Patent ID: 11861747
Assignee: MFTB HOLDCO, INC.
Field: Computer technology (Electrical engineering)
Classification: CPC G | IPC G

Claim 19:
20. A non-transitory computer-readable medium having instructions that cause a computer to perform a method for estimating a likelihood of sale of a distinguished home at a particular listing price, the method comprising:
for each of a plurality of home attributes, accessing a value of the attribute for the distinguished home,
accessing one or more trained models, each trained model predicts a likelihood of sale of a home based on the values of attributes for the home and a listing price, the trained model estimates a likelihood of sale for homes,
wherein training the model further comprises:
collecting a plurality of sale transactions, each of the plurality of sale transactions having a corresponding home,
for each of the plurality of sale transactions,
computing a ratio of listing price for the home corresponding to the sale transaction to an estimated value of the home corresponding to the sale transaction,

determining an aggregate of the computed ratios, wherein the aggregate of the computed ratios includes a mean of the computed ratios or a median of the computed ratios, and
for at least one sale transaction of the plurality of sale transactions,
determining that the ratio computed for the sale transaction is more than a threshold distance from the determined aggregate of the computed ratios, and
in response to determining that the ratio computed for the sale transaction is more than the threshold distance from the determined aggregate of the computed ratios,
discarding the sale transaction from the plurality of sale transactions;

retrieving an automatically determined estimate of a value of a first home;
estimating, using the trained model, for the first home, the likelihood of sale of the first home based upon (a) the automatically-determined estimate of the value of the first home and (b) sale transactions of the plurality of sale transactions that have not been discarded; and
generating a display page that includes an indication of the first home and an indication of the likelihood of sale of the first home estimated using the trained model.