12.4.2024 PropStream
It’s no secret that PropStream has been a trailblazer within the real estate data industry for over a decade. And today, we’re proud to announce our latest enhancement:
PropStream Intelligence™!
Look for the PropStream Intelligence Icon— — within the software to know you’re working with data curated by AI to gain more leads and refine your search process. |
PropStream Intelligence—What Exactly Does It Bring To PropStream’s Platform?
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Let’s look at specific new datasets and tools PropStream Intelligence brings to the platform, as well as where you can find them:
New PropStream Intelligence-Powered Data
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Along with quicker and more accurate data powered by AI, each property (where available) will have a “PropStream Intelligence” tab with these datasets:
Property Condition Analysis
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Property Condition is calculated using an AI algorithm that analyzes MLS photo data to estimate the overall quality of the property and its specific features (Exterior, Interior, Kitchen, Bathroom). The grading scale ranges from Disrepair (the lowest quality grade) to Luxury (the highest quality grade).
These are the same scale ranges used by Fannie Mae’s Appraisal characteristics. Our property condition analysis is 99% accurate, and our available scores for properties nationwide will continue to grow each month.
Foreclosure Factor
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Foreclosure Factor utilizes a variety of data and AI-powered algorithms to determine propensity scores for individual properties where mortgages exist to predict a property’s likelihood of going into default.
The grading scale ranges from Very Low to Very High (on a scale from 1-100); the higher the score, the more likely the property will default within the next 12 months using various non-personal factors, including tax information, income sources, home values, loan structure, and homeowner behavior.
Estimated Wholesale Value
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Our new Estimated Wholesale Value calculation is based on our AVM machine-learning algorithm.
It provides a fast and practical estimate for property pricing (at 70% of the AI-calculated estimated value), making it a game-changer for helping wholesalers ensure they get a significant return from each deal.
Our New Upside Down Lead List
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The Upside Down Lead List (bringing our Lead List count to 20) identifies properties with negative equity.
Upside-down equity data is crucial for users because it helps them identify additional selling motivation by understanding negative equity.
Easily Search PropStream Intelligence Datasets in the Filter Menu
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In addition to having intelligent data displayed directly within each property card, you can search for specific parameters within PropStream Intelligence’s datasets in the search menu.
Customize Your Search for Specific Property Conditions
Are you a landlord specializing in luxury real estate? Or, maybe a flipper on the hunt for your next distressed property to renovate?
Your needs as a real estate professional are unique, which is why we make searching for your ideal property leads customizable.
Search by Overall Property Condition (Disrepair, Poor, Average, Good, Excellent, or Luxury) or use these same parameters for specific property features (Bathroom, Kitchen, Interior, or Exterior).
Choose a Specific Foreclosure Factor Range
In addition to customizing your preferences regarding property condition in the filter menu, you can also choose a range for a property’s likelihood of facing foreclosure (e.g., Very Low, Low, Medium Low, Medium High, High, Or Very High).
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Example #1: Say you’re a wholesaler looking for a contract to assign to a flipper within your network. You may choose to make your minimum parameter “Medium High” and your maximum “Very High” to find a range of leads with the highest foreclosure risk. Example #2: On the other hand, you may be a lender in search of borrowers ready to take on a new mortgage with a history of paying their mortgage on time. In this case, you may choose a Foreclose Factor range of “Very Low” to “Low.” |
How PropStream Intelligence Can Enhance Your Business as a Real Estate Professional
These dynamic, intelligent datasets aren’t just beneficial for investors. Real estate professionals of all types can use them to find the best opportunities in the least time. Here’s how:
Important Note: PropStream Intelligence will display conditions for properties that have been listed. Users will still want to utilize additional filters in their searches regarding the status of the property (e.g., on or off-market).
See PropStream Intelligence in Action—Activate Your 7-Day Free Trial!
At PropStream, we’re committed to being the most effective, user-friendly tool in real estate. We help professionals streamline lead generation and find top opportunities quickly.
With PropStream Intelligence, we're taking it further—offering AI-powered data on property conditions and propensity for foreclosure, adding a whole new layer to your search.
See why real estate pros are excited! Log in or start your 7-day free trial today.
