How to Buy w/out a Realtor?

[sdrealtor]

nj
Its very tough to do. I am very good a predicting what houses sell for around me with a high degree of accuracy. I can tell you what i think it should sell for but there is always the chance some dope can roll into town and overpay. There is also the chance the seller is under some distress that is not readily apparent and they take a low offer and run. Its just to unpredictable.

[njtosd]

I guess what I’m trying to get at is statistical significance. If no person (realtor or not) can predict the sales price of a home (on average) with a greater than 96% accuracy, it’s meaningless (statistically) to say that someone paid a few percent too much or too little. For the same reason, it would be ridiculous to say that someone is probably wrong when they guess “heads” on the flip of a coin.

[njtosd]

I guess what I’m trying to get at is statistical significance. If no person (realtor or not) can predict the sales price of a home (on average) with a greater than 96% accuracy, it’s meaningless (statistically) to say that someone paid a few percent too much or too little. For the same reason, it would be ridiculous to say that someone is probably wrong when they guess “heads” on the flip of a coin.

[njtosd]

I guess what I’m trying to get at is statistical significance. If no person (realtor or not) can predict the sales price of a home (on average) with a greater than 96% accuracy, it’s meaningless (statistically) to say that someone paid a few percent too much or too little. For the same reason, it would be ridiculous to say that someone is probably wrong when they guess “heads” on the flip of a coin.

[njtosd]

I guess what I’m trying to get at is statistical significance. If no person (realtor or not) can predict the sales price of a home (on average) with a greater than 96% accuracy, it’s meaningless (statistically) to say that someone paid a few percent too much or too little. For the same reason, it would be ridiculous to say that someone is probably wrong when they guess “heads” on the flip of a coin.

[njtosd]

I guess what I’m trying to get at is statistical significance. If no person (realtor or not) can predict the sales price of a home (on average) with a greater than 96% accuracy, it’s meaningless (statistically) to say that someone paid a few percent too much or too little. For the same reason, it would be ridiculous to say that someone is probably wrong when they guess “heads” on the flip of a coin.

[sdrealtor]

Doesnt work that way. Someone can predict with very high accuracy but the unexpected can occasionally happen. Even though you cant predict something perfectly you can make an assessment on the outcome post mortum.

[sdrealtor]

Doesnt work that way. Someone can predict with very high accuracy but the unexpected can occasionally happen. Even though you cant predict something perfectly you can make an assessment on the outcome post mortum.

[sdrealtor]

Doesnt work that way. Someone can predict with very high accuracy but the unexpected can occasionally happen. Even though you cant predict something perfectly you can make an assessment on the outcome post mortum.

[sdrealtor]

Doesnt work that way. Someone can predict with very high accuracy but the unexpected can occasionally happen. Even though you cant predict something perfectly you can make an assessment on the outcome post mortum.

[sdrealtor]

Doesnt work that way. Someone can predict with very high accuracy but the unexpected can occasionally happen. Even though you cant predict something perfectly you can make an assessment on the outcome post mortum.

[njtosd]

[quote=sdrealtor] . . . Even though you cant predict something perfectly you can make an assessment on the outcome post mortum.[/quote]

But that’s why they came up with the phrases Monday morning quarterback, 2-/20 hindsight, etc. You can make an assessment, but you have to keep in mind the concept of statistical significance. Everyone is entitled to their own (subjective) opinion. But to say that someone else got it wrong (objectively) you need to know how accurately the best estimator can predict.

[njtosd]

[quote=sdrealtor] . . . Even though you cant predict something perfectly you can make an assessment on the outcome post mortum.[/quote]

But that’s why they came up with the phrases Monday morning quarterback, 2-/20 hindsight, etc. You can make an assessment, but you have to keep in mind the concept of statistical significance. Everyone is entitled to their own (subjective) opinion. But to say that someone else got it wrong (objectively) you need to know how accurately the best estimator can predict.

[njtosd]

[quote=sdrealtor] . . . Even though you cant predict something perfectly you can make an assessment on the outcome post mortum.[/quote]

But that’s why they came up with the phrases Monday morning quarterback, 2-/20 hindsight, etc. You can make an assessment, but you have to keep in mind the concept of statistical significance. Everyone is entitled to their own (subjective) opinion. But to say that someone else got it wrong (objectively) you need to know how accurately the best estimator can predict.

[njtosd]

[quote=sdrealtor] . . . Even though you cant predict something perfectly you can make an assessment on the outcome post mortum.[/quote]

But that’s why they came up with the phrases Monday morning quarterback, 2-/20 hindsight, etc. You can make an assessment, but you have to keep in mind the concept of statistical significance. Everyone is entitled to their own (subjective) opinion. But to say that someone else got it wrong (objectively) you need to know how accurately the best estimator can predict.

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