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Mar15
2 Reasons You Can't Trust a Real Estate Agent's Research

Know anybody who is a real estate agent? It seems that something like one in four homes have a license in CA where I live.

Real estate agents - Can't trust the buzzards. Most of what they can do, a somewhat resourceful person can do themselves anyway.

Ask a few agents their opinion and each will give you a different answer to serve their interests.

Want a new condo in Tokyo? Supply is down. Meaning the costs are up.

Want a new condo in Tokyo? Supply is up. Great time to buy.

Total Brain Co. says that according to their research the number of available new condos in Japan's capital is up 6.5%.

But, Real Estate Economic Institute Co says their research has concluded the number is down 11.5%.

Gosh, that's 18% difference. tokyo.condo.jpg

Who you going to believe?

Total Brain says prices will be cut. Surprise. 

Real Estate Economic Institute says that due to stricter building standards, the supply of new units is down. Prices are up. Surprise again.

In any event, costs of new units are up in Tokyo by 25-30% over 06-07, by 30-40% in Tokyo's 23 wards and 30% in Yokohama. Add 25% increase in neighboring Chiba, home to Tokyo's Narita Airport.

Banks want developers to sell their inventory off and repay loans.

Real estate agents want you to believe them.

Who you going to call? 

source

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