Covius, a provider of technology-enabled solutions to the financial services industry, recently announced it has partnered with FoxyAI through Covius’ online auction platform, RealtyBid, according to a release.

The partnership provides users with advanced valuation analytics, including a condition score and highly accurate after-renovation values based on neighborhood property assessments.

RealtyBid is the first national auction platform to offer this level of property insight.  As a result, RealtyBid users can better gauge a property’s potential based on objective data, allowing for smarter, faster investment and buying/remodeling decisions.

The new solution offers investors and potential owner-occupants a complete picture of a property, including:

• A nationally ranked AVM, which includes property characteristics, market information and analytics and hyper-local comparables from Weiss Analytics.
• An extensive evaluation that includes a report from FoxyAI that leverages advanced AI (artificial intelligence) models to provide unbiased, condition-adjusted property valuations. FoxyAI’s computer vision technology evaluates property photos and assigns a score based on the predicted accuracy of the after-renovation value.
• A return on investment (ROI) assessment from Blue Book International (a residential repair and replacement costs publisher) that is coupled with a valuation from FoxyAI and used to estimate the anticipated return an investor can expect from various improvements. This new partnership further solidifies RealtyBid's commitment to leveraging cutting-edge technology to serve real estate investors.

By providing access to enhanced property valuations, including condition-based, after-renovation values, RealtyBid continues to lead in delivering data-driven tools that meet the evolving needs of the housing market.

"Our partnership with FoxyAI marks an exciting step forward for RealtyBid in our mission to deliver best-in-class solutions to real estate investors and future homeowners," Covius Senior Vice President for Asset and Default and RealtyBid Head Christopher Link said in the release. "By integrating advanced AI-powered valuation and localized cost estimation tools, we’re empowering our users with deeper insights into property conditions and renovation costs. This added layer of transparency and accuracy enables buyers to make more informed investment decisions with confidence."

FoxyAI, founded in 2018, is a B2B proptech in real estate visualization and property intelligence, while Covius is a provider of services, insight and technology to leading financial companies.

“We are excited to collaborate with Covius in bringing FoxyAI computer vision technology solutions to the RealtyBid platform,” FoxyAI CEO Vin Vomero said. “It is a delight to work with a company that shares our commitment to using innovation and AI technology to improve the customer experience and ultimately enhance customer economics through better decision making with transparent and accurate information.”