I don't know.....I think it's a matter of knowing which way the data is going to flow, (in the way of appreciating cost for certain words/search terms), then learning how to minipulate the data to one's own advantage.

This data is most accurately assessed through the Multiple Listing Service.

Can the property investor who has been keeping all their data on the system gain access to the data after the closure?

Are you claiming to have better data than those guys buddy?!

Yes, the market can change, and factoring in any significant market changes in the applicable time period would be a good idea, but recent past data is the best insight into future performance.

You could use this formula to determine what price you should use to counteroffer (if necessary):BPO = CMV - BHS Fees - Profit BPO = Best Possible OfferBHS Fees: Buy/Hold/Sell Fees Profit = How much you want to make...To determine CMV, seek out comparable sales data from the previous 6 months for similar properties within a 1/2 to 1 mile radius of the subject property.Regards,Scott Miller

It seems there are only good things, you have access to sales data, you learn a lot through the courses, and if you can hook up with a broker you can even capture commissions on certain deals such as working wtih REOs, etc.Someone suggested having my wife become the realtor instead of me, since I will be the primary investor.

The average entry-level house here is about $225,000+ for 3br, 2ba - nothing special, average neighborhood.

The MLS is filled with errors, and as an appraiser, I constantly have to check and recheck all of my data sources, especially the local MLS.

In other words, it was derived from data rather than deterministic logic.