Terrascope uses AI and computer vision to help urbanites relocate out of cities and find their dream rural properties (land, hobby farms, and recreational homes).
Current Status
Our product has been live since 2020. On Zillow, users view around 9 listings per session, our users are engaged longer and view more listings - 17.6 listings/session.
Stats:
35,200 lifetime users
532,300 listings viewed
411,800 listing feedback received from users
600+ five-star ratings
Testomonials:
I literally just discovered this but it is the best by far device I’ve seen for looking at land for sale! Love the personalized results!
This was a great experience with yall! very user friendly and lots of property to look at, I can not say enough good things about this website.
Problem or Opportunity
56% of buyers rated finding the right property as the most difficult step of buying a home (NAR 2022).
This problem is even more pronounced for the rural real estate market (20% of the US real estate market), because the existing online search tools were created for apartments and houses but finding a hunting cabin is vastly different from buying a one-bedroom in New York.
Solution (product or service)
We built an AI search engine that works like a real estate agent (US Provisional Patent – 63/336,507). The AI search can learn a user’s preferences by analyzing their feedback on properties and then recommend the most suitable rural listings. It is more intuitive and efficient than the existing search models that have not changed since 2006.
Secondly, because many variables rural buyers care about are unavailable, we use computer vision models to extract this data from aerial images, including tree coverage, land flatness, road access, and waterfront type. This data makes our sea
Business model
Current business model:
Lead generation: we receive a fee when a user buys a property.
Long-term business model:
Commissions: replacing external agents, Terrascope can charge a lower commission and pass on the tech savings to our users.
Auxiliary services: provide/connect users to value-add services: home inspection, financing, and homeowner services (building planning, utilities, etc.)
Incubation/Acceleration programs accomplishment
Antler NYC
Creative Destruction Lab - Montreal AI Track
