Investor Presentaiton
Pricing advantage: data, accuracy and automation
Feature level home data
Meaningful improvements in accuracy
145
Unique features per
inspection
175K
On-site inspections
25M
Home level data inputs
1B
Home level adjustments
Countertops
+$5.1K for granite
Bedrooms
+$15.0K from 2 to 3
Roofing
+$9.0K if < 5 yrs
Appliances
+$3.9K for stainless steel
Hardwood floors
+$1.5 / sq ft
HVAC system
+$8.5K if <3 yrs
Garage
+$4.5K / space
Predicted vs. actual resale price
(absolute delta)
2Q18 acquisition cohort.
2Q19 acquisition cohort.
Least mature
More mature
Most mature
Market
maturity
With step-function increases in automation
41%
63%
1Q16
1Q18
1Q20
Note:
On-site inspections and home-level adjustment metrics reflect to-date company data as of August 2020; feature price adjustments indicative
Accuracy data based on expected resale price at time of underwriting vs. realized sale price. Automation rate based on percentage of offers sent without human intervention
17View entire presentation