Power Your Real Estate Insights with Industry-Leading Solutions - Truths

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Power Your Real Estate Insights with Industry-Leading Solutions - Truths, REAL ESTATE INSIGHTS



Data science start-up Quantarium gathers information from more than 145M homes in the United States to help realty representatives much better envision info connected with a property and to forecast when house owners in their portfolio are likely to make a move. Erick Watson, VP of Corporate Advancement at Quantarium stated through Timextender: "We aggregate and curate domestic realty information to help buyers and sellers properly price their houses." Their model is called an Automated Valuation Model, or AVM.

"Historically, Residential Brokers were the intermediaries that assisted you identify these criteria and make your purchase choice," Watson said. "Now, empirical data is readily available that can assist you make an even much better, more educated choice." He determined 2 key obstacles when it concerns data in the realty industry: The most significant challenge, nevertheless, is to gather information related to a possibility's personal life while still appreciating the individual's personal privacy.

Rather than counting on internal data from within a company or brokerage firm, or basing decisions on previous habits, Quantarium's innovation enables agents to utilize those external ideas to predict future behavior and eliminate a lot of the manual components surrounding the information collection process.

Alexis Maltin is Director of the Analytics group, based in New york city. Her know-how covers all elements of industrial realty transactions, financing and capital flows and she is a leader on the publication of RCA's US Capital Trends.

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