Andrea Cope
Engineers at Caley Dr, Littleton, CO
License number
Colorado 32111
Issued Date
Jul 17, 1997
Renew Date
Nov 1, 2015
Expiration Date
Oct 31, 2017
Type
Professional Engineer
Address
Address
7819 W Caley Dr, Littleton, CO 80123
Professional information
Condition Scoring For A Property Appraisal System
US Patent:
2005015, Jul 14, 2005
Filed:
Jan 12, 2005
Appl. No.:
11/034456
Inventors:
Christopher Kim - Littleton CO, US
Charles Gadd - Littleton CO, US
Andrea Cope - Littleton CO, US
Santiago Silva - Littleton CO, US
Charles Gadd - Littleton CO, US
Andrea Cope - Littleton CO, US
Santiago Silva - Littleton CO, US
International Classification:
G06F017/60
US Classification:
705030000, 705019000
Abstract:
An appraisal system obtains reliable information relating to subjective property characteristics of a property and quantifies the contributions of such subjective characteristics on the value of the property. An appraiser enters subjective property information regarding a subject property into the appraisal system, which evaluates other properties using property data obtained from property databases to identify comparable properties. Key condition data for the comparable properties is extracted from subjective property characteristics available from the real estate property data. The key condition data for both the subject property and the comparable properties is catagorized and assigned condition scores based on the characteristic's impact on the property valuation. The condition scores for each property are combined into composite condition scores, which can be quantifiably compared with property characteristics to assist in selecting comparable properties. The condition scores of the subject property may also be employed to adjust the resulting appraisal value.
Ranking Comparable Properties For Appraisal
US Patent:
2005015, Jul 14, 2005
Filed:
Jan 12, 2005
Appl. No.:
11/034238
Inventors:
Christopher Kim - Littleton CO, US
Charles Gadd - Littleton CO, US
Andrea Cope - Littleton CO, US
Santiago Silva - Littleton CO, US
Richard Li - Denver CO, US
Charles Gadd - Littleton CO, US
Andrea Cope - Littleton CO, US
Santiago Silva - Littleton CO, US
Richard Li - Denver CO, US
International Classification:
G06F017/60
US Classification:
705030000, 705019000
Abstract:
In support of an appraisal process, comparable properties are ranked using an algorithmic approach that considers multiple property characteristics of multiple properties to find and order the most similar properties to a subject property. In one implementation, a deterministic linear dissimilarity algorithm is used to compare multiple characteristics of multiple properties, relative to a subject property. An appraiser can also weight various characteristic categories to emphasize features the appraiser believes to be most important in the appraisal. The appraiser can therefore customize the weightings associated with such property characteristic categories to reflect local valuation relationships.