The goal of Estateeiq is to create a better way for the real estate industry to value properties and make investments with the help of technology. The real estate market is constantly changing and is influenced by a variety of things, including where a property is located, how much demand there is for similar properties, how developed the area is, and overall economic conditions.
In this context, Estateeiq is developing a smart system that uses artificial intelligence and machine learning to predict the future value of properties based on their past performance. The system gathers information about properties from multiple sources, including MLS listings, sold property records, property location, and current economic conditions; then it processes the data in order to identify patterns within them and produce accurate price predictions.
Geographical Information Systems (GIS) are used by users to assess how close to amenities and services someone lives and has to travel (transportation access), and how well a neighbourhood has developed. Being able to do this from the ‘Cloud’ allows for Quick & Safe Processing of large quantities of Data.
In conclusion, Estateeiq believes that they can change the traditional method by which real estate transactions are conducted from one that is based on ‘Data’, as opposed to ‘Opinion’. By having now established a Model that allows Users to conduct Real-Estate Transactions based on the most accurate, up-to-date information available; this model is expected to decrease the possibility of Errors, while improving Quality of Decision Making for all Parties involved.
