Frequently-Asked Question – General

When collecting data for an analysis, what kind of parameters should I use?

[ Answer ]

This is a great question. Good results are predicated on good data sets, the old "garbage in-garbage out applies. We recommend +/-25-35% for livable area of similar types of properties. Similarity is key, with broader parameters for age being acceptable, within reason. Analyze your market, not just your COMPS.

See the Knowledgebase article Proper Data Collection Tips for more detail.