Valuation system
First Claim
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1. A valuation system for estimating a valuation of a target property comprising a non-transitory computer-readable medium having instructions stored thereon, which when executed by one or more processors of the valuation system cause the valuation system to:
- receive, at the one or more processors, user traffic activity information concerning property information included in the website, wherein the user traffic activity comprises information of a first set of users each of whom has accessed a property web page for a target property;
identify, by the one or more processors, a set of properties other than the target property whose property web page was accessed by at least a threshold number of users in the first set of users;
select, by the one or more processors, a group of comparable properties for the target property from the set of identified properties based on the user-traffic activity of each of the threshold number of users in the first set of users;
retrieve, from a memory coupled to the one or more processors, property data regarding the group of comparable properties;
receive, by the one or more processors, actively provided user-generated data, including user reviews on the website of a neighborhood of the target property from a second set of users, wherein the user reviews concern a set of categories regarding the neighborhood;
receive, by the one or more processors, fact-based data comprising data not based on user activity or user input;
process, by the one or more processors, the property data using a first data model to obtain a first valuation of the target property;
process, by the one or more processors, the user reviews using a second data model to obtain a second valuation of the target property;
subject, by the one or more processors, the fact-based data to a third data model to obtain a third valuation of the target property,wherein at least one of the first data model, the second data model, or the third data model is configured to process only one among the property data, the user-generated data, and the fact-based data; and
combine, by the one or more processors, the obtained first, second, and third valuations to obtain a collective estimated valuation of the target property; and
display, at an interface, the collective estimated valuation of the target property.
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Abstract
Estimating a valuation of a target property is disclosed, including receiving user-generated data regarding one or more properties associated with the target property, processing the user-provided data using one or more data models that are configured to process the user-provided data, and combining the output of the one or more data models to obtain an estimated valuation of the target property.
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Citations
17 Claims
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1. A valuation system for estimating a valuation of a target property comprising a non-transitory computer-readable medium having instructions stored thereon, which when executed by one or more processors of the valuation system cause the valuation system to:
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receive, at the one or more processors, user traffic activity information concerning property information included in the website, wherein the user traffic activity comprises information of a first set of users each of whom has accessed a property web page for a target property; identify, by the one or more processors, a set of properties other than the target property whose property web page was accessed by at least a threshold number of users in the first set of users; select, by the one or more processors, a group of comparable properties for the target property from the set of identified properties based on the user-traffic activity of each of the threshold number of users in the first set of users; retrieve, from a memory coupled to the one or more processors, property data regarding the group of comparable properties; receive, by the one or more processors, actively provided user-generated data, including user reviews on the website of a neighborhood of the target property from a second set of users, wherein the user reviews concern a set of categories regarding the neighborhood; receive, by the one or more processors, fact-based data comprising data not based on user activity or user input; process, by the one or more processors, the property data using a first data model to obtain a first valuation of the target property; process, by the one or more processors, the user reviews using a second data model to obtain a second valuation of the target property; subject, by the one or more processors, the fact-based data to a third data model to obtain a third valuation of the target property, wherein at least one of the first data model, the second data model, or the third data model is configured to process only one among the property data, the user-generated data, and the fact-based data; and combine, by the one or more processors, the obtained first, second, and third valuations to obtain a collective estimated valuation of the target property; and display, at an interface, the collective estimated valuation of the target property. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15)
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16. A method for estimating a valuation of a target property, comprising:
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receiving by one or more processors, user traffic activity information concerning property information included in a real estate website, wherein the user traffic activity comprises information of a first set of users each of whom has accessed a property web page for the target property; using the user traffic activity to identify, by the one or more processors, a set of properties other than the target property whose property web page was accessed by at least a threshold number of users in the first set of users; using the user traffic activity to select, by the or more processors, a group of comparable properties for the target property from the set of identified properties based on the user-traffic activity of each of the threshold number of users in the first set of users; retrieving, from a memory coupled to the one or more processors, property data regarding the group of comparable properties; processing, using the one or more processors, the property data regarding the group of comparable properties using a data model to obtain a valuation of the target property; and causing the obtained valuation of the target property to be displayed at at least one interface coupled to the one or more processors.
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17. A computer program product for estimating a valuation of a target property, the computer program product being embodied in a non-transitory computer readable medium and comprising computer instructions for:
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receiving, by one or more processors, user traffic activity information concerning property information included in a real estate website, wherein the user traffic activity comprises information of a first set of users each of whom has accessed a property web page for the target property; identifying, by the one or more processors, a set of properties other than the target property whose property web page was accessed by at least a threshold number of users in the first set of users; selecting, by the one or more processors, a group of comparable properties for the target property from the set of identified properties based on the user-traffic activity of each of the threshold number of users in the first set of users; retrieving, from a memory coupled to the one or more processors, property data regarding the group of comparable properties; receiving, by the one or more processors, actively provided user-generated data, including user reviews on the website of a neighborhood of the target property from a second set of users, wherein the user reviews concern a set of categories regarding the neighborhood; processing, by the one or more processors, the property data using a first data model to obtain a first valuation of the target property; processing, by the one or more processors, the user reviews using a second data model to obtain a second valuation of the target property; combining, by the one or more processors, the obtained first and second valuations to obtain a collective estimated valuation of the target property; and causing the collective estimated valuation of the target property to be displayed at at least one interface coupled to one or more processors.
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Specification