Buyers overpaying based on school ratings?
Homes with towns with the top school scores often fetch the highest dollars.
Real estate agents play a key role here, using scores as part of their pitch and on their websites as well.
But are buyers getting "duped" here, in some cases overpaying by hundreds of thousands based on poorly understood stats, with little understanding of the broader measures of what makes for a solid school system?
That's the question raised out in the Bay Area, like Greater Boston, another boutique, high-priced real estate market where competition for homes is fierce.
The San Francisco Chronicle takes a look at the school ratings issue. Here's a summary of the story on Inman News.
Buyers, sellers, agents, what are you seeing here in the Boston area? Are school ratings abused by agents and misunderstood by buyers? Are buyers overpaying based on superficial rankings found on websites or in publications?
Here's a passage from the SF Chronicle story that any buyer out there with school age children should consider.
Educators say test scores can often reflect the makeup of a school's population. Low-income students and those who speak English as a second language can dent overall scores, but high-scoring schools don't always have the best teachers or programs.
I say forget about scores at some point - once you hit a certain threshold what you want are decent, dedicated teachers? What's your take?
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