New app gives home buyers access to secret industry property data used by real estate agents

A groundbreaking new app has launched in Australia called Abodey and it connects home buyers with ideal properties for sale based on their needs and preferences. It also empowers home buyers by giving them access to secret industry property data used by real estate agents to list and market properties.

The inside real estate data, available via subscription through platforms such as CoreLogic and RP Data, is used widely by the real estate sector to value and market properties and is not usually shared with the general public.

According to Jo Agresta (pictured), Co-Founder and CEO of Abodey, never before have homeowners been able to access this secret data.

“Thanks to Abodey, it means that buyers no longer have to rely on the glossy marketing brochures and hyped-up pricing estimates of real estate agents, they can now get real industry information about properties and their values in order to make an informed decision about how much a property is really worth and what they are prepared to pay,” Agresta said.

“Abodey flips the power relationship on its head and puts the buyer into the control seat – something that has been long overdue.

“Buyers don’t need to rely on the exaggerated claims of agents and fluffy marketing buzz, they can view the industry property data themselves and gain a real understanding of how much they should spend on a home.”

The app is the brainchild of experienced property advisor, Jo Agresta and technology entrepreneur, Anand Sridharan. Agresta is also the founder and producer of the highly popular ‘No B.S Real Estate’ podcast.

“Abodey is the first app that not only connects home buyers with properties that suit their preferences and budget, it also provides deep insights into the areas buyers are looking to move into,” Agresta said.

“This data includes information about the property, surrounding properties, sales history, proximity to schools, medical services, shops and other facilities and services based on the requirements and specific lifestyle needs of buyers.”

According to Agresta, buyers spend on average nearly 130 hours of research online looking for properties but it can often take up to seven months for them to find and purchase the right property.

“Unfortunately for some, the property could be ideal, but our research shows that one in three people overpay and almost half of them regret their purchase. In the end, their property doesn’t realise the gains that the agent said it would,” Agresta said.

“We understand that buying a home can be a challenging, frustrating and emotionally draining process. It takes a lot of time to search various real estate platforms and work through all the features and attributes associated with listings.

“Many properties hit the market with limited information. Often this is a deliberate strategy to attract as many buyers as possible. Abodey cuts through this and only delivers listings into the hands of app users that meet their unique needs and preferences.

“Abodey users simply set up a profile and walk through the app’s easy and fast onboarding process which gathers information to help connect the buyer with the most ideal property options.”

Agresta explained that the Abodey app sources thousands of data points from a multiplicity of repositories including ABS data, property data, PropTrack, Landchecker, Hotspotting, realestate.com.au, various other property listing platforms as well as a number of other information sites.

Using the latest AI technology, the app is able to compile and apply the information to property listings across a number of sale sites and deliver the best suited property sale listings to Abodey users. The AI also uses a language model that is tailored to the level of understanding of the user. They can choose if they are a new first home buyer or have bought a home before, then the AI will present the data to them in a way that they will understand.

“Abodey does all of the hard work for home buyers and helps them avoid traipsing through properties that are not ideal, or even worse, located in non-ideal suburbs including those where prices are not likely to rise as much as other comparative suburbs.”

Agresta knows demand for the app will be strong.

“I have been on both sides of the fence, as a real estate agent and a buyer’s agent. As a buyer’s agent, I have worked with many home buyers, helping them to find the right property. Abodey translates this process into an easy fast system supported by AI that home buyers can access on their mobile device,” Agresta said.

“Abodey saves you time and it reduces the risk of paying too much or buying into the wrong area. Importantly it also matches buyers with other important services such as conveyancing solicitors, removalists, mortgage brokers, buyer’s agents and a range of other products and services to make your life journey of finding and moving into your new home a wonderful and easy experience.

“Negotiating to buy a home is a stressful process, made easy now thanks to Abodey. Buyers can put forward well-founded reasons for their offer based on secret industry data. We aim to help people find the right home in six weeks or less and minimise the risk of overpaying.”