Flyhomes Shows AI-Powered Home Search Portal Transforming Real Estate

Flyhomes, renowned for creating exceptional real estate experiences, has launched the world's first AI-powered home search portal. This innovative platform, developed over two years, integrates assets from real estate AI startup ZeroDown. The new 'Flyhomes AI' technology brings a true conversational real estate search to the market, offering extensive information to home shoppers online.

Technology Integration and Leadership

The integration of this cutting-edge technology was overseen by ZeroDown co-founders, Laks Srini and Abhijeet Dwivedi. Srini and Dwivedi, now serving as Flyhomes' Chief Technology Officer (CTO) and Chief Growth Officer (CGO), respectively, previously held key roles at SaaS HR platform, Zenefits. Their expertise has been instrumental in developing Flyhomes AI, which aims to transform how consumers search for homes.

Impact of New Commission Rules

The National Association of Realtors' recent settlement mandates that buyers sign a contract to compensate their agents before touring homes. This new rule, effective August 17th, is the most significant change in real estate in over a century. Tushar Garg, co-founder and CEO of Flyhomes, notes that this shift will alter the buyer-agent dynamic, creating market friction. He believes AI's maturity arrives at a crucial time to address this challenge, positioning Flyhomes AI as a leader in the evolving real estate landscape.

Extensive Coverage and Data Integration

Flyhomes AI is now active in 28 states and Washington, D.C., covering 75% of the U.S. population. The portal's AI-powered search engine is trained on nearly 1,000 data points from diverse sources, far surpassing competitors like Zillow, Realtor.com, Redfin, and Homes.com. This comprehensive dataset allows consumers to receive detailed answers to both general and specific real estate questions, enhancing their home shopping experience.

Consumer Readiness for AI

Laks Srini, CTO of Flyhomes, emphasizes that consumers are increasingly ready to embrace AI, as evidenced by their interactions with technologies like ChatGPT and driverless cars. Flyhomes AI aims to fill the gap in real estate, offering a conversational portal that allows users to explore the home buying journey deeply, without sales pressure.

Adapting to Changes in Buyer-Agent Relationships

Abhijeet Dwivedi, Chief Growth Officer of Flyhomes, acknowledges that while AI will change the buyer-agent relationship, it is not intended to replace agents. Instead, Flyhomes AI serves a dual purpose: providing consumers with essential information and offering agents a powerful tool to better serve their clients. This approach aims to enhance the value agents bring to the transaction in a post-August 17th market.

Rich Data Resources

The Flyhomes portal integrates data from sources like the US Census, FEMA, and USGS, along with state, county, city, and local fire department records. Each dataset is meticulously categorized and layered over information from multiple listing services (MLS), creating the richest set of housing data available. This comprehensive resource provides hundreds more data points than the nearest competitor.

Experience the Future of Home Search

To explore the innovative Flyhomes AI-powered home search and research portal, visit flyhomes.com or download the app for iOS or Android.