The Market Machine is an excel-based stand-alone tool for real estate appraisers and other valuers, for use on PCs (not for Mac). Market Machine uses the data that you export from your MLS or other data source. Once you obtain the software, you have it for your use, with no monthly or annual fee. Your local data stays with you and the Market Machine transmits no data to us.
You export your own MLS data (typically 24 months of sales along with all the current actives, pendings, and under-contracts) and then link the data to the Market Machine. Then, within Market Machine, you can generate charts, graphs and a narrative summary of your MLS data.
A notable feature is the regression model page, where you can build a custom statistical analysis of property characteristics for a particular market segment. You are in complete control of building the model (the machine does not build the model for you).
You can then attach the Market Machine report pages to your appraisal report as you deem appropriate for the assignment. Additionally, the Market Machine generates an excel file of all the data you used to retain in your workfile.
SEEING IS BELIEVING
Watch the demo video to get a feel for the workflow, buttons, fields, and screens of the Market Machine. Users are responsible for having an understanding of market trend analysis, property characteristics, data sources, and regression modeling to be able to properly understand input, operations, and output of the Market Machine.
HOW DO I GET THE MARKET MACHINE?
STEP ONE – EXPORT YOUR DATA
Your Market Machine will use data you export from your local MLS. To be able to run up-to-date market reports and regression models, you’ll want to export a fresh set of data periodically, such as weekly or monthly. Each export should have 24 months of sales, and all actives, pendings, and under-contracts, as of the export day.
Be sure you include, at minimum, the following columns in your data export: date of sale, sale price, final listing price, original listing price, days on market, year built, square footage, seller concession amount, seller concessions yes or no, status, and REO, HUD, or Short sale type labels.
Include any other data that will be useful to you for including in analyses and regression models. If you need assistance in exporting from your MLS, contact your MLS provider.
STEP TWO – COMPLETE THE QUESTIONNAIRE
After exporting your sample data, complete the highlighted fields in the Market Machine Questionnaire, which enables us to map your data properly.
Watch the video with instructions on how to fill out the questionnaire
STEP THREE – PURCHASE YOUR MARKET MACHINE
Once you have exported your MLS data and completed the Market Machine Questionnaire, you are ready to purchase your Market Machine. Click on the Buy Now button to complete the purchase.
The Market Machine is registered to one individual. If others in your firm wish to purchase the Market Machine at the same time, you can get
all additional Market Machines purchased at the same time and mapped to the same MLS.