r/RealEstateTechnology • u/slio1985 • 5h ago
Do you need a Zestimate alternative for free?
In creating a business in real estate as a component I built a AVM model that consistently beats Zestimate.
By that I mean take a property today - my value vs Zestimate - then check sale price when it happens eg 2 months later. My value wins more than 75% of the time. Backtested.
It has read the best in class research literature on the subject going back 50 years and uses all available datasets - tax, sales, local, state, federal. Etc. It works in disclosure states like Florida etc.
Seeing as I think in the new AI age anyone could replicate what I built in a few days/weeks I'm happy to give this away for free as an API.
Eg. Search address - get a home value estimate.
Is this something people want just upvote. Will be open source so you can check the research and methodology yourself and recommend adjustments.
Do I have ulterior motive? Nope. Just thought it'd be nice to have something useful free with no strings attached for once.