The Real Estate Liquidity Analysis Report (RELAR) is designed to determine the likely selling price and the amount of time required to sell an individual piece of residential real estate. RELAR focuses on using sophisticated mathematical methods to predict what is called the liquidity, the amount of money to be derived from the sale of real estate and the amount of time needed to obtain that amount.
The RELAR analysis provides an answer to a basic question about a property: “If the property were put on the market today, how much would it sell for and how long would it take?”
The data analysis uses as input information from both public records databases and real estate sales databases. Public records databases provide title data while real estate sales databases (Multiple Listing Service databases) provide information about real estate offered for sale and the current state of a local real estate market. To find out more about the RELAR statistical model, click here.