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

Claim 15:
16. A method in a computer system having a processor, the method comprising:
accessing, for each of a plurality of homes that were listed for sale, values of attributes for the home including a listing price at which the home was listed for sale, and listing information including a length of time the home was on a real estate market and a result of the listing information;
creating a model by the processor;
training the model, using the values of attributes and the listing information, for:
estimating a likelihood of sale,
collecting a plurality of sale transactions in a geographic area, each of the plurality of sale transactions having a corresponding home,
for each of the plurality of sale transactions in the geographic area, computing a ratio of listing price for the home corresponding to the sale transaction to at least one 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 in the geographic area,
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 in the geographic area;
estimating, using the trained model, for the first home in the geographic area, the likelihood of sale of the first home based upon (a) the automatically-determined estimate of the value of the first home in the geographic area and (b) sale transactions of the plurality of sale transactions that have not been discarded; and
providing, for display to a first user, an indication of the likelihood of sale.