Praizl

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Praizl: Fast Facts

Praizl is a millennial home search app that takes in the homebuyer's home preferences and searches for the best matches while they sleep. 24/7.

Praizl brings back the joy of house hunting by delivering that are perfectly matched with the buyer’s needs and desires – eliminating unnecessary time, frustration, and the feeling of overwhelmingness. The platform then delivers highly qualified leads to trustworthy realtors that they quality control and strictly monitor.

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The Hassle of the House Hunting

On average, homebuyers spend about 124 hours researching homes before buying. About 60 hours of this time is spent simply trying shortlist homes that they like.

According to McKinsey, much of this hassle is due to that fact that listings are missing upwards of 58% of the information that homebuyers care about, such as neighborhood noise levels, walkability, transportation options, and lifestyle traits.

Even though this information is extremely important to homebuyers, existing real estate platforms have failed to deliver it in search results.

Praizl is taking the better approach.

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Turning “the Hunt” on its Head

Praizl takes readily-available data and uses it to match homebuyers with their ideal homes based on their unique needs and desires. With our proprietary matching engine, homebuyers get exactly what they want, in a fraction of the time.

Praizl is designed using both direct and abstract homebuyer preferences to recommend listings that match. This includes even the most specific criteria like the builder, building specs and much more.

With Praizl, house hunters no longer have to waste time forever scrolling through a map and searching through dozens of listings they would never even consider. As our system learns the specific preferences of the house hunter through their searching, Praizl will start providing more targeted and relevant results.

How do we do this? We use 2 supervised machine learning models (1 for matching engine, 1 for search indexing), 1 NLP processor for parsing queries, and 1 scoring algo for computing match strength.

Plus, get notifications about listing updates for homes that match your criteria. And, if you’re located in a hot market, benefit from live inventory alerts.

Praizl is designed with trust and privacy at the core. Until you’re ready to take the next steps towards buying, no realtors or brokerages have access to your information.

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Early Accomplishments

The Praizl platform is fully developed and, despite zero marketing efforts to date, has somehow seen 100 user signups and over 500 unique visits to its website in a week.

In less than 5 minutes, Praizl has matched beta users with homes they would consider buying. Plus, 8 out of 10 people who used the Praizl found a home that they really liked within their first 20 swipes.

Praizl is currently a part of the following startup programs:

Praizl also has warm relationships with notable companies including Local Logic, Esri, and Remax.

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How We Started & Meet the Team

Praizl’s co-founders David, Ramie and Quintin started noticing that many of their friends were frustrated at the house hunting process. They tested their hypothesis by making a reddit post, and then knew there was a real and pervasive problem in the overall population. After researching the problem in-depth, they found that technology had not kept up with homebuyer expectations.

In fact, there is no home search platform today that helps homebuyers find what they’re looking for in a meaningful or user-friendly way. Most simply provide every possible listing, with little focus on what matters most. The trio set out to find a better way.

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Disclaimer

This presentation is provided by Praizl Inc. (the “Company”) on a private and confidential basis solely for the information and use of the recipient to which it is furnished and on the express understanding that it will be used only for informational purposes. This presentation is proprietary and may not be copied, reproduced, republished, posted, transmitted, distributed, disseminated or disclosed, in whole or in part, to any other person in any way without the prior written consent of the Company.  This presentation is for informational purposes only and does not constitute and should not be construed as an offer to sell or solicitation of an offer to buy any shares, assets or other securities or related financial instruments of the Company, nor does it constitute the contractual basis for the sale of any assets, shares or other securities. Any such solicitation will only be made, if at all, through formal offering materials or definitive legal agreements.   No securities commission or regulatory authority in Canada, the United States of America or any other country has in any way passed upon the merits of this opportunity or the accuracy or adequacy of this presentation.

This presentation is not, and under no circumstances is to be construed as, a prospectus or an offering memorandum, each as defined under applicable securities legislation. In the United States, this presentation is directed only at institutional “accredited investors” (as defined in Regulation D promulgated under the Securities Act of 1933, as amended). By agreeing to receive this presentation, you represent and warrant that you are an “accredited investor” and that you agree to be bound by the provisions of this disclaimer. Certain information contained in this presentation concerning economic trends, market positioning and other topics is based on or derived from information obtained from independent third-party sources. Although the Company believes that the sources from which it has been obtained are reliable, the Company cannot guarantee the accuracy of such information and has not independently verified the accuracy or completeness of such information or the assumptions on which such information is based. Moreover, independent third-party sources cited in this presentation are not making any representations or warranties regarding any information attributed to them and shall have no liability in connection with the use of such information in this presentation.  The sole purpose of this presentation is to assist the recipient in making a preliminary decision as to whether to further investigate a possible transaction. This presentation does not purport to be all inclusive and does not contain all of the information that a prospective party to a transaction may wish to review in investigating the Company or the proposed transaction. The Company is not making, and expressly disclaims, any representations or warranties (express or implied) regarding this presentation, or any information contained herein or any transaction contemplated hereby. None of the Company or any of its affiliates or any of the Company’s or its affiliates’ respective directors, officers, employees, members, managers, partners advisors or other representatives shall have any liability to any person in connection with the use of the information in this presentation, or its accuracy or its completeness, the achievement or reasonableness of any forward-looking statements (including forecasts, estimates or prospects) expressed or implied herein. 

THIS PRESENTATION IS NOT INTENDED TO FURNISH LEGAL, TAX, ACCOUNTING, INVESTMENT OR OTHER ADVICE TO ANY PROSPECTIVE INVESTOR IN THE COMPANY.

This presentation may include certain forward-looking statements with respect to anticipated future performance, business prospects and opportunities. Forward looking statements may be indicated by words such as “may”, “will”, “would”, “should” “expect”, “intend”, “estimate”, “anticipate”, and “believe” and similar expressions and/or their negatives. These may include, among other things, projections, forecasts, estimates of income, yield or return, future performance targets, scenario analysis or specific investment strategies or sector investment. These forward-looking statements are based upon certain assumptions concerning market factors and the future performance of the Company, and these assumptions may or may not prove to be correct. All forward-looking statements in this presentation involve risks and uncertainties which may cause future results to differ materially from those expressed or implied herein. There can be no assurance (i) that estimated returns or projections will be realized, (ii) that forward-looking statements will materialize or (iii) that actual results will not be materially different than those presented herein. The Company expressly disclaims any obligation or undertaking to provide any updates or revisions to any forward looking statement to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

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