Data could be dangerous
My friend Jonathan Dalton from Phoenix (who is actually a Tampa Bay Buccaneers fan but will most likely root for the Arizona Cardinals in the Super Bowl) cautions the do it yourself real estate consumer of the dangers of data interpretation. Apparently, the Arizona State University Realty Studies Department noticed a discrepancy in their data.
I found the Jonathan's conclusion to be most interesting:
"Some members of the public don’t want to bother an agent while they’re performing their initial research. Others don’t want to be bothered by an agent while doing the same. I can understand both perspectives.
But at some point, there is benefit to bringing in the expertise of someone in the field to make sure what you’re seeing on paper is what’s really there.
If even the experts at Arizona State can be fooled when it’s their job to examine the data, doesn’t it seem possible the same can happen to you?"
If you are buying Charleston real estate without the help of a real estate professional, don't be fooled by misleading data, it could be dangerous to your financial health.