Tag

false-negative

“Concierge Mode” on MLS: The Realtor Antidote to “Why’d You Send Me THAT One?!?”

Balancing Home Search “False Negatives” vs. “False Positives” When setting up searches for prospective Buyers, the goal is to find “the Goldilocks” happy medium:  sufficiently narrow criteria that the resulting list is manageable . . . but not so narrow that the search returns only a handful of listings. Or none. In practice, for most Buyers, the...
Read More

“False-Positives,” “False-Negatives,” and Residential Real Estate (Huh?!?)

Deciding Which Way to Err, or, “A Picture Showing is Worth 1,000 Words” In medicine, a “false-positive” refers to a test result that is incorrect because the test indicated a condition or finding that does not exist. Unsurprisingly, the opposite of a “false-positive” is a “false-negative” — a test result that is incorrect because the test failed...
Read More

Archives