8/6/13
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`AVM's
`What's the deal with AVM's?
`How do they work? What do
`they look at to predict
`value? How can they help
`you?
`For answers to these and
`other questions, click here.
`
`realAccess™ Reports
`real-info.com reports
`present the data you need in
`a concise, easy-to-read
`format. Click on a report
`below to learn more.
`realRecord™
`realComps™
`realReport™
`AVM Reports
`realAssessment™
`
`i-Val™
`
`Q-Val™
`
`CASA (by CSW)
`ValueSure (by Fidelity)
`
`VeroVALUE
`
`PowerBASE
`ValuePoint
`
`HPA
`
`PASS
`
`What is an AVM?
`
`AVMs (Automated Valuation Models) are computer programs that use real estate
`information, such as demographics, property characteristics, sales prices, and price
`trends to calculate a value for a specific property.
`
`The basis of AVMs is adjustments, whether used as an MRA, neural network (multiple
`MRA equations), appraiser emulation, or other method.
`
`Some AVMs use more than one method of calculating a value. Typically an MRA and
`appraiser emulation are used. Appraiser emulation is more like what an appraiser does.
`The most similar sales are selected and adjustments are made.
`How will Real Info's AVM products help you?
`
`We provide automated property valuation solutions at a fraction of the cost of traditional
`appraisal methods in a fraction of the time. By utilizing our proprietary AVM technology,
`we arrive at a value 80% of the time, compared to our best competition at 60% in their
`strong counties.
`What does this mean for Real Info customers?
`
`For every Real Info AVM that "runs" you, the customer, are saving time and money.
`This is a valuable proposition.
`What is hit rate and accuracy?
`
`"Hit Rate" is the percentage of time an ordered AVM returns a value.
`"Accuracy Rate" is the percentage of time an accurate property value is returned.
`What about hit rate & accuracy?
`
`Real Info boasts the highest hit rates and accuracy rates in the industry--82% average
`hit rate, including rural counties. In urban and suburban counties, hit rates can exceed
`90%. Our values are within 8% of the actual market value, compared our competition's
`12 - 14%.
`What is the Total Valuation Solution?
`
`Our total valuation solution means that we offer multiple AVM levels and multiple AVM
`products, with or without insurance. No-hit AVM's can be automatically upgraded to
`drive-by or full appraisals, guaranteeing you a value in every instance.
`
`I hope we have answered all your questions regarding AVM’s. If not please contact us or
`call (800) 771-5246.
`
`The following matrix provides further information on each of our products, including their
`typical costs. Click on the links within the matrix to view sample products.
`
`Product
`Q-Val™ Report
`Automated Valuation
`Model (AVM)
`
`Description
`The Q-Val™ (a.k.a. Quick Value) Report
`takes advantage of the large database
`through a rules-based, expert systems
`model to arrive at a predicted market value
`for a particular residential property. This
`tool is useful for home equity lenders, real
`estate agents, mortgage brokers and
`web.archive.org/web/20051222120807/http://www.real-info.com/products_avm.asp?RISID=e8fc23a9a1189fbff9b9b8e8f86ccde6
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`Price
`
`$50 with no
`volume
`commitment
`
`1/3
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`MICROSTRATEGY 1021
`Microstrategy, Inc. v. Zillow, Inc.
`IPR2013-00034
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`i-Val™ Report
`Automated Valuation
`Model (AVM)
`
`realAssessment™ Report
`Automated Valuation
`Model (AVM)
`
`CASA™
`Automated Valuation
`Model (AVM)
`
`ValueSure™
`Automated Valuation
`Model (AVM)
`
`real-info.com
`bankers, private lenders, home buyers and
`many more.
`The i-Val™ (a.k.a. Instant Value) Report
`takes advantage of the large database
`through a rules-based, expert systems
`model to instantly arrive at a predicted
`market value for a particular residential
`property.
`The realAssessment™ Report is an
`estimated value based on assessed value
`and computer analyzed and calculated
`equalization rate.
`CSW’s Characteristics and Sales Analysis
`(“CASA“) Service leverages a very large,
`meticulously filtered property records
`database and multiple, market-specific
`analytic approaches to estimate current
`market values for individual residential
`properties (single family and
`condominium).
`ValueSure™ generates a value estimate,
`comparable sales listing, and location map,
`along with a confidence factor that reflects
`the extent of available data and accuracy
`of the value estimate. ValueSure™ utilizes
`more than 20 years of historical property
`data and sales information from more than
`1,100 U. S. Counties, and data from 85
`percent of property ownership records
`nationwide, resulting in superior
`geographic coverage and data depth.
`VeroVALUE is a state-of-the-art
`automated valuation model (AVM) used for
`residential property valuation. Veros has
`combined the reliability of real estate
`fundamentals with the power of our
`proprietary advanced predictive
`technologies resulting in highly accurate
`valuations.
`PowerBASE 6.0 combines two proprietary
`engines (PowerBASE and HPA) to
`simultaneously calculate a more accurate
`and reliable property valuation than any
`single-source process.
`Provides estimated value; estimated
`valuation range, date of valuation; a
`confidence score; last market sale
`information and prior market sale
`information along with list of recent market
`sales.
`Powered by proprietary data warehousing,
`PASS delivers highly accurate and reliable
`valuation results for first mortgage, home
`equity and high LTV lenders.
`Home Price Analyzer is known throughout
`the industry for generating precise,
`immediate and reliable residential property
`valuations.
`Offered through a national insurance
`company paying the Insured any covered
`Loss resulting from a Default of a Loan
`and a Faulty Original Evaluation. Please
`contact a sales representative for more
`information on how our AVM's and
`insurance can work for you.
`web.archive.org/web/20051222120807/http://www.real-info.com/products_avm.asp?RISID=e8fc23a9a1189fbff9b9b8e8f86ccde6
`
`VeroVALUE
`Automated Valuation
`Model (AVM)
`
`PowerBASE
`Automated Valuation
`Model (AVM)
`
`ValuePoint
`Automated Valuation
`Model (AVM)
`
`PASS
`Automated Valuation
`Model (AVM)
`
`HPA
`Automated Valuation
`Model (AVM)
`
`AVM Insurance
`
`$25
`
`$15
`
`contact Real
`Info
`
`contact Real
`Info
`
`contact Real
`Info
`
`contact Real
`Info
`
`contact Real
`Info
`
`contact Real
`Info
`
`contact Real
`Info
`
`$120
`(includes AVM)
`
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`
`Flood Certification
`
`Appraisal Quote
`
`Uniform Residential
`Appraisal Report
`
`704 Interior Appraisal
`Report
`(Short Form)
`704 Drive-By Appraisal
`Report
`(Short Form)
`
`This report clearly states whether a
`particular property is within a flood zone.
`It uses the Federal Emergency
`Management Agency (FEMA) flood hazard
`areas to determine flood hazard levels. 24-
`hour turn around time.
`This is a free service that will return the
`user an estimated cost to complete an
`appraisal of the property in question. 24-
`hour turn around time.
`This level of residential appraisal report
`represents a full report which is used in
`determining market value for mortgage,
`estate, home equity, sale, assesment, and
`relocation purposes. The interior and
`exterior of the property is inspected.
`
`This form represents a shortened version
`of a full report. The interior and exterior of
`the property is inspected.
`
`This form represents a shortened version
`of a full report. Only the exterior of the
`property is inspected.
`
`$20 for life of
`loan
`
`free
`
`$300
`(average cost)
`
`$250
`(average cost)
`
`$200
`(average cost)
`
`Legal Dis c laimer T erms of U s e P rivac y
`
`©1 9 9 6- 2 0 0 5 Real Info Inc . A ll rights res erved.
`
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