absolute the nicest part of town the complete Small Business Accountant Adelaide ghetto in two miles and so but the computer doesn’t know that Zillow Trulia I mean in fact there’s a lot of other you can pay for some expensive stuff sightings data real quest that they’re all getting their data from the recorders
of the county route records and then they don’t really have a good way to be able to match up neighborhoods and houses right so what if you’re what if you get a bunch of new subdivisions interspersed with some really old subdivisions well you don’t want to compare those brand-new homes with those super old homes it’s just a minute comparison what if there is brand-new built homes being dropped in the same neighborhood as an older neighborhood so the computer
can’t be the comparing mechanism the computer can’t be the one to choose which are comparables true comparables that’s what you’re looking for that’s what the MLS gives you some true comparables so again let’s go back to our iPhone example if you’re trying to figure out if the iPhone is a good deal or not you need to look at the identical iPhones that you’re looking to buy and be able to compare what those sales were and so to get that apples to apples comparison
in real estate you need to find accurate comparable sales and computers just can’t do it I mean Zillow Trulia they can be an absolute disaster on values now that can actually work for and against you if the homeowner seized it and they think the property value say , and it’s really worth a hundred thousand and that’s what Zillow said it was twenty you know that may actually help you in making an offer but it can also work completely against you as well so these systems right here
I see it all the time real estate investors they they don’t know how to get access to the MLS they they don’t know all this and so they just try to take shortcuts and they’ll use Zillow Trulia they may even compare like three or four different online free systems to see what the property value is they may even throw in the tax appraisal it’s real and they’ll all average them together bad idea because all of these systems are all using the same bad data and they’re