Local Market Intel is the first company to provide current local market growth data online. We are opening up a whole new category of local market intelligence. With different data, real estate professionals be more effective, help buyers and sellers, AND make more sales/profits.
SaaS application and tech is done, we are pivoting to an API strategy. APIs will launch in May/June of 2019
With over 400 beta testers & users, we are now focused on developing 4 API types. Each updated every month/quarter. According to CB Insights, the industry spent over $1.7B last year, just on data. API growth is very fast. Millions of agents with different data, be more helpful. If not, we will, and get referral fees.
Problem or Opportunity
THE PROBLEM OF ACCESS: Everybody knows its location, location, location. But Zillow doesn’t have it, nor do Realtors. To illustrate, if Starbucks, wanted to open 50 stores next wk. - How do they do it? They buy & aggregate expensive monthly data, & build their own proprietary in-house data-mapping system. Costing over $500K to build. Big players have access - investors & Realtors do not. The problem with yearly data is, it’s just not helpful in making an informed decision. It’s not enough. There is a huge Data GAP. Banks do not use ANY yearly data. Why should you?
Solution (product or service)
OUR SOLUTION: LMI is a powerful, real-time local market analytics intelligence tool. LMI is one of the most advanced tools for analyzing and crunching a large variety of economic factors that affect RE investments, for you and your clients. No software to buy, no programmers to hire, and no huge ongoing data costs to keep your data fresh.
Let’s say a client wants to know where in CA are the top local markets, that have the highest growth in disposable income, & median incomes of over $175K, to build their luxury homes. You could drive around from Redding to San Diego. A better way - Select Pro Yearly Data, CA, Median Income, Over $175,000 - To set Condition 1. Next, Select Mo./Qu. Growth Data, for Disposable Income, based upon the last 12-Months growth, to set Condition 2. Export your list. Add links to identify each area. Then add to your custom reports, and other media. That’s Powerful. That’s the power of LMI.
We have lots of competitors. ONLY Growth Maps delivers the leading indicators - the latest demographics and economics and local forecasts. No competitor offers a web-based product to help professionals make real-time, location-based decisions, based upon the latest local growth and local forecasts. Thus there is a huge opportunity for new products, innovation, and collaboration.
Advantages or differentiators
WHY NO ONE HAS DONE THIS BEFORE: It is very hard to develop, and takes a lot of custom coding. The data is not free, and you cannot pull the data from any vendor or website. It takes a lot of time, many years, and a huge financial investment to build dynamic customizable real-time data-maps, with block group forecasting models. Currently this technology does not exist on the web.
WHY US AND WHO I AM: Bought and sold over 40 properties, and been licensed in 4 states.
Built accurate AVMs or Automatic Valuation Models. Build FVMs or Future Value Models, with an accuracy of ±2% at the City Block level. After many years of testing, I discovered how to build price forecasting models. I’ve tested dozens of data vendors, costing over $500,000 in data, and testing to see which variables has influence on future prices and risk, to get our accuracy of ±2%.
We are seeking $500,000 in seed funding - to build our APIs, partnerships, & growth. So everybody can access - not just the big boys. What do you think about an innovation with different data AND adds value?
We have a API business model. Our initial target markets are CRE Professionals and Investors. Growth Maps is an unparalleled blend of driven location intelligence and next generation GIS technology designed for ALL commercial RE professionals including brokers, investors, developers and growing retail brands of all industries. We are on the cloud, so we can very easily integrate our data and technology into any website or portal.
Money will be spent on
We are seeking $500K seed funding - to build are APIs, partnerships, and growth. To refine the data, so everyone can access - not just the big boys and players. What do you think about a solution that offers better data AND technology?
Offer for investor
What do you think about a solution that offers better data AND technology? TBD