Real estate firm

6 May 2022
Real estate firm

Overview

A real estate firm not only sells houses to customers but also looks out for them in terms of customer’s personality, if they will be happy with the new location, the financials, understanding the psychology of the customer, helping them through the bank payments etc.

Challenge

One of the major challenge real estate companies faces is the risk mitigation. It is important for the real estate companies to not let their customers down by eliminating risks especially financials.

Implementation

The data analyst came to the rescue. The data analyst built a predictive model leveraging a few existing libraries in R. The variables set on the model were – building location, age, maintenance, issues, detailed owner information. This helped the real estate agents in being transparent to the potential owners about the property.

Benefits Achieved

  • Increase in ROI by 5%
  • Process Automation – once for all
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