tobias3a, Other/Just Looking in Tampa, FL

What do the estimates take into consideration? Land? Square Footage? Renovations?

Asked by tobias3a, Tampa, FL Sun Jul 28, 2013

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Tobias3a, referencing the adage: Caveat Emptor = Buyer beware, it is up to the buyer to conduct their due diligence when purchasing a property. Estimates are guidelines. Some estimates may be accurate and others close in approximation.

If you are a numbers person, engineer, architect, computer analyst then the accuracy of the details will be important to you. If you are more right brain; artist, psychologist, sociologist, then the approximate number will be ok. Right brain people are more concerned with color, feelings and cosmetic items.

Although both left and right brain buyers approach a property from different perspectives, they are interested in the facts. The estimate provides this information.

Best regards,

Lynn Brock
Brock Realty Inc.
0 votes Thank Flag Link Mon Jul 29, 2013
Location, sq footage, recent sales in the area, age, maybe lot size. They get info from public documents so renovations won't be known. The estimates are just wild guesses in most cases and no one in the business pays any attention to them. They are just a novelty.
0 votes Thank Flag Link Sun Jul 28, 2013
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