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Fig.1-1 / Click to Enlarge

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RELAR Features and Benefits

  • RELAR provides many values and market conditions along the price time continuum.

    • Previous 6 month Market & Variance.  Previous 3 month Market & Variance.  Current Market & Variance. Expired Market Ceiling & Variance.  30, 60, 90 Pricing & Variance for Mitigation & Foreclosure.
    • Predicts Price & Time with variances when a buyer will arrive, List to Sales Ratio & Confidence Score on prediction.
  • Front-end & back-end quality control for origination and servicing

    • Verify value before ordering an appraisal & verify comps selected by appraiser.

  • Appraisal & BPO confirmation tool for value & comps

    • RELAR’s Comp Selection Engine & Geo Image Neighborhood Analysis Engine (GINA) selects corrects comparables. Both engines are integrated with each other analyzing price / time relationships & distressed comparables.
  • Retrospective valuations for push-backs & appraisal fraud & error

    • Uses data of that period as if were today and uses MLS data like appraisers do!
  • Single queries can be ordered interactively, override property characteristics

    • Displays Title GLA and Realtor GLA definitions and allows user override.
  • Multiple queries can be formatted from an Excel spreadsheet &  uploaded for processing.

    • Overrides for property characteristics,  retrospective valuations, confidence score minimum thresholds, results page and report links are available.
    • User can quickly upload large amounts of requests, download custom formatted results in Comma Separated, Pipe Separated values.  User can also load results page from bulk history screen.

RELAR’s Unique Features

  • RELAR has the ability to evaluate properties in non-disclosure states, REO, Short Sale and Foreclosure properties that are considered and evaluated. 
  • RELAR has the ability to locate and provide results on properties that other models simply can’t. 
  • RELAR is one model and not a cascade of models. 
  • RELAR uses no assumptions or jump off points in its methodologies.

RELAR Interactive Results Page (Fig. 1-1)

  • Price and Time to Market Estimation with +/- Range
  • Confidence Score
  • FSD Confidence Score
  • List / Sales Ratio
  • Market Time & Variance
  • 30, 60, 90 Pricing & Variance for mitigation
  • GLA Title & MLS Information with the ability to override and re-calculate
  • Force Minimum Confidence Level Thresholds
  • Map and View Subject & Comps at 400 ft. level
  • REO, Short Sale, Foreclosure, Consideration and Exclusion
  • View Completed Listed Sales
  • View Properties Under Contract / Pending
  • View Open Inventory Listings
  • View Expired Listings
  • Export Results to PDF and CSV


RELAR Property Map Locator (Fig. 1-2)

  • Locate property via map
  • View and confirm property by entering address by map
  • Select alternative properties moving the push pin to other properties
  • Request retrospective valuations by date
  • Add reference number


Property GLA Definition Page by Public Records and Realtor Records (Fig. 1-3)

  • Property characteristics from public records and realtor records
  • Ability to override GLA and use your own definitions
  • APN for public record


Market Price Components for Subject

Past Time Components Price Range (+/-) Predictive Components Price Range (+/-)
Six Month Component $512,103 $70,583 Pending Listings Component $441.354 $88,074
Three Month Component $445,436 $89,050 Active Component $457,085 $78,535
Current Month Component $441,354 $88,074 Expired Listings Component $515,366 $77,727

  • 6 month prior market pricing and variance
  • 3 month prior market pricing and variance
  • Current condition market and variance
  • What pending listings are selling for and variance
  • What active listings are asking for and variance
  • Market ceiling price and variance


Pending Sales (Fig. 1-4)

  • Select Comparables and Re-Calculate
  • View if Comparables are REO, Short Sale or calculate REO Distance from subject to comparable property
  • View date of original listing and time on market


View Subject Properties and Comps at 400 ft. Level

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Recalculation, Force Minimum Confidence Thresholds, Reset to Defaults


Items Contributing to the Confidence Level Explained

Items Common to All Property Lists

Items Affecting Current Price Regression

  • 4203: Negative Similarity Function Price Correlation to Room Count
  • 4203: Negative Similarity Function Price Correlation to Room Count
  • 4416: Garage Count Regression Not Used in Pricing

Items Affecting Three Month Price Regression

  • 4201: Negative Similarity Function Price Correlation to Bedroom Count
  • 4203: Negative Similarity Function Price Correlation to Room Count
  • 4201: Negative Similarity Function Price Correlation to Bedroom Count
  • 4203: Negative Similarity Function Price Correlation to Room Count
  • 4403: Negative Correlation of Lot Size to Price in Pricing
  • 4416: Garage Count Regression Not Used in Pricing

Items Affecting Six Month Price Regression

  • 4201: Negative Similarity Function Price Correlation to Bedroom Count
  • 4201: Negative Similarity Function Price Correlation to Bedroom Count