Market analysis real estate – what is it & what is missing? For the real estate investor, having quality housing market analysis is key. A real estate agent provides a market analysis to arrive at a price range for the property. This analysis is typically performed with information gathered not during recent weeks, but during the previous year. Realtors look at factors such as these Growth rates
Realtors use this information to help analyze and interpret prices of similar properties in the area to arrive at a price range. In reality, most real estate agents have no idea what really drives local city block market prices and even less ability to forecast future local price movements. This is not because they are just sales people, it is a problem of access. Since most the growth data and leading economic indicators that we uses, are NOT online, to do proper market analysis real estate.
If you look at the previous housing boom and housing market analysis when agents were selling homes at inflated prices, how many realtors do you think pointed this fact out to their buyers? How many of them do you think even knew the properties were overpriced? How many knew Real Estate Market Analysis or How Is the Housing Market at the local level? How many of they knew and know the information in our Free Ebook? How many know anything about Block Groups, the core local market level, which has the most critical growth data or any market…
So then, what was everyone paying these agents for? How many knew Housing Requirements and Market Analysis and Us Housing Market Analysis?
Who had or has a Real Estate Market Analysis Template that will show not only the Phoenix Arizona Housing Market Analysis, but also local markets?
How many of us are now stuck with an over-valued financial time bomb because we (and our realtors) failed to properly assess the value of the property? How many professional agents have access to local housing market analysis at the city block-level?
Existing house prices are already significantly down nationwide. The more you paid, the more serious the problem. On a $200,000 home, being over-priced by just 1% equals a $2,000 loss, not including interest. If you’re looking at a 4% decrease, that same $200,000 home is down eight thousand dollars. Its real money in any market and in a market where prices could fall by as much as 10% to 15%, many homeowners are looking at a major financial crisis.
For us, Growth Maps, and for many real estate professionals, doing proper local market analysis real estate, means also looking at local housing market trends.
Local market analysis real estate and the economy In summary, to really understand the current local market growth patterns and its effects upon the economy as well as the very future of real estate itself, we need to fully examine the true causes of the problem of why the entire real estate community failed to see declines or growth coming because of old, irrelevant and missing data and technology.
Will better real estate technology and housing market analysis, the investment in real estate, is a click away.
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 https://www.growth-maps.com/free-ebook/
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