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Ranking comparable properties for appraisal

  • US 20050154656A1
  • Filed: 01/12/2005
  • Published: 07/14/2005
  • Est. Priority Date: 01/12/2004
  • Status: Abandoned Application
First Claim
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1. A computer program product encoding a computer program that executes a computer process for ranking a plurality of comparable real estate properties relative to a subject real estate property in an appraisal process, the computer process comprising:

  • receiving scores associated with characteristic categories of the subject real estate property and of each comparable real estate property;

    computing a dissimilarity measure in each characteristic category for each comparable real estate property;

    aggregating the dissimilarity measures associated with individual comparable real estate property to generate a ranking score associated with the comparable real estate property; and

    ordering the comparable real estate properties according to the ranking scores of the comparable real estate properties.

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