Research & Insights - B6 Real Estate Advisors for Dummies

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Research & Insights - B6 Real Estate Advisors for Dummies, REAL ESTATE INSIGHTS



Data science startup Quantarium gathers data from more than 145M homes in the US to help realty agents better envision info related to a home and to forecast when property owners in their portfolio are most likely to make a move. Erick Watson, VP of Corporate Development at Quantarium stated via Timextender: "We aggregate and curate property realty data to assist purchasers and sellers properly price their homes." Their design is called an Automated Valuation Design, or AVM.

"Historically, Residential Brokers were the intermediaries that helped you determine these requirements and make your purchase decision," Watson said. "Now, empirical information is readily available that can assist you make an even better, more educated choice." He determined 2 key difficulties when it comes to information in the realty market: The most substantial challenge, nevertheless, is to gather information related to a possibility's personal life while still respecting the individual's personal privacy.

Rather than depending on internal data from within an agency or brokerage company, or basing choices on past habits, Quantarium's technology allows representatives to use those external hints to forecast future habits and get rid of a lot of the manual aspects surrounding the data collection procedure.

Alexis Maltin is Director of the Analytics team, based in New York. Her competence covers all elements of business property transactions, funding and capital flows and she is a leader on the publication of RCA's United States Capital Trends.

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