Revaluate lets you know what it’s like to live at a specific location…before you move there. By combining a “carfax-like” home history report with a proprietary scoring platform, Revaluate has created a livability rating that allows buyers, renters and real estate professionals to quickly and accurately compare significant and subtle differences between properties.
“According to market research, 39% of people say they would not move where they currently live if they had known more about the property and the surrounding area,” said Revaluate co-founder Chris Drayer. “That’s what Revaluate does, gives you deep insight into a property before you move in.”
Revaluate simplifies, organizes and standardizes millions of data points across neighborhoods and specific addresses to produce a unique score for each address. The score is based on four key Categories: Safety, Environment, Quality of Life and Expenses producing the unique “livability score” for each address.
“Most current real estate sites will tell you the stuff you already know about a property”, said Chris, “Revaluate tells you about noisy construction projects, or continual issues with the buildings elevators or safety issues in the surrounding area…those things that can severely impact the livability after you move in.”
Chris and his team came to Digital Sandbox KC looking for direction and connections that could help them move forward with their concept.
“I liked the Revaluate idea from the first time I heard Chris explain the concept,” said Jeff Shackelford, director of Digital Sandbox KC. “They’re unique ability to procure very detailed and pertinent data points at the address level is unique and valuable.”
After accepting a Digital Sandbox scholarship to Kauffman’s FastTrac Tech Venture course, the Revaluate team built a a more complete business plan and go-to market strategy.
“The Kauffman FastTrac course was so beneficial”, said Drayer, “not only for driving us to do a more complete business model but also for the connections we made.”
Revaluate has released its beta version to a limited audience in the Manhattan, NY real estate market.