In a society and culture where information is coming at you from all angles, it is imperative to know what to look for and who to listen to, especially while you’re dealing with one of the most expensive investments of your life. Real estate is truly a locally-based investment decision.
What do I mean by that? What I mean is that each market is extraordinarily different and contains niche markets within an overall larger market. There is no single, online source of information that you can simply research and receive the data and market knowledge needed to make the right decision. It is a wise choice to hire a local, knowledgeable, seasoned real estate sales professional that can guide you in the right direction and help protect your investment decision. Think of it like this, if you are not feeling well you can go on the internet, plug in your symptoms and get an array of information that will probably startle you. What you really end up doing is going to the Doctor who can pinpoint the issue, give a prescription for it and help you save a lot of time and worried.
In the world of Zillow, Trulia, and Homesnap, everybody wants to act like they know all there is about market comparables, pricing etc. These sites use nothing more than public data as an average to come up with their information. All too often there are several other factors that have been built into the price, or reduced out of the price, that these sites cannot and do not account for. It is also imperative to know that these sites cannot give an investor information on pending neighborhood changes, commercial developments on the horizon, or any other imperative information that could greatly affect the market in the surrounding area in the next few months.