{"id":401,"date":"2016-07-27T18:43:00","date_gmt":"2016-07-27T18:43:00","guid":{"rendered":"http:\/\/dev.gahomesdigest.com\/blog\/why-statistics-are-not-a-good-evaluator-of-real-estate.html"},"modified":"2016-07-27T18:43:00","modified_gmt":"2016-07-27T18:43:00","slug":"why-statistics-are-not-a-good-evaluator-of-real-estate","status":"publish","type":"post","link":"https:\/\/search4.homes\/why-statistics-are-not-a-good-evaluator-of-real-estate\/","title":{"rendered":"Why Statistics Are Not A Good Evaluator Of Real Estate"},"content":{"rendered":"

\"-\"Why Statistics Are Not A Good Evaluator Of Real Estate<\/h1>\n

Recently RealtyTrac did their usual evaluation of zip codes to see the best place to flip real estate. \u00a0While numbers are hard to argue with they certainly don’t tell the whole story, which is\u00a0Why Statistics Are Not A Good Evaluator Of Real Estate<\/strong> (or possibly the only good evaluator).\u00a0<\/p>\n

RealtyTrac offers a great look at the data and sure there are some great opportunities to be had but it’s missing the story and that my friends can be fatal. \u00a0For example, if you bought a home for $10K and then sold it for $110K, you’d have a 1000% profit. \u00a0With this example you can see why numbers can lie. \u00a0RealtyTrac’s numbers tells us that Stone Mountain and Decatur are up and coming and great places to flip. \u00a0This is a true. Properties that are good flips in Stone Mountain are not good “homes” but rather great rental properties. \u00a0So the numbers may tell you one thing but the strategy needs to be different in each area. \u00a0 This is why you should be part of a community like Bigger Pockets. \u00a0The key reason? \u00a0Today information isn’t power, interpretation is.\u00a0<\/em><\/p>\n

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\u00a0Today information isn’t power, interpretation is.\u00a0<\/a>\u00a0{Click To Tweet}<\/em><\/em><\/p>\n<\/blockquote>\n

This is not only true for a generation but for real estate as well. \u00a0Stats are great but they won’t tell you why taking potentially less profit in Lawrenceville<\/a> for example might make more sense since it mitigates the risk. \u00a0Perhaps a better flip might be a sure fire success in Alpharetta<\/a> where the market has almost never been down. \u00a0The key is an expert. \u00a0This is the reason why Zillow and others won’t replace true professionals.\u00a0<\/a><\/p>\n

Related Real Estate Resources:<\/strong><\/p>\n