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Day: January 8, 2019

The Art & Science of Property Valuation – Automated Valuation Models

The Art & Science of Property Valuation – Automated Valuation Models

It is no secret that sellers want to sell high and buyers want to buy low. But they often arrive at the negotiating table with very different ideas on price. A fair and objective property valuation can help buyers and sellers find common ground and streamline the negotiating process.

In the end, the property is worth what a buyer is willing to pay. But to help both buyers and sellers achieve their goals, both should have a fair and objective estimate of property value. Unfortunately, even objective estimates are still estimated, and there is no way to insure 100% accuracy:

* Appraisals performed by a certified appraiser are not 100 percent accurate.

* CMA's (Comparable Market Analysis) and BPOs (Broker Price Opinions) performed by a licensed broker or agent are not 100 percent accurate.

* AVM (Automated Valuation Model) technology is not 100 percent accurate.

All these methods, when properly executed, can provide a good indication of value. Estimating value is a combination of art and science. Regardless of how scientific the approach, the actual sale price is subject to the unique variables of each property transaction: property condition, upgrades, current market conditions, circumstances of the sale and individual tastes.

For property owners, pricing is correctly a key to a successful sale. Under-pricing can result in a fast sale, but carries the risk of leaving money on the table. Sellers who price too high may find their properties lingering on the market, and statistics show that values ​​can erode at a rate of about 1.5 percent per month. Longer sales also increase the likelihood of a "distressed sale" when sellers become frustrated or encounter difficult financial circumstances.

Likewise, buyers should avoid emotional purchases. Overpaying because of "falling in love" with a home is common. Homekeys' ValueKey Technology can help establish an objective, unemotional baseline for buyers and sellers so distressed sales and emotional purchases become the exception, not the rule.

The science of AVMs

To determine a good baseline value for a property, use Homekeys to search thousands of property records for comparable sales or "comps." Homekeys' ValueKey tool uses advanced statistical models and proprietary algorithms and formulas to find the best comparable properties available. In addition to property characteristics, the system evaluates how recent comparable sales are and how close properties are from the property being evaluated. Once a base property value estimate is determined, it's time to check active listings to see what similar properties are selling for. ValueKey searches both owner- and broker-offered active listings to find the most comparable properties available.

The art of AVMs

The art portion of estimating value begins with understanding how comparable sales and active listings compare to the property being evaluated. Since they are nearby, it's a good idea to drive by comparable sales and listed properties to see how they compare. To help you stay organized, you may want to use a buyer checklist when visiting properties.

After researching comparable sales and active listings, it's time for the personal touch. …

Will Confidence Help To Make New Friends In College?

Will Confidence Help To Make New Friends In College?

A while back, I was at a house party. I arrived with some friends. On the way to the house party we ran into another crew of people. The leader of that crew was very confident. He was louder than everyone, he kept egging on some of the guys in my crew just for the sake of causing drama. It was all in good fun. He put all of us into a good mood.

When we all got to the house, the party was not very exciting. Some people were dancing in a comatose fashion by themselves, one or two other people were "grinding", but that was it. Our crew of people were more excited to get to the party than the people who were in the party.

This confident guy I spoke about grabbed the cutest girl he could find. Dragged her to the dance floor, and immediately started "daggering" her. If you do not know what this is, it's a Jamaican dance move. Look it up on YouTube right now, and you'll understand exactly why everyone at the party immediately amped up their excitement by at least 1000%.

I was taken off my guard, (I rarely expect other guys to out do me at the party), so I was the second guy to grab a cute girl and we took the boring party, and turned it into one of the most electrifying bash I've seen in University.

When people are around someone with confidence, they feel relieved. It's like they have permission to do the things that they wanted to do in the first place. This is literally what people me when they say, "He was the life of the party." Without that confident guy, people would not feel like they had permission do have the fun that they were having.

People are silently looking to be lead, that's why when you have confidence, people follow you. There is a direct correlation between confidence and leadership. As the party went on, I noticed that EVERYONE in the room was looking at my confident friend. If he did something, that meant that they could too … However, while everyone was looking at my friend friend, he never noticed them, he only focused on himself. Confident people have the ability to forget outside circumstances and focus on only on themselves. They can do what the famous spiritual author Eckhart Tolle calls, "be present".

Being present, allows you to have that full confidence that other people admire you for. It is the opposite of being self conscious – or caring what other people think. Spiritual leaders have all sorts of weird esoteric methods for being present. I will teach you how, without getting to complicated.

Confidence and insecure are the opposite ends of the same spectrum. Do not try to get from one end to the other. This is too difficult. When you feel insecure at a party, just try to get to the half way point of the spectrum. That …

Kids Science Projects Can Warm Your Heart

Kids Science Projects Can Warm Your Heart

Everyone talks about the greenhouse effect and how our earth and its climate are having greenhouse type of effects. What does that mean? You can do a science project that will show this effect and what is happening to our Earth.

Go to your pantry and look for these items. If you do not have them you can go to your local store and get these items:

  • 2 glass containers that need to be the same size and shape
  • A 1 gallon plastic storage bag
  • 4 cups very cold water
  • Ice cubes

Fill each glass container with 2 cups of the cold water. Add ice cubes to each jar. You will want to put the exact same amount of ice cubes in each jar. I would suggest 6 ice cubes in each jar.

Put one of the jars in the plastic bag and seal it shut.

Put both containers in the sun together and let sit for at least an hour.

You are trying to create the greenhouse effect with the container in the plastic bag.

At the end of 1 hour or a little longer remove the jar from the plastic bag and immediately insert a thermometer to measure the temperature of the water.

After you record this temperature measure the degrees in the water that was not covered.

When you placed the jars in the direct sunlight the air inside the bag became very warm. When you have a greenhouse it lets light inside which allows the sun's energy and also heat. Since the filters in but can not escape because you have made a plastic barrier it stays in the enclosed area and increases the temperature. When you demonstrated the science project above you created your own greenhouse and showed how warm you could get the water. What if you left that for two, three or four hours?

Think about what is happening to the Earth. There are chemicals that are creating a type of plastic bag around the Earth and it causes our air to get warmer because of the energy of the sun creating heat and it being retained in this enclosed area.

Even though you did not heat the water to boiling think about your car in the hot summer. This is what happens when you go in to work and leave your car outside all closed up all day. When you return at 3pm the car is scorching hot. This greenhouse effect has caused your car to be so hot you sometimes can not even touch the steering wheel.

This science project is a great idea about what we are doing to our planet. …