More Information, Better Investment
February 20th, 2013 by Tatyana Levin
Every industry is constantly trying to reinvent and innovate itself, and for good reason. Too many years without change and people get bored. Essentially if you don’t change, someone else will, and you will eventually follow.
This principle is the same in every industry. People strive to make their work easier and more efficient, especially when it comes to the customer experience. The commercial real estate industry is no different.
CompStak, a New York based information gathering company, is opening up an office in Los Angeles. CompStak collects hard to find data on commercial real estate properties and consolidates it, making it available to their users. Information that was previously only available in New York City about New York City property will now be available in Los Angeles about Los Angele buildings.
Information is notoriously difficult to gather. Even with the help of the internet, research takes hours, and finding reliable information can be near impossible. After all, information is scattered, and most people don’t know where to look.
The more information you as a potential investor has, the more informed of a consumer you will become time to choose a property to purchase.
In depth information along with the proper analysis means being able to better predict the future of a property. This helps you determine how profitable of an investment the property will be, when you would turn a profit, and the best time to sell would be.
Information is power, and the more information you have, the better your decision will be and the more confident you will feel.
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