Applying the concept of social media networks to property valuation

To determine a value for the subject property, the most common AVM method is the use of prices of comparable properties that were recently sold. This is typically done by identifying all properties within a certain distance of the subject and then applying guidelines to find those that are most similar to the subject in terms of property characteristics and location factors.

This recently introduced valuation solution leverages artificial intelligence and machine learning capabilities built on Cloud technology. Using single model methodology to support diverse use cases and markets, users only need to validate one model, which is tuned by use case to deliver unsurpassed hit rates, accuracy and consistency.