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Real Estate Data Is Only As Good As The Source AND The Interpreter
Real Estate Data Is Only As Good As The Source AND The Interpreter
 
The cleanest data is found in the actual MLS.  Any reliance on a data provider that is not the actual MLS may cause mistaken conclusions. Correct data in any reporting process is important. It is especially important when looking at reports that are generated by data sources that have filtered it themselves, or that received filtered data.
 
How can I say this? Because I look at the cleanest data - the MLS data - and I see flaws in that data all the time. That MLS data is not always correctly entered.  So if that data is being acquired by a non-MLS user and then filtered and compiled further, it will be even more skewed and corrupt when it is published for some other user down the line.
 
The problem with basing real estate buying and selling decisions only on data, is that if the data has flaws, you may be led to a flawed decision. Having a real estate professional look at the data and help verify, explain, or even correct it, becomes very important to most savvy consumers. Professionals who are in and out ... more

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