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The CARFAX Model and Real Estate

Dollar SignBuying Cars and Real Estate

When you think about it, there’s quite a few similarities between the two. With purchasing a previously owned car, you need to make sure it isn’t a lemon, hasn’t been in a major accident or had water damage, has a clear title, and so on. Unfortunately, a mechanic isn’t able to sniff out all of the problems a car might have. That’s why you need a real edge in this type of situation.

Enter CARFAX®, which has built its successful business on giving its customers as much detailed information as it can on the vehicle(s) they want to buy … before they sign on the dotted line. After all, an educated consumer is the best customer. And CARFAX® has millions of satisfied customers who have either bought used cars, or who have dodged a bullet and not purchased a particular car based on one of its reports.

How do cars and real estate link up in this situation?

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Top Real Estate Investment Tools

graphic of Real Estate Investing ToolsYour next real estate deal will only be as good as the information you have on it prior to signing on the dotted line.

How do you get that information, crunch the numbers, and so on? Tools; specifically, technology-based tools.

In our minds, such tools should help an investor, whether s/he is an individual or part of a larger organization, determine if a property fits into their criteria … whatever that may be. The tools should be flexible enough to use for any criteria, too.

In no particular order, here’s a few of our favorite tools:

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