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Buying and selling property has become unimaginable without the help of online real estate marketplaces. Nevertheless, the smooth and convenient experience it offers the customer might be a double-edged sword for real estate specialists. While it’s a goldmine of real-time data that will guide critical business decisions, dealing with complex and dynamic data sources can be a headache.
That’s exactly what Aleksandras Šulženko, Scraper APIs Product Owner at Oxylabs, explores in the latest Scraping Experts video lesson on “Building a Real Estate Monitoring System” as he discusses the challenges and benefits of gathering web-based real estate data.
From pricing to tax history – everything plays an essential role when dealing with properties and even whole neighborhoods. It’s exactly the kind of data that a real estate monitoring system will keep tabs on. It’s also the data that will uncover patterns, predict trends and subsequently inform profitable business decisions.
In his lesson, Aleksandras takes a deep dive into different types of real estate data, how to collect it, and how to gain the most value from it. Most importantly, he delves into common data collection challenges and how to tackle them successfully.
The specific aims, capabilities, and priorities of a company shape every data gathering project. So, it might seem that having a custom-built real estate monitoring system is the most logical approach. On the other hand, outsourcing an adaptable public web data gathering solution might help you focus your efforts on other crucial areas, such as analysis.
Aleksandras considers the pros and cons of both and discusses which path is the most cost-effective and efficient. Moreover, he gives practical advice on how to get the best results no matter the approach you choose.
Aleksandras emphasizes that “Data is becoming a commodity,” and it’s certainly true for the real estate sector. Long gone are the days of relying on intuition and retrospective data for making real estate decisions. Knowing this, Scraping Experts share invaluable advice on collecting robust, verifiable data in real time and gaining a competitive edge in the real estate business.
If you’d like to share your opinions or suggestions regarding Scraping Experts, send them to our friendly team at email@example.com. Alternatively, check out other lessons to learn more about data gathering.
About the author
Enrika Pavlovskytė is a Junior Copywriter at Oxylabs. With a background in digital heritage research, she became increasingly fascinated with innovative technologies and started transitioning into the tech world. On her days off, you might find her camping in the wilderness and, perhaps, trying to befriend a fox! Even so, she would never pass up a chance to binge-watch old horror movies on the couch.
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