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- Jun 25, 2004
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The author of estibot is a bright, stand up guy. I respect what he is trying to do. Producing an accurate and reliable appraisal formula is extremely difficult and no one has it right yet. But he's getting there. He also uses disclaimers which is a moral imperative to avoid being branded a charlatan.
The most problematic element of automated appraisals is their inability to incorporate the "X-factor" ... which is by far the most important ingredient in a high-end domain valuation. The weighting of many variables and ratios that go into an appraisal formula are not magic, but the subjective impressions of the person writing the math algorithm.
The most problematic element of automated appraisals is their inability to incorporate the "X-factor" ... which is by far the most important ingredient in a high-end domain valuation. The weighting of many variables and ratios that go into an appraisal formula are not magic, but the subjective impressions of the person writing the math algorithm.