Gio Miano talks about Insight

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Why Houseprice.AI created Insight

We created Houseprice Insight, which is part of our offering, and is essentially a way to allow our users to provide their customers with much more granularity, data analysis and insight on a specific area.

How does Insight help the user?

We created the ability for someone to show that they effectively know their area. For example, what’s going to happen if a new Waitrose down the street opens up, what’s going to happen if the school kids are doing better at school, what’s going to happen if the NHS push more money to improve their service in the area. How that is going to affect the value of the area has to affect the value of a property. And how you can actually extrapolate this to have a meaningful forecast.

The significance of using AI and Machine Learning

I think that the problem that we now have is because we value things based on the past, and what we want to do, is we want to try to extrapolate with the ability to do a meaningful prediction in the future. Which is not just drawing a straight line between points and know that is the future value.

What Insight can demonstrate

We want to understand why and what impact each single amenity has. The little park that they are planning to build and how that is going to affect the area, as a community project. Where is going to be the best place to open a park. Where is it going to affect the value of an area. How is it is going to affect the value of an area.

We are helping to create sustainable projects, that also have the minimum impact on peoples life, and also on their most important asset. Their house.

Giovanni Miano is Co-founder and CTO of Houseprice AI. Gio has been involved with HFT projects across the globe and is experienced in designing and implementing highly complex IT solutions. Previously he has served as technical consultant for several global firms such as BP, Trafigura, Morgan Stanley and Goldman Sachs.
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Introducing Houseprice.AI Data Analytics

Everything we do, we believe, challenges the status quo. We believe in thinking differently. Transparency, clarity and consistency are the cornerstones of our philosophy that drive the Houseprice.AI approach.

Our new report is designed to provide property professionals across the residential property spectrum with an innovative and accessible set of benchmarks and reporting templates.
Houseprice.AI’s proprietary reports and benchmarks provide fast and objective comparative analyses between residential projects, from single family homes through to large scale developments. This approach improves estimates of current and future sales prices, Gross Development Value (GDV) estimates as well as identifying risk with far greater precision.
The Houseprice.AI risk/reward index and Classification table further enhances residential real estate data knowledge and improve decision making and profitability.
Click here to see the example report. This is the kind of report you can create using our api. We can also produce this report, on as many areas as you wish, as part of the subscription to our app.

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Mad about Metrics

Houseprice.AI Value

We have introduced 5 different metrics to suit all of our property clients. As a company we are mad about metrics and passionate about using AI data analytics.
A core part of this is to interpret and predict the fairest and most accurate value.

We realise that each sector of the property market has different needs. As an example, an agent wants sales regression for an accurate appraisal, a consumer wants our fair value to protect their investment, whilst a vendor the guided listing price to get the the maximum return on the property.

We give you the tools to help you to make the right decisions for your property interests.

Current estimated value This value is what we call the fair price, property can go higher or lower but this is our AI deduced benchmark value based on over 40 drivers.

Range Includes variables relating to changes in factors such as, aspect, environmental factors, fittings and improvements.

Sales Regression Method used by traditional AVMs. Deriving a value by fitting a line between the recent sales of comparable properties factored for PSQM/PSQF .

Weighted Average A weighted average of sale prices over the past 6 months

Guided Listing price Recommended listing price based on analytics of time on the market and supply demand measures for the area.

Confidence level Statistical measure that is based on how many observations there are for the specific area/property type and deviation from the mean.

Adjusted Value
Gain more precision by adjusting property details and watch the value adjust instantly. The more details you are able to provide, the more precise our adjusted value will be.

Vivienne Brooks is the CCO of Houseprice.AI She has a long history as a Technical Software Support Guru, is a graphic artist and also has a strong background in Marketing.
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Impressionism for AI

Please contact us if you have questions about Houseprice.AI , Horizon, access to our API, or would like to schedule a demo.

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Horizon - add instant floorplans with Magicplan

At Houseprice.AI we are always looking for ways to make our reactive valuation report as cutting edge as possible.

Can you imagine visiting a prospective client at their property, demonstrating the accuracy of an AI based valuation, taking location shots and also being able to create the floorplans, all from your mobile device and on site? Now you can. We are delighted to announce that we have just released the latest refresh of our app featuring Magicplan integration.

The award winning Magicplan app lets you create professional floor plans simply by taking pictures. Our app, Horizon has always made it easy to upload floorplans, but having them drawn up takes time. By integrating Magicplan, in just a few minutes you can provide your vendor with a complete reactive valuation report ready to email, post to your chosen website or share with social media.

A complete report, from AI valuation to floor plan, ready just like magic.

Vivienne Brooks is the CCO of Houseprice.AI She has a long history as a Technical Software Support Guru, is a graphic artist and also has a strong background in Marketing.
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New features

This week we have introduced some great new features to our value report.

Comparables

Our comparable listings now has links to the vendor agent for both current sales listings and current lettings listings. Also new this month are pictures of each property to help you evaluate the external condition and period of the property. Add, remove, filter, and sort homes you feel are most comparable.
You can view comparables by recorded sales, buy listings or rental listings.

PDF Report

At Houseprice.AI we listen. Our PDF report has been completely revamped, by request of a number of our clients, to reflect the layout of our interactive value report. Designed to be viewed landscape across all devices, you can download, email or print out your valuation, comparables and demographics.

Transparency Clarity Consistency
Vivienne Brooks is the CCO of Houseprice.AI She has a long history as a Technical Software Support Guru, is a graphic artist and also has a strong background in Marketing.
Need More Information?

Please contact us if you have questions about Houseprice.AI , Horizon, access to our API, or would like to schedule a demo.

* info@houseprice.ai


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