Estater Meter: fast and affordable real estate appraisal with improvements

Estater Meter: Real Estate Valuation Changes in the Middle East

Photo: Estater would like to thank Digital Journal users for the service description.

There's a scenario: you're in a fast real estate market. There is an object that you want to purchase. If you don't act quickly, you may miss out on a million dollar investment opportunity, but you know the valuation will take a few weeks. And it's going to cost a lot. This is how the real estate market currently works. Fortunately, there is a fundamental shift thanks to a technological solution created by Estater founder Sanjay Goyal. Its real estate valuation platform, Estater Meter, is changing real estate valuation in the Middle East.

Before Goyal's solution came along, real estate valuation was a long manual process. Getting the appraiser involved took time, and waiting for a report to support the value of the property seemed like an eternity. Not only did it take up valuable time, but, in most cases, it was also expensive. Estater's founder explains, "Customers no longer want to wait for data or research. They crave fast, high-frequency data immediately. This realization led us to develop a software platform that gives customers access to data rather than delayed analysis results." Not only do they want data faster, but they need it in hot markets where quick decisions are required.

The Estater Automated Valuation Model (AVM) is breaking new ground for real estate investors. The model utilizes advanced artificial intelligence, algorithms and massive amounts of data to instantly estimate the value of a property at an obscenely low cost.

The platform works like a search engine, allowing users to select a neighborhood, view current deals and offers and select a property on a map for instant evaluation. Estater Meter operates in four countries - Saudi Arabia, Kuwait, Bahrain and the UAE, has over 10 million properties and plans to expand into India and Asia. Estater's founder emphasizes the enormity of the task, saying, "When we expand into India, we will reach hundreds of millions." Goyal adds: "We aim to work in cities where such a resource is unavailable and useful, but it requires a huge amount of data. "

Estater Meter is not just an innovative concept, it is a project that is backed by action. Goyal was able to successfully raise $5 million in investment, indicating the market's belief in its potential. Going forward, Goyal is looking forward to expanding strategic partnerships to prepare for a breakthrough first quarter. The founder emphasizes the importance of funding, saying, "Creating multiple information streams through which information is transmitted is the most expensive part. Discovering algorithms and engineering is one thing, but maintaining a constant source of data is the real challenge. "

Estater Meter is changing the game of real estate valuation, making it cost-effective and efficient in the Middle East and around the world. It laid the groundwork for a new era where real estate information is not a luxury, but a readily available necessity. Real estate investors in India are preparing to say goodbye to the long waits and high costs of appraising properties; hoping that one day we too can get rid of the wait and fees and benefit from the simplicity, speed and accuracy of Estater Meter. Learn more at estater.com.

John Stoyan is a professional writer from Wisconsin.

He manages editorial teams of writers across the United States, helping them become more experienced and versatile. In his spare time, he enjoys spending time with his wife and children.