[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the Geek Estate Mastermind. Today’s showcase: Appraisal.ai]
Combining big data and artificial intelligence, Appraisal AI is working to create the most accurate Intelligent Valuation Models to increase transparency in real estate markets around the country.
Appraisal AI believes that technology is still underutilized when it comes to the real estate industry. Currently focusing on Single Family Residences, Appraisal AI looks forward to the day when families can make informed decisions about buying and selling without having to guess.
According to CEO and founder, Ritesh Bansal, “We tend to overestimate the short-term impact of technological change and underestimate its long-term impact. AI and Big Data will profoundly transform the real estate transaction process.”
Designed to learn and adapt, their models include data such as neighborhood information (including schools, taxes, crime, hospitals and more), geospatial data sets, social-economic data, spatial data and FEMA.
For more information on Appraisal AI’s work, products and vision, visit www.appraisal.ai.
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