vacant land, which has since been built upon. In other situations, a given parcel of land may have been combined with other parcels of land in a past sale.

Finally, because assessed values may change at any time, property buyers are encouraged to confirm assessment values with their county tax assessor before purchasing a property. Terra Vista Realty cannot guarantee public-records information displayed on our website is accurate and up-to-date in every case.

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