Real Estate Market Predictions and how to instantly find the top local markets and relocate your business or franchise in local markets that have improving unemployment rates and lowering crime rates. It is the cost of Case Study #1, less the cost of building the local predictive model, plus the cost of compiling different datasets on current households and individuals. See http://growth-maps.com/how-would-a-real-estate-investor-build-a-system-that-replaces-the-system-that-growth-maps-has-developed
Total cost for Case #1 was: $3,026,000 to $4,900,000 Less cost of predictive model of $3,000,000 Less cost of property data of $1,800,000 Plus the costs of household and individual data from lists for $5,000 to $75,000/year.
So the total cost for Case #2 is ($31,000 to $175,000) to develop, and fixed cost will reoccur each year.
Note, my utility patent protects my IP, so you cannot sell this technology online, but you sure can build your own internal system for $175,000 or more. So this is the cost approach of the 2 case studies.
Real Estate Market Predictions and real estate investors
What does matter is identifying the best markets to target in the downturn, and finding a way to minimize risk and accurately read the market today and in the future. All businesses, including builders and real estate investors, need to be able to project, with accuracy, how the forces of supply and demand will affect their company. Anyone can build a home during a boom and make a profit, but what about local real estate market predictions? Only those companies that can continue building homes during both boom and bust will stay in business. With the right information, a real estate investors can not only survive, but thrive, even when the overall market has a glut of inventory.
What matters is Local Real Estate Market Predictions, not Phoenix real estate market predictions or Florida real estate market predictions 2019 or even Housing Forecast by State, it is LOCAL.
Knowing present value, or what a house is worth helps some, but having a clue into the future is what separates a speculator from the Surviving or Thriving with Housing Market Predictions.
Those who are to survive during this current correction will need to be smarter, have the best information and only build properties they know are going to sell. To do so, you will need to find a new way to forecast growth and identify true supply and demand. Otherwise, they may not survive the next correction.
I need your feedback to build the optimal local real estate market predictions product and software.
For more information, watch our free demo video on our homepage, and download your FREE eBook titled: “What’s Next for Commercial Real Estate Technology: Leveraging Technology and Local Analytics to Grow Your Commercial Real Estate Business” at http://growth-maps.com/free-ebook/
Your comments are most welcome, and I appreciate your feedback.