AI-Powered Property Estimates Implementation Guide
Our real estate APIs offer an AI-Powered Property Estimates feature, providing AI-generated price predictions for properties. This feature allows users to gain valuable insights into property values, both for listed and off-market properties. Homeowners and sellers can use these predictions to understand their buying power or equity position, helping them make more informed decisions. Key Features On-Market Property Estimates For every listed property, an AI-generated price predictionPopularAI-Powered Property Estimates Explained
Overview RESTimates is our advanced artificial intelligence feature that provides property value estimates using machine learning technology. Our system analyzes market data to deliver reliable predictions for both on-market and off-market properties. How RESTimates Works Machine Learning Foundation RESTimates uses a sophisticated machine learning model trained on comprehensive market data. The system continuously learns from real estate transactions to provide the most current andFew readersUsing Historical MLS Data for Off-Market Property Estimates
Overview Off-market properties typically require manual data entry through the 'Create Estimate' endpoint to generate property valuations. However, you can streamline this process and create a better user experience by leveraging historical MLS data when available, providing users with instant estimates without requiring manual property detail input. Solution: Automated Payload Population Instead of requiring users to manually enter property details for off-market properties, you can chFew readersUnderstanding and Improving Confidence Scores
What is the Confidence Score? Important: The "confidence" field is actually a predicted error percentage, not a traditional confidence score. This naming can be counter-intuitive since lower values indicate higher confidence in the prediction. In hindsight, this field would be more accurately named predictedError since that's what it actually represents: Lower confidence value = Higher actual confidence Higher confidence value = Lower actual confidence UndersFew readersWhy do I get a 403 error when making an estimate request?
Overview If you're receiving a 403 Forbidden error when trying to access RESTimates (AI-Powered Property Estimates), this indicates that the RESTimates addon is not included in your current plan or has not been activated for your account. Understanding the Error The 403 error occurs because: RESTimates is not included by default in plans The addon requires a separate upgrade and activation Your account lacks the necessary permissions to access the estimation endpointFew readers