Industry Description
ValueAI is inspired by the dynamics of the real estate market in the leafy suburbs of South West London. We came up with an innovative way to register interest in properties, see what your property can be worth with improvements, explore the area and more.
The user journey starts with a photo and a location. This combination identifies an address, and it allows us to start the data gathering process. We inquire with the Land Registry to figure out the last sale price, we check the EPC data for sq. footage, compare to the House Price Index and assess the current value.
Consumers can then explore various what-ifs - what if we expanded the house, what if we redo the kitchen, how about a loft extension? All of these modify the valuation price and entice users to discuss real estate.
“As a seasoned Real Estate veteran and technology enthusiast, I am noticing trends and wondering how they apply to Real Estate. ValueAI is a way to bridge that gap - how do we do valuation and scenario planning in a modern way? The TOL team have been instrumental bringing this to market and I would highly recommend them to anyone looking for a reliable partner.“
ValueAI - Mobile Platform Functionality
The following functionality is used to bring valuations on the mobile phone:
Take a Photo
The consumer takes a photo of the desired property. This, together with the location, identifies the address.
Land Registry Integration
Once the location has been identified, we retrieve data from Land Registry: last sale price, other house prices in the zip code and the house price index.
EPC Integration
The EPC is a little nugget of information for real estate - every house has one when it's rented or sold. We use it to identify number of rooms and sq. footage.
Register and Claim
Consumers can claim their property and register (either e-mail, with Google or with Facebook). Once the property has been claimed, owners receive messages of interest.