Property valuation model and visualization
US11551317B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 3, 2020 |
| Grant date | Jan 10, 2023 |
| Priority date | — |
| Expiry date | Aug 13, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0206
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
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.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.