The first home listings went online in 1994. Map-based search for homes debuted in 2005. Integration of value estimates, comparable properties, and other complementary data was fully realized by 2010.
Today, there are hundreds of home search websites and apps that are all more or less identical. List view, map view, photos — a 3D walkthrough on some of the listings — they all have basically the same features.
The truth is, significant innovation in online home search stopped over 10 years ago.
At homegenius Real Estate, we’re not okay with that. Consumers and the real estate professionals who serve them deserve better.
We’ve opened a new frontier in home search for the first time in a decade through a combination of data, analytics, and advanced AI we are uniquely prepared to deliver. And because we are affiliated with Radian Group Inc., a trusted provider to thousands of real estate and mortgage professionals for decades, we approach this endeavor from a place of stability and trust.
“Seeing” homes in an entirely new way
The first breakthrough we achieved with our home search platform was the application of sophisticated AI to a vast database of property photos—we call it homegeniusIQ. This image recognition and photo analysis technology makes it possible for agents and clients to conduct searches based on a home’s appearance and condition. Smart filters let you search by features and amenities identified through homegeniusIQ (for example, “stone countertops” in the kitchen or “wood floors” in the bedrooms) and compare properties based on the condition of each room.
With homegeniusIQ, users can also upload photos to search for properties that match their desired attributes. Buyers can upload their vision board photos of their dream home and find the closest match available on the market.
Smarter home value estimates
Home price estimates have been placed on active listings for more than 15 years. But these estimates are often inflated or otherwise inaccurate, complicating the work of real estate agents and confusing consumers.
We leveraged homegeniusIQ technology here as well to bring commercial-grade pricing estimates to the homebuyer: The geniusprice. Because we are able to assess and compare the features within homes, and the condition of those features, a geniusprice estimate delivers a more fully considered pricing assessment. Agents working with their clients on the homegenius Real Estate platform can use the geniusprice to make smarter decisions faster.
More to come
This is just one step on our journey to reignite innovation of the real estate transaction from search to close — innovation that benefits both consumers and real estate professionals.
The homegenius family of companies seeks to connect people, data, software and solutions in ways others are not prepared to execute, or dare to imagine, in order to open a new world of real estate possibilities in which everyone wins.
The search platform is just one of many steps we are taking toward that goal. Visit homegeniusrealestate.com to test drive it for yourself.
© 2023 homegenius Inc. All Rights Reserved. 550 East Swedesford Road, Suite 350, Wayne, PA 19087. Real estate services provided by homegenius Real Estate LLC and homegenius Real Estate Inc. (collectively dba homegenius Real Estate), each a subsidiary of homegenius Inc. 7730 South Union Park Avenue, Suite 400, Midvale, UT 84047. Tel: 877-500-1415. homegenius Real Estate LLC and its wholly owned subsidiary are licensed in every state and the District of Columbia. homegenius Real Estate makes no express or implied warranty respecting the accuracy of room condition scoring provided through homegeniusIQ, property description, condition or measurements (including square footage) and assume no responsibility for errors or omissions.