Orange County’s Revive Makes AI-Powered Property Valuation Tools Freely Accessible to All

IRVINE, Calif., – What if you could see your home’s future value after making the right improvements?

For the first time, presale renovation leader Revive is making this possible by offering free access to its AI-powered property valuation tools, empowering sellers and real estate professionals alike.

The Revive Vision AI platform, which features its proprietary After Renovation Value tool (think Zillow’s Zestimate, but it shows the maximum potential value of your home if it were updated to be in optimal market-ready condition), and its tech-leading neighborhood property conditions analysis, are AI-powered by computer vision and machine learning.

"Making Revive Vision AI available to anyone marks a new era in property valuation, where agents and consumers alike can access real-time, data-driven insights to make informed decisions to maximize the value of a home,” said Dalip Jaggi, co-founder and COO of Revive, and long-time OC Startup Council member and supporter.

He pointed out that Revive’s platform-leading AI-powered computer vision and machine learning technology not only estimates current value but also reveals a property's untapped potential, helping sellers to ensure they never leave money on the table again.

According to Jaggi, Revive Vision AI provides two more real estate market benefits: unlocking housing inventory as it provides sellers with clear, actionable insights for maximizing their home's value and preventing financial loss as it helps sellers make informed renovation decisions before listing, ensuring they capture the full market value.

Key Features of Revive Vision AI:

• Rigorous testing by top real estate professionals: The Revive Vision AI platform has
  undergone months of testing to ensure accuracy and reliability.
• Free access to advanced AI tools: Previously available only to registered real estate
  agents, Revive Vision AI is now freely accessible to all agents and consumers, including prospective sellers.
• Advanced valuation insights: Leverages computer vision and machine learning to
  provide instantaneous, accurate insights into both the current and potential market
  value of properties.
• After Renovation Value (ARV) estimations: Reveals what a home can be worth with
  strategic improvements, offering detailed steps to maximize value.
• Comparative accuracy: Enhanced ability to compare properties with top local
  comparables, focusing on key features impacting market value.
• Actionable reports: Instantly generates insightful property reports to inform strategic
  selling and renovation decisions, offering two types of complimentary reports:
  ○ Incomplete Report: Provides basic insights from an address without requiring
  photos.
  ○ Complete Report: Offers in-depth analysis using photos and detailed
  neighborhood comparisons.
• Mobile-Friendly Access: Available from any device – phone, tablet, laptop, or desktop.

With Revive Vision AI now in the hands of both agents and consumers, collaboration is elevated. Together, homeowners and agents can explore how strategic presale renovations can elevate a home's market value, ensuring that sellers avoid leaving money on the table and achieve the best possible outcome.

Consumers and real estate agents can explore a property's full potential with Revive Vision AI, accessible at revivevision.ai.

About Revive

Orange County-based Revive Real Estate partners with real estate professionals to provide the funding, guidance, and contractors needed to get strategic presale renovations done fast and for maximum value. Discover more at www.revive.realestate.

Media Contacts:

Candice Mooring | Revive Real Estate
(949) 989-5399
candice@revive.realestate

Kevin Hawkins
(206) 866-1220
kevin@wavgroup.com

SOURCE: Revive Real Estate

NAR Names Revive the Winner of 2022 Pitch Battle Competition at iOi Summit

Irvine, CA – The National Association of Realtors® announced Revive as the winner of its fourth annual “Pitch Battle” competition at the 2022 Innovation, Opportunity & Investment (iOi) Summit, held in Los Angeles.

Irvine, CA-based Revive Real Estate, a member of the OC Startup Council, offers the most complete presale home renovation solution for sellers and cash-backed offer programs for buyers. Revive topped 12 hot PropTech startups, including unicorn startup, Pacaso, a marketplace for second home fractional ownership.

iOi Pitch Battle contestants competing also included Agently, an AI-powered coaching and productivity platform; Arx, an investment decision-making engine for the real estate industry; CubiCasa, a market leader in mobile indoor scanning with its floor plan app; Fractional, a marketplace for friends and investing communities for fractional real estate ownership; Inspectify, a property inspection and evaluation platform; Prisidio, a cloud-based vault to securely store and organize essential documents; RentBase, a rental platform for lease workflow and sales; Residently, offering renters their next home months in advance of a move; Stake, which helps renters build their savings; and Symba, a financial well-being solution for real estate agents.

NAR’s strategic investment arm, Second Century Ventures, hosted this year’s Pitch Battle competition, providing an opportunity for 12 finalists to showcase innovative new tools and resources for commercial and residential real estate marketplaces.

The top prize was awarded to Revive, a fast-growing startup with a mission to guide sellers through presale renovations to sell their homes for more. The company, founded in 2019 and headed by cofounders Michael Alladawi and Dalip Jaggi, uses a next-generation approach to home preparations that enables sellers to make the most practical and impactful updates without the upfront cost and uncertainty generally associated with home improvements.

“This year’s Pitch Battle saw some of the most promising PropTech startups showcase their innovations to a crowd of stakeholders ranging from global investors to futurists to real estate professionals,” said NAR CEO and SCV President Bob Goldberg. “Revive embodies the essence of iOi and our Pitch Battle – the products and services on display today will have a tremendous impact on consumers and real estate agents. I’m thrilled we have this opportunity to promote the progress unfolding in the market, and I congratulate Revive on the well-deserved victory.”

In its pitch, Revive highlighted the hands-on approach it takes to help home sellers maximize the return on investment.

Founder and CEO Michael Alladawi explained how his company has developed processes, technology and expertise to guide homeowners and Realtors® when creating their plans for renovations. Revive provides capital at no upfront cost to the homeowner and a vetted, high quality contractor to execute those plans.

In addition to the considerable exposure, Revive will be awarded $15,000, a booth at NAR's annual conference in November (NAR NXT) and will present the next Pitch Battle winner at the 2023 iOi Summit.

The Pitch Battle’s Crowd Favorite, as voted on by the in-person and virtual audience, was awarded to Stake, an innovative loyalty program delivering cash back for renters. Currently available in 30,000 homes nationwide, Stake empowers renters to save, build wealth, and unlock free and equitable banking services.

During the company’s pitch, Co-Founder and CEO Rowland Hobbs explained how rental communities that offer Stake outperform with dramatically improved demand, loyalty and retention.

The National Association of Realtors® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries.

Second Century Ventures (SCV) is the most active global real estate technology fund. Backed by NAR, SCV leverages the association's more than 1.5 million members and an unparalleled network of executives around the globe. SCV helps portfolio companies grow across the world's largest industries including real estate, financial services, banking, home services and insurance. SCV also operates the award-winning REACH scale-up program in the U.S., Canada, Australia and the UK.

SOURCE: WAV Group Communications

Revive enhances its brand, becomes Revive Real Estate, changing its top-level domain destination to revive.realestate

IRVINE, Calif. — July 20 2022 — Revive, the most complete presale home renovation solution for sellers and cash-backed offer programs for buyers, announces the enhancement of its brand, becoming Revive Real Estate, and changes its top-level domain to revive.realestate.

"By officially becoming Revive Real Estate, we boost the clarity of our brand and can amplify it with a hot top-level web domain extension," said Michael Alladawi, Revive Real Estate CEO and founder. “Very few Proptech firms, if any, can say that their domain is only their name. It gives our business instant recognition and elevates our marketing,” he added.

Created by the National Association of Realtors and launched in 2018 alongside .realtor for members of NAR, the .realestate domain is free of restrictions from NAR affiliation. It allows firms like Revive Real Estate to creatively market its brand by leveraging “real estate” as a descriptive and universally understood term.

"Securing .realestate is a fantastic fit for Revive to better connect with brokers and their agents, as well as home sellers, buyers and others who are part of the presale renovation ecosystem," said Colleen Doyle, Vice President, RIN and Strategic Initiatives at NAR. “This top-level domain helps firms like Revive own their segment in our industry, setting them apart from their competition,” she added.

Revive is one of nine Proptech firms in the 2022 NAR US REACH program, operated by Second Century Ventures, the strategic investment arm of the National Association of Realtors and the most active global real estate technology fund.

Revive offers presale renovation services for homeowners to help maximize their profits from their home sales. When homeowners renovate their homes before selling, they maximize their return on their most significant asset — their home. Revive research shows that sellers leave 15 to 20 percent of potential profits on the table if they sell their homes “as is.”

Alladawi notes that presale renovation is a burgeoning new industry, offering a new tool that more agents and sellers need to know about.

“Revive sellers average $186,000 more than the costs of the renovation, and substantially more in higher-cost markets,” Alladawi explained. “The more we spread the word – and our new enhanced brand will help – the more wealth we can help create for homeowners when they sell their homes,” he added.

According to Revive research, a little more than 8% of all homes in the US as of February 2022 were worth at least $1 million. If just one in ten sellers of homes worth $1 million or more chose a presale renovation, sellers would net tens of billions of dollars in additional sale proceeds.

"The potential of additional annual wealth creation is staggering," said Revive Real Estate cofounder Dalip Jaggi, noting, "Every year, some 5 million to 6 million existing-home sales occur. If just 5% of these homes chose a presale renovation, sellers could increase by $56 billion.”

Learn more at www.revive.realestate.

About Revive

Revive’s mission is to guide home sellers through presale renovations without upfront costs. By providing access to Revive’s network of top contractors, home sellers gain an average of $186,000 in additional profit when selling their homes. Revive homes sell for more and help sellers move ahead by maximizing their sales value. Learn more at www.revive.realestate.

Media Contacts:
Candice Mooring | Revive Real Estate
(949) 989-5399
candice@revive.realestate

Kevin Hawkins
(206) 866-1220
kevin@wavgroup.com

SOURCE: Revive

Dalip was a fun and energetic guest on Accelerate OC. 

He is a super active and busy guy, with a full-time job as head of business development at Vincit, a contract software development firm, as well as a startup, Eva Smart Shower, and several other volunteer efforts at OC Tech Happy Hour, Tech Coast Venture Network, YEC and Forge 54.

Dalip is also involved with a new group here, Coded in OC, which is bringing together companies here who are developing software here in Orange County. Dalip is getting more member companies involved.

He sold his company, Devise Interactive, to Vincit last year, which he started while he was still finishing his degree at Cal State Fullerton. And he only finished there about 5 years ago!

Dalip is also a member of the Forbes Technology Council, sharing his insights globally on the Forbes platform.

Dalip is big on technology and purpose. He's a great representative of the younger entrepreneurs emerging here, who are interested in solving big problems and building their companies in Orange County.

He envisions a bigger thinking and risk-taking Orange County in the next 5 years, where entrepreneurs are comfortable and vulnerable to ask for help, support each other and celebrate all that is happening here. Let's all get on board with that vision!

Thanks to Accelerate OC show host Carey Ransom for another interesting episode promoting Orange County startups!

Listen to more episodes of the Accelerate OC Podcast here.