SYSTEMS AND METHODS FOR SELECTING COMPARABLE REAL ESTATE PROPERTIES

摘要

Embodiments of systems and methods can determine comparable real estate properties for use in the valuation of a subject real estate property. For example, a geographic area surrounding the subject property can be divided into smaller regions and a set of one or more regions having property characteristics that most closely match the characteristics of the subject property can be identified. Comparable properties can be selected from this set of regions rather than from the overall geographic area as a whole, which may lead to identifying better-matching comparable properties as compared to selecting comparable properties from the overall geographic area (which generally will include regions that are poor matches to the subject property).

主权项

1. A method for selecting real estate properties that are comparable to a subject real estate property, the method comprising:
under control of a computer system comprising a physical computing device in communication with at least one nontransitory data repository: receiving, by the computing device from the at least one data repository through a network communication channel, information about the subject real estate property, the information including at least a location of the subject real estate property; mapping, by the computing device, a geographic area surrounding the location of the subject real estate property into a plurality of regions; determining, by the computing device, for each of the plurality of regions, a regional statistical characteristic of properties located in the respective plurality of regions; determining, by the computing device, based at least in part on the respective regional statistical characteristics and the information about the subject property, a set of one or more regions that match the subject real estate property; selecting, by the computing device, comparable properties from the set of one or more matched regions; and providing, through the network communication channel, the selected comparable properties to an entity.