There are multiple startups working on real estate appraisals
The thing with RE is that its as imperfect as you can imagine. Its possible that the listing price varies from the real sales prices because its a part of the marketing campaign, which that alone puts a lot of noise into the market. (for example, putting a 100k house at 80k can get people in a bidding war ultimately irrationally or emotionally paying above 100k. Alternatively, a higher listing price might make the seller more adept and following a realtor.)
> I guess the problem is, there's not any money in having an accurate prediction.
Market fit is definitely one of the hardest parts of the problem.
Some companies have decided to actually buy the houses and sell them themselves!
The thing with RE is that its as imperfect as you can imagine. Its possible that the listing price varies from the real sales prices because its a part of the marketing campaign, which that alone puts a lot of noise into the market. (for example, putting a 100k house at 80k can get people in a bidding war ultimately irrationally or emotionally paying above 100k. Alternatively, a higher listing price might make the seller more adept and following a realtor.)
> I guess the problem is, there's not any money in having an accurate prediction.
Market fit is definitely one of the hardest parts of the problem.
Some companies have decided to actually buy the houses and sell them themselves!
Disclaimer: I'm one of them.