MODELING COMPARABLE PROPERTIES WHERE THE SUBJECT PROPERTY IS A CONDOMINIUM PROPERTY
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United States of America Patent
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Issued Date -
Dec 20, 2012
app pub date -
Jun 20, 2011
filing date -
Jun 20, 2011
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Abstract
Modeling appropriate comparable properties for a condo property includes accessing property data, and identifying candidate condo properties in the accessed property data to produce condo property data. A regression is performed using the property data, with the regression modeling the relationship between price and explanatory variables, and the explanatory variables including at least one variable that is specific to condo property assessment. The regression accommodates a modeling of comparable properties, such that a subject condo property and comparable properties may be identified and displayed.
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