Be wary of cherry picked property data
I’ve seen quite a few property videos on YouTube lately; and while I’m not one to point fingers, some of them are showing price data that I just can’t corroborate.
Some videos have claims that certain nearby properties are $X,XXX sq. ft., which makes my eyebrows shoot up. This is, of course, done to make the property that they are trying to sell seem like a bargain in comparison.
Just to be sure I do run a check, and I find exactly zero transactions to match those suggestions. When my queries are answered, it’s always a dismissive statement like “Oh, it’s based on our internal research.”
Can’t be very good research if it directly contradicts URA’s recorded transactions, eh?
I suspect that in some cases, the intent is to point at asking prices to mislead the viewer.
As in, rather than give real transaction prices for comparison, the agent may try...