A leading real estate services company was missing out on high-margin opportunities in its commercial efforts. It was still relying mostly on human « gut feeling » to appraise for sale and for rent properties.
Its existing tool was logging deal values but offered little in the way of recommendation or valuation. Furthermore, data quality was a persistent issue.
We thus set out to design a customized valuation system.
Cleaning and homogenizing the property and deal databases laid the project’s groundwork.
From there on, we integrated business knowledge into the tool through feature engineering and incorporated real estate experts’ pricing criteria.
We then compared two solutions to estimate the technical feasibility/efficiency of the property appraisal
Our client opted for the second solution in the end.
In less than four weeks, we provided our client with an automated tool ready for deployment, whose property appraisal accuracy rate was good enough to provide a significant competitive advantage against the competition in terms of:
Since 2015, Agilytic helps innovative leaders solve their biggest challenges through the smarter use of data. With over 80 successful projects to date, we have perfected a pragmatic approach to putting data at the service of business goals, be they commercial, operational, financial, or human. Reach out today for a quick introduction, we’d love to hear from you.