Real Estate Due Diligence. What is local real estate due diligence and what new real estate technology helps the real estate investor and real estate broker and professional make smarter choice and commissions? There’s no doubt that this new real estate technology is needed, since the OLD ways of doing things, and just driving around, and trusting salespeople does not cut mustard. What is needed is something NEW, which can really help every real estate person, or business who mainly concentrates in real estate. As a friend and real estate guru once told me, real estate can be very lucrative, but you MUST do your homework, which is accurate local real estate due diligence.
But where do you start and get the right real estate growth data for proper Real Estate Due Diligence
Some websites, such as Realtor.com http://www.realtor.com/advice/buy/what-is-due-diligence/ suggest examining such criteria such as: The deed, Information on current tenants, property uses, zoning, and inspections. But who really cares about this, which of these variable really affect risk and future price changes? Nearly ALL the risk in real estate ownership is the risk or the asset going down in value or stagnant local real estate growth, and no property criteria affects risk, so what are the true leading economic indicators variables that you should look at, before pulling the trigger? What are the local real estate due diligence variables that influence risk and opportunity at the city block or Census Block Group levels?
Real Estate Due Diligence is NOT MYOPIC and MUST take into account growth at all levels.
So what does the above really mean? Big words, small words, or new words, what matters is looking at all growth levels, not just the property, not just the Block, not just title data, not just median income growth at the Census Tract level, not just lagging economic indicators at Census Block Group, not just leading economic indicators at the Zip Code level, not just County or State tax rates and rules, not just any one variable, growth pattern, or geospatial boundary level. Look at ALL, in as shot as time as possible, NOT read through 367,723 reports, but look at critical real estate data quickly and easily. And this is why Growth Maps new real estate technology was developed, so you can do your real estate due diligence in a less than a few minutes. Not expensive data to buy or GIS programmers to hire.
With all this unique features provided to you by Growth Maps, you can quickly enhance your market share and build even more profit. Advanced Real Estate Due Diligence on steroids.
As always, your feedback and comments are most welcome and appreciated….
Thanks, Eddie G