{"id":3070,"date":"2017-08-06T09:04:31","date_gmt":"2017-08-06T13:04:31","guid":{"rendered":"http:\/\/dankrell.com\/blog\/?p=3070"},"modified":"2021-11-23T17:30:44","modified_gmt":"2021-11-23T22:30:44","slug":"real-estate-bs-detector","status":"publish","type":"post","link":"https:\/\/dankrell.com\/blog\/2017\/08\/06\/real-estate-bs-detector\/","title":{"rendered":"Real estate BS detector"},"content":{"rendered":"\n

DARPA issued a recent request for information<\/a> seeking ideas about how to create automated capabilities to assign \u201cConfidence Levels\u201d to scientific studies, claims, hypotheses, conclusions, models, and\/or theories.  In other words, the Defense Advanced Research Projects Agency wants to create a BS detector.  First reported by Adam Rogers for WIRED<\/a> (Darpa Wants to Build a BS Detector for Science<\/em>; wired.com; July 30, 2017), DARPA doesn\u2019t look at it as rooting out \u201cBS\u201d but rather establishing the what, why, and how scientists know stuff. Imagine how this could be applied as a real estate BS detector!<\/p>\n\n\n\n

The Defense Advanced Research Projects Agency\u2019s stated mission on their website is \u201cto make pivotal investments in breakthrough technologies for national security<\/em>.\u201d  So, chances are that if they are able to devise a real working BS detector, you won\u2019t know about it.<\/p>\n\n\n\n

When it comes to real estate, people sometimes bend the truth<\/a>.  Additionally, real estate agents are known for \u201cpuffery\u201d and are generally not trusted because of the salesy techniques they employ.  But having a real estate BS detector would be huge breakthrough!  Imagine being able to weed through the BS and nonsense that many real estate agents spout when they are clearly trying to sell.  Wouldn\u2019t it be wonderful to check your real estate BS detector, when an agent is pontificating about a house or themselves, to know if the agent is wasting your time?  Unfortunately, the real estate BS detector is not a real device.  However, there are strategies to help you detect real estate BS.<\/p>\n\n\n\n

\u201cLuke, trust your feelings.\u201d  Ok, there\u2019s no such thing as a Jedi, but empirical research has demonstrated that intuition can be used to weed out lies<\/a>.  Many say they rely on their gut instincts to protect themselves.  But the truth is that many ignore or don\u2019t trust their intuition because the rational mind takes over and dominates.  Increasing your intuition could help you detect the real estate BS and prepare for (and maybe prevent) regretful situations.  Becoming more aware about your \u201cgut feeling” can increase your intuition.<\/p>\n\n\n\n

Being cynical can also help detect real estate BS.  Don\u2019t be rude of course, but questioning what others say helps you clarify and understand them at a higher level.  It can also reveal untruths.  Question all claims and over-the-top statements.  For example, if you\u2019re dealing with a real estate agent, ask for support to any assertion they make about themselves or their services.  Ask to speak to their references.  Also, ask for additional information that support their opinions on the housing market and deciding on a price to sell or buy a home.<\/p>\n\n\n\n

Do your due diligence <\/a>to discover real estate BS.  After asking questions, take what others say or do during the real estate transaction at face value and take it upon yourself to verify it.  It can save you a headache down the road.  It\u2019s easy to verify many aspects of the real estate transaction, because many local jurisdictions have their databases online.  However, making a call or two to a helpful government employee is straightforward and can provide bonus information.  Verify licenses of real estate agents, loan officers, and even home contractors.  Verify permits of home improvements.  Verify the local schools and the home\u2019s zoning.<\/p>\n\n\n\n

Finally, don\u2019t feel pressured<\/a> to do anything.  The BS artist will make it seem as if you have to act immediately.  But if you are not comfortable with the situation or are not yet ready, take a pause.<\/p>\n\n\n\n

By Dan Krell 
Copyright\u00a92017<\/p>\n\n\n\n

Original published at https:\/\/dankrell.com\/blog\/2017\/08\/06\/real-estate-bs-detector\/<\/p>\n\n\n\n

If you like this post, do not copy; instead please:
link to the article<\/a>,
like it at facebook<\/a>
or re-tweet<\/a>.<\/p>\n\n\n\n

\"Protected<\/a><\/figure>\n\n\n\n


Disclaimer<\/a>. This article is not intended to provide nor should it be relied upon for legal and financial advice. Readers should not rely solely on the information contained herein, as it does not purport to be comprehensive or render specific advice. Readers should consult with an attorney regarding local real estate laws and customs as they vary by state and jurisdiction. Using this article without permission is a violation of copyright laws.<\/p>\n","protected":false},"excerpt":{"rendered":"

DARPA issued a recent request for information seeking ideas about how to create automated capabilities to assign \u201cConfidence Levels\u201d to scientific studies, claims, hypotheses, conclusions, models, and\/or theories.  In other words, the Defense Advanced Research Projects Agency wants to create a BS detector.  First reported by Adam Rogers for WIRED (Darpa Wants to Build a … <\/p>\n

Continue reading “Real estate BS detector”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[383,587,370,270,419,382,13,402,141],"tags":[1127,913,597,770,444,490,926,912,797,920,786],"class_list":["post-3070","post","type-post","status-publish","format-standard","hentry","category-consumer","category-due-diligence","category-ethics","category-home-buyer","category-home-owner","category-home-seller","category-real-estate","category-real-estate-agent","category-realtor-ethics","tag-bs","tag-consumer","tag-consumer-protection","tag-due-diligence","tag-ethics-2","tag-home-buyer-2","tag-home-owner","tag-home-seller","tag-real-estate","tag-real-estate-agent","tag-realtor-ethics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p1VZLf-Nw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/3070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/comments?post=3070"}],"version-history":[{"count":13,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/3070\/revisions"}],"predecessor-version":[{"id":6287,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/3070\/revisions\/6287"}],"wp:attachment":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/media?parent=3070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/categories?post=3070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/tags?post=3070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}