12 Great Ways to Analyze Property

Quantitative
1. Paired data analysis (sales and resales of the same or similar property)
2. Grouped data analysis
3. Secondary data analysis
4. Statistical analysis
5. Graphic analysis
6. Trend analysis
7. Cost analysis (cost to cure, depreciated cost)
8. Direct comparisons
9. Capitalization of Income differences

Qualitative
10. relative comparison analysis
11. ranking analysis
12. personal interviews.

Remember, the type of analysis and the degree of confidence in the conclusions one can make depends on the quantity and quality of the data present. Sometimes, the academically rigorous forms of analysis will produce more precise results but do not improve the degree of accuracy. It would be wise to look at the data available and decide whether a simpler model would be more efficient, and then modify this model if greater precision is needed. Oftentimes, a clear indication of whether to pursue a purchase or not can be found quickly with simpler models.

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