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REASA Founder Wins IAAO Distinguished Research and Development Award for 2000 Details Here |
LOCATION, LOCATION, LOCATION
Real Estate value is primarily about the location of the property. All professional appraisal societies consider location the most important single contributor to property value. REASA is proud to apply the only Location Index for individual residential properties available from any source in the real estate industry. REASA’s Location Index is the relative percentage of location value within the geo-political area of valued properties, for example, Fairfax County, VA. This Location Index is produced by REASA’s econometric model based solely on the analysis of thousands of sold properties. Therefore, REASA’s Location Index is the first empirically supported adjustment for location that is without any bias or discrimination. The Location Index for Fairfax County’s 8,497 sold properties ranges from 39% to 442% with a median of 101%. A graphical depiction of the Location Index effect shows that the raw Response Surface Map for Fairfax County, VA looks like this:
While the same Response Surface Map with REASA's Location Adjustment looks like this:
Contact us for further information on our Location Index and other services.
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