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Why Data Scraping is the Best Solution in the Real Estate

Why Data Scraping is the Best Solution in the Real Estate

The Real Estate industry is one of the most competitive industries today. In any geographical area there are dozens of real estate companies trying to get their slice of the pie. To get ahead, you must have superior service and knowledge; but first, you must have all the facts. You need to understand the current market for the geographical location where you are working, as well as how it is expected to perform in the future. To properly understand pricing, you need to run the comps. “Run the comps” is real estate jargon for the method of determining what the competitive price for a given property would be based on the price that similar properties in the area  have been able to fetch on a per square foot basis. This process involves taking the sale price and dividing it by the number of square feet to figure out an average, and then comparing this against other similar properties to get an average price per square foot ratio. Of course, foreclosures need to also be taken into consideration. Much of this information is restricted to real estate agents in their Multiple Listing Service database, referred to as MLS. As a real estate professional, you need to have a working knowledge of agents, listings, plots, and prices. Gathering this information and processing it can be both time consuming and tedious, not to mention difficult to get. To stay ahead in the marketplace, one must not only understand current market trends but also be able to forecast where they are going in the future. A prominent Miami broker and investor – Nicolas Quijano, once...