Yeah, $200 vs $1,000 is the same ballpark...Domains can sell for $1 or $14 million. That's a big range.
If $200 vs $1,000 is not the same ballpark, then we might as well stop trying to appraise altogether. That's very little difference.
No one, machine or human, can actually tell whether a domain will be sold at $200 or $10,000, let alone $200 or $1,000 all depends on the seller and buyer.
What one can do, and what a machine can also do, is give a rough ballpark estimate of the probable neighborhood of value.
$200 basically means $xx - $x,xxx depending on buyer/seller motivation and assets
$5,000 means $xxx - $xx,xxx
That's the way it is....it's just a pointer. Even so, it is surprisingly close in many cases.
As a general comment (not talking about you guys), I've noticed that folks tend to have completely unrealistic expectations and a fantastical idea of what an autoappraiser might be capable of doing. I've worked at this quite a bit and I know it'll be hard to make it significantly better. If you see one, let me know
