A data driven intelligent system of real estate appraisal

Author

Guo, Xinyou ; Nie, Ya ; Cai, Minglun ; Zheng, Wei

Author_Institution

Sch. of Inf. Sci. & Eng., Zhejiang Univ., Ningbo, China

fYear

2010

fDate

15-16 Nov. 2010

Firstpage

674

Lastpage

675

Abstract

In real estate mortgages, it is an important issue to evaluate property accurately in order to guard against security risks. Based on the analysis of current China´s real estate market, we present the necessity of intelligent system of property value assessment and conduct analyzing and studying by the most widely used market comparison approach. Based on the analyzing work, we design and implement an intelligent appraisal system with the function of data storage, real estate appraisal, data analysis, etc. Designing systems with intelligent evaluation function helps to solve current problems that conclusions of value have been influenced too much by human intervention in the real estate appraisal market.

Keywords

intelligent design assistants; mortgage processing; real estate data processing; China; data analysis; data driven intelligent appraisal system; data storage; property value assessment; real estate appraisal market; real estate mortgages; Appraisal; Benchmark testing; Communities; Intelligent systems; Loans and mortgages; Marketing and sales; data analysis; intelligent appraisal system; market comparison approach; value of property;

fLanguage

English

Publisher

ieee

Conference_Titel

Intelligent Systems and Knowledge Engineering (ISKE), 2010 International Conference on

Conference_Location

Hangzhou

Print_ISBN

978-1-4244-6791-4

Type

conf

DOI

10.1109/ISKE.2010.5680774

Filename

5680774