September 18, 2018
We believe the PricePredictor will help more buyers place successful offers because it offers up probabilities of winning a home at various offer prices and shows you what your offer should be to win that home.
Our global AI team designed the tool after hearing from dozens of home buyers in competitive markets who placed multiple offers without success. One of the biggest frustrations buyers face is determining the true selling price of a home. To address this problem, we designed an innovative tool that goes a step further than existing tools (that only estimate a home’s value) and predict its actual selling price.
So how does it work?
When you’re browsing for homes in the Reali app, just look for homes with the PricePreditor tag and click into the home and tap the circular PricePredictor icon. Once the tool is launched, slide the percent slider to see the estimated probability of what a home will sell for at various offer prices.