HOME VALUE ESTIMATOR

摘要

A home value estimator software application and related method assist a broker to systematically and accurately estimate the value of a customer's home. Another aspect of the disclosure relates to a heuristic research methodology that can be used to determine values of different characteristics of a home to estimate the value of the customer's home. Further, the values are categorized into different levels using other heuristic methods and then stored in at least one matrix in a database. The software application accesses the values based on user input data to calculate an estimate of the value of the customer's home. Thus, the estimate more accurately reflects the appraised value of the home than the prior art. Consequently, an insurance company may quote an initial premium and insurance coverage of home insurance product to a customer that requires less or nor adjustment after a home inspector appraises the home.