nowshowingmn » Uncategorized http://nowshowingmn.com making sense of Chaska Real Estate Sun, 22 Jan 2012 19:34:00 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 Minneapolis Case Schiller Interactive http://nowshowingmn.com/2011/01/minneapolis-home-values-interactive/ http://nowshowingmn.com/2011/01/minneapolis-home-values-interactive/#comments Thu, 27 Jan 2011 04:12:18 +0000 brian gute http://nowshowingmn.com/?p=431 I’m currently putting the final touches on a tool I created with some help from software engineers that I worked with when I was in the IT industry. The interactive tool takes home information that you enter into the system and based on previous purchase price and date it generates what the current Case-Schiller index* says your home is worth based on it’s methodology. Just like any auto-evaluation tool it is not local enough to be trusted as an accurate market value indicator. It does, however, provide a single data point and when compared to many other data points(90 local sale pair averages, comparable sales, local economic conditions, condition , repairs made and walk through of subject property and area competition) a true opinion of market value can be formed.  I use all of these data points and talk with my seller’s one-on-one about their homes market value with an easy to read presentation.  My goal is to educate my seller’s to make educated real estate decisions based on real experience and supporting data.

*Case Schiller Index is an index published at Standard and Poors. Data collected since 1890 to present is used to determine where the real estate market is moving. (published with 60 day lag)

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