Property valuation model and visualization
Abstract:
Automated property value calculation is provided. The method comprises receiving historic transaction data for a group of real estate properties over a specified time and receiving characteristic data regarding the properties for a number of defined categories. Historic data is also received for a number of demographic parameters over the specified time. The demographic data corresponds to regions in which the properties are located. A predictive valuation model is built with the financial transaction data, characteristic data, and demographic data. Individual values are calculated with the predictive valuation model for a new group of real estate properties according to their characteristics. The individual values are then aggregated. Financial transaction data is received for the new group of properties, and a net asset value of the new group of properties is calculated according to the aggregated valuations and financial transaction data.
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