RP Data is offering the ability to track the value of up to 3 properties for 6 months free to every person who signs up on their Facebook page.
While this may seem like a great deal initially, remember these aren’t really “valuations” and they won’t be accurate. However the information will be of interest to property investors.
The valuations will be electronically generated using “complex modeling and a massive amount of data”, according to RP Data CEO Graham Mirabito. “As the largest provider of property data and analytics to banks, government and real estate professionals, we feel it’s important consumers get access to the best databases in the country”
Of course the ‘valuation’ model won’t know if you’ve renovated the property or installed an airconditioner. Nor will it know if the tenants have trashed the property and devalued it. So at best this will be a price estimate.
The service is available Australia-wide for the next six months – just visitwww.facebook.com/rpdata.
While you’re on facebook, why not go to my page and friend me also:http://www.facebook.com/michael.yardney
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