Automated Valuation Model for Residential Real Estates

EasyChair Preprint 2780

Abstract

The general aim of this research project is to point out a series of essential and relevant elements to have a better understanding on several issues of valuation. His particular purpose is to highlight the content of a significant and actual valuation technique, i.e. Automated Valuation Model, and the possibility of its application in Cluj-Napoca, which is one of the most dynamic cities in Romania, especially when it comes to residential buildings. In our paper we will try to create an algorithm and for that we will use a software program, and in the end, we expect to simplify the valuation process. The general aim of this research project is to point out a series of essential and relevant elements to have a better understanding on several issues of valuation. His particular purpose is to highlight the content of a significant and actual valuation technique, i.e. Automated Valuation Model, and the possibility of its application in Cluj-Napoca, which is one of the most dynamic cities in Romania, especially when it comes to residential buildings. In our paper we will try to create an algorithm and for that we will use a software program, and in the end, we expect to simplify the valuation process.

Keyphrases: Automated Valuation Model (AVM), market value, property valuation, software

@booklet{EasyChair:2780,
  author    = {Silviu-Ionut Babtan},
  title     = {Automated Valuation Model for Residential Real Estates},
  howpublished = {EasyChair Preprint 2780},
  year      = {EasyChair, 2020}}