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Methodology:
Define a criteria to score a property
Visit three properties with no intent to offer, and score them to produce an average
For each subsequent property, score it and if it's more than 10% above average make an offerI used a different methodology when buying my house, as I had two definite requirements. Had to be in Ely, had to have a double garage. There were three houses in Ely for sale with double garages, so I viewed all three in one day, and bought the one I liked most. Completed 3 weeks later. #csb
Brommers
Yeah.
Methodology:
We literally did not define an area, just got on the mailing list of a couple of chain estate agents and looked at their new instructions or reductions that they emailed out.
We are very happy bunnies as this place is a dream place for us in an area we do like a hell of a lot, and at a price we could afford.
We would not have seen it using the original area based approach as it wasn't a first choice area and we would've been looking elsewhere.
I figured that our inexperience could be supported by some math, and chose https://en.wikipedia.org/wiki/Optimal_stopping as the primary way to approach it.