Brainbay’s reference module helps generate an overview of similar homes for each residential property in the Netherlands. The reference homes are selected based on an intelligent algorithm combined with the knowledge and experience of property analysts.
Why connect to Brainbay’s API Reference?
- Based on the most complete and current property market database in the Netherlands.
- The reference module works for each residential property in the Netherlands.
- Based on an intelligent algorithm combined with the knowledge and experience of property analysts.
The most exhaustive and current data in the Netherlands
As NVM’s subsidiary, Brainbay has been managing NVM’s database (MIDAS) as well as the exchange system known as Tiara. As a result, Brainbay’s reference module is based on the most complete and current housing market database available in the Netherlands.
The best reference homes
Brainbay’s reference module is about comparing houses on location in the first place, searching for comparable houses on the same street or in the same area. In addition, factors like living space, plot size, construction period and type of property matter as well when selecting the best reference homes. Soon, the model will also include the state of repairs. The state of repairs is determined by using visual recognition on property images and text mining on ads offering property.
The reference module pays off for each residential property in the Netherlands, seeking to present the most relevant reference homes. As a result, the reference homes shown were either sold in the past two years, or they belong to existing offer. It has been deliberately decided not to include the transaction price when selecting reference homes. It is to make sure the references independently represent the property’s value.
"Neighbourhoods often have a specific character and they can be quite different although they exist next to each other. And so, my favourite feature of the references is to search for houses in the same neighbourhood in addition to other features as well."
The reference module is also unlockable as API, which means it is available to external parties as well. With Brainbay being NVM’s subsidiary, external parties may only connect to Brainbay’s API Reference Module under the correct terms. One of the main conditions is the added value which the connection provides to NVM’s real estate agents.
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