All Forum Posts by: Sebastia H.

Price per square foot isn't a good way to valuate real estate. It's actually about the most horrible method available, people just talk about it a lot because it gives consumers a 5 second bullet point, and consumers like 5 second bullet points (consumer friendly bullet point: "Budweiser: King of Beers" - is Budweiser REALLY the king of beers...?).

If home valuation could be automated, it would already be automated. In fact, we have them: automated valuation models, AVMs. Ziestimates and Redfinestimates and so on are all crap. Internal mortgage company AVMs are all crap too. Don't get me started on Fannie Mae's AVM (the SSRs) which only has the very simple task of answering the question "hey is this human-completed appraisal credible?"

People have spent millions of this and hired very smart people, and the end result is consistently complete and utter garbage. AVMs are a dead end unless you're going to work AI into it, embedded into a robot that actually walks out to the property as well as to the relevant comps, and calls agents/appraisers asking them why this home was that price, and so on. Go build me an AI robot if you want me to take an AVM seriously! By all means, please go do that!

Again, I love the idea. I think there are MANY areas where software is a (or THE) solution. This isn't one of them. ESPECIALLY not if you're using price per square foot relative to computer generated comps, which is literally the worst measure there is for valuing real estate.

If you want to talk about the software innovation that COULD be helpful, and that we DO need, that's a different conversation.

Yeah, obviously not a tool to make offers with but a way to "filter" out the overpriced stuff on realtor sites. Thanks for the feedback.

My other idea was to scan multifamily properties and relay with rentometer pricing to see if theres a missed opportunity to capitalize on an underperforming property.

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Hey guys,

I was about to send these 2 wireframes (made into a slideshow to demonstrate how it works) to a programmer to have it developed into a web tool - basically it scans the zip code for current listings by $/sq ft and shows the lowest price per sq ft as "deals":

https://www.slideshare.net/secret/4o378v4Enp7Mia

I thought it might be helpful to share this concept and see if anyone else would be interested in using such a tool.

What do you guys think?

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Just a heads up I've come down with a bad cold so I can't be there unfortunately. Have fun guys.

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Remember to bring your business cards to exchange with the group!

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Originally posted by @Logan Allec:

ATTENDING

I will also be attending LA-area meetup earlier in the day if anybody's interested.

Sounds great!

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Meet & greet. Chat about REI strategies, discuss ideas and share contacts!

If you live in Alhambra, Altadena, Angelino Heights, Arcadia, Arleta, Arlington Heights, Atwater Village, Baldwin Hills, Beachwood Canyon, Bel Air, Benedict Canyon, Beverlywood, Boyle Heights, Brentwood Glen, Brookside Park, Bunker Hill, Burbank, Cahuenga Pass, Canoga Park, Carthay, Castle Heights, Central City, Century City, Chatsworth, Chesterfield Square, Cheviot Hills, Chinatown, Commerce, Crenshaw, Crestwood Hills, Culver City, Cypress Park, Duarte, Eagle Rock, Encino, Glendale, Hermosa Beach, La Canada, La Crescenta, Los Feliz, Monrovia, Monterey Park, Montrose, North Hollywood, Pasadena, Redondo Beach, San Fernando, Santa Clarita, Santa Fe Springs, Santa Monica, Sherman Oaks, Signal Hill, Silverlake, Simi Valley, South Gate, Studio City, Sun Valley, Sunland, Tarzana, Tujunga, Valley Village, Van Nuys, West Hollywood, Westlake Village or anywhere in the Los Angeles San Fernando Valley area, we would love to see you there ^_^

Ends @ 7PM

***PLEASE reply with the word "ATTENDING" if you plan on coming.***

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What time did you arrive? Sorry I didn't see your RSVP

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See you all tonight at 6pm in Panera Bread - 132 E Palm Ave, Burbank, CA 91502

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Just a reminder guys to bring your business cards with you so we can exchange contacts & stay in touch!

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All Forum Posts by: Sebastia H.

Sebastia H. has started 31 posts and replied 166 times.

Post: Deal Finder Software (Need Your Feedback!)

Post: Deal Finder Software (Need Your Feedback!)

Post: Deal Finder Software (Need Your Feedback!)

Post: Los Angeles Meetup *** (Feb 21)

Post: Los Angeles Meetup *** (Feb 21)

Post: Los Angeles Meetup *** (Feb 21)

Post: Los Angeles Meetup *** (Feb 21)

Post: Los Angeles Meetup *** (Feb 14)

Post: Los Angeles Meetup *** (Feb 14)

Post: Los Angeles Meetup *** (Feb 14)