Repair Pricer

Repair Pricer operates as a technology-driven service firm that converts home inspection reports into detailed and accurate repair cost estimates. The company primarily serves property buyers, real estate agents, and property inspectors within the US real estate market. Its business model revolves around providing these estimates for a fee, which can be paid per report or through bulk credit purchases for frequent users like contractors and inspectors. Retail pricing for a report generally ranges from $70 to $100.

The company was founded in 2015, and its creation was a direct response to a recurring issue in real estate transactions. The concept originated from a system used by a Realtor, an inspector, and a contractor. The Realtor would give an inspection report to the contractor to price out repairs, using the estimate as a negotiation tool. This informal process became so popular that the contractor developed a pricing tool to handle the volume, which laid the groundwork for Repair Pricer. The company was co-founded by Christian Adams, who serves as the CEO. Adams' background as a Realtor, where he primarily represented buyers and investors and negotiated over 1200 home contracts, provided him with a deep understanding of the negotiation phase following a home inspection. Robert Tye, the COO, brings extensive construction and logistics experience from his time as a certified master builder and British Army veteran.

The core of Repair Pricer's service is its proprietary platform that utilizes artificial intelligence, natural language processing, and a vast database compiled from analyzing over 400,000 inspection reports. When a user uploads a home inspection report, the system analyzes the findings. This automated process is supplemented by a manual review from a pricing expert to ensure accuracy. The platform delivers a zip-code-specific estimate within 24 hours, boasting 98% accuracy in real-world scenarios. This quick turnaround is a key benefit, empowering homebuyers and agents with actionable data during the often time-sensitive negotiation period of a property purchase. For home inspectors and contractors, the service offers a way to add value for their clients, generate leads, and create an additional revenue stream. In July 2023, Repair Pricer was acquired by InspectionGo (iGo) in an all-stock transaction, with Christian Adams taking on the role of Chief Revenue Officer at iGo.

Keywords: home repair estimates, real estate technology, proptech, home inspection report, property negotiation, repair cost calculator, real estate agent tools, homebuyer resources, construction cost data, AI in real estate, property inspection software, home maintenance costs, real estate transaction, negotiation tool, property valuation, Christian Adams, InspectionGo, iGo, Wasatch Equity Partners, residential construction costs