Based on the Annelys Thesis

AdHome

The AI-powered platform that replaces real estate agents and manages the entire home buying, selling, and ownership lifecycle.

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Avg Commission
Saved ($K)
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CA Commission
Pool ($B)
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Buyers Would
Skip Agents (%)
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Direct Competitors
in California

Real estate is broken.

Every layer is a cost center and point of failure. The process costs too much, takes too long, and is controlled by misaligned intermediaries.

💸

Commission Drain

5-6% agent commissions cost Bay Area buyers/sellers $66,000-$76,500 per transaction. On a $2M San Mateo home: $103,600.

🔗

Fragmented Process

No single system has consciousness of the entire transaction. Information is scattered across agents, lenders, title companies, and inspectors.

⚠️

Misaligned Incentives

Agents are hungry for commission and make mistakes that cost clients. Agent NPS is -29. Only 21% would recommend their own profession.

📊

Overpriced Appraisals

The appraisal industry charges costs not proportional to home value. A commodity service with premium pricing that AdHome can automate.

😤

Human Emotion & Ego

Agents bring emotion, ego, and resistance to negotiations. Buyers and sellers can't be fully transparent with human intermediaries.

🕐

Timeline Chaos

Coordinating inspectors, lenders, title companies, and escrow is a scheduling nightmare that frequently delays closings.

The Solution

Full lifecycle platform.

Click any step to explore how AdHome handles it.

1

Onboarding

Progressive "slow drip" friction. Browse freely, qualify gradually.

  • No forced role selection — discover buyer, seller, or both naturally
  • Multilingual from first touch (7 languages)
  • First-time buyer education built in
  • Identity verification scales with engagement depth
2

Property Scan & AI Valuation

Guided photo/scan creates property valuation, virtual tour, AND digital twin simultaneously.

  • Scales to user's capability — basic photos to full LiDAR scan
  • AdHome vendors fill gaps the seller can't cover
  • AI generates: recommended price, range, reasoning, risk factors, improvement suggestions with ROI
  • Replaces $500-1,000+ traditional appraisals with AI-powered property valuation
3

Listing & Marketing

AI generates marketing materials, staging advice, and market timing recommendations.

  • Concurrent listing on multiple platforms
  • AI staging suggestions with value-increase estimates
  • Proactive owner outreach — system finds potential sellers
  • Seller approves everything in interactive collaboration
4

Two-Sided Active Matching

Both Rowans actively hunt. Buyer's Rowan learns, Seller's Rowan seeks qualified buyers.

  • Learns from browsing behavior AND explicit criteria
  • "I noticed you keep looking at homes with large backyards — should I prioritize that?"
  • Seller's Rowan reaches Buyer's Rowan (acts as spam gatekeeper)
  • Strong pre-qualification before engagement
5

Showings

Virtual tours from scan data, lockbox access, or contractor-managed showings.

  • Virtual tours available immediately from property scan
  • Independent contractor showers for in-person visits
  • Post-showing feedback feeds matching algorithm
  • Safety: verified buyers only, real-time tracking
6

Real-Time AI Negotiation

Materials term sheet — neutral, plain language, AI-facilitated.

  • Async by default (AI negotiates 24/7), sync option for live sessions
  • Multi-offer / bidding management with AI-driven ranking
  • Each AI maximizes value for their party within legal bounds
  • Information wall: Rowans can't see the other side's private data
7

Contract

Agreed term sheet auto-generates purchase agreement.

  • In-house legal counsel reviews all documents
  • AI-generated California-specific disclosures from scan data
  • AI explains every clause in plain language, in your language
  • No pressure — parties sign when they're ready
8

Escrow, Inspections & Lending

Automatic escrow, AI coordinates inspections and lending in parallel.

  • AI schedules inspectors from vetted vendor network
  • Repair negotiation uses same system with full context
  • CarMax-style lending: primary partner + marketplace
  • AI recommends lender with reasoning, shows all alternatives
9

Title & Closing

Title search, wire fraud prevention, closing docs, and move-in coordination.

  • AI flags title issues (liens, encumbrances)
  • Secure wire transfers with multi-factor auth
  • Final walk-through coordination
  • Moving & relocation services at closing
10

Home Ownership Lifecycle

Digital twin, proactive maintenance, warranties, insurance — forever.

  • User controls proactiveness: full auto, reminders only, or self-managed
  • Digital twin updated with photos, receipts, notes
  • Warranty tracking, insurance comparison, vendor network
  • Rental transition if they become a landlord
  • When ready to sell: digital twin accelerates the process

Three agents. One transaction.

Each transaction gets three AI agents. No one else has this.

🛡️
Rowan

Buyer's Rowan

  • Learns preferences from browsing + criteria
  • Actively searches for matching properties
  • Negotiates aggressively within legal bounds
  • Gates spam from seller outreach
  • Guides through lending and inspections
🏠
Rowan

Seller's Rowan

  • Guides property scan and valuation
  • Actively seeks qualified buyers
  • Manages listing and marketing
  • Negotiates to maximize seller value
  • Coordinates showings and access
⚖️
Rowan

Transaction Rowan

  • Only sees what's explicitly on the table
  • Echoes inputs back for transparency
  • Generates neutral term sheets
  • Handles cross-language negotiation
  • Enforces information wall

Information Wall

Each Rowan operates behind a strict wall. Cannot access the other party's data.

Escalation & Learning

AI handles everything it can. Escalates when needed. Learns from every resolution.

Multilingual

All agents speak the party's native language. 7 Bay Area languages supported.

24/7 Availability

AI agents never sleep. Negotiate async around the clock. Go live when both parties want.

Key Innovations

Genuinely novel.

Nothing like these exists in the market today.

Replaces: buyer's agent + seller's agent

Three-Agent Adversarial Architecture

Buyer's Rowan + Seller's Rowan + Transaction Rowan with information walls. No one has commercialized this.

Replaces: weeks of back-and-forth

Term Sheet to Purchase Agreement

Neutral, plain-language deal summary that auto-converts to binding contract upon agreement.

Replaces: $500-1,000+ appraisals

Guided Scan to Digital Twin

One seller-guided scan creates three outputs: AI property valuation, virtual tour assets, and persistent digital twin.

Replaces: everyone stopping at closing

Transaction-to-Ownership Continuity

No platform spans listing through closing through ongoing home ownership as a single system.

Replaces: phone tag and email chains

24/7 AI Negotiation

Async by default — AI negotiates around the clock. Sync option when both parties want to go live.

Replaces: manual California disclosures

AI Disclosure Generation

Scan data auto-generates required California disclosures, reducing seller liability and compliance burden.

Massive. Perfectly timed.

Bay Area & California — highest prices, most tech-savvy, zero direct competitors.

$1.275M

Bay Area Median

SF: $1.8M | San Mateo: $2.0M

$289B

CA Transaction Volume

~370,000 annual home sales

$3.6-4.6B

Bay Area Commissions

Available to disrupt annually

82%

Using AI for Housing

Behavioral shift already happening

$16.7B

2025 Proptech Investment

Up 67.9% YoY. AI share: 30-50%

-29

Agent NPS Score

Worst since 2019. Profession in crisis.

Go-to-Market

The Trojan Horse.

Build tools agents love. Learn from them. Replace them.

01

Trojan Horse

Build the best tools for agents and loan officers

  • Hire agents as AdHome agents
  • Loan manager tool (Annelys thesis)
  • System learns from every interaction
  • Hybrid legal framework (FSBO + broker license)
02

Compete

AI handles more, humans handle less

  • Internal pre-qual competes with traditional
  • Matching engine used by legacy players
  • Own underwriting develops
  • Strategic acquisitions
03

Replace

The system IS the agent

  • End-to-end AI-managed transactions
  • Human escalation for edge cases only
  • Platform becomes industry standard
  • Data moat is unassailable

10 revenue streams.

Transactional and recurring, across the entire lifecycle.

Revenue StreamPer-Unit PotentialType
Seller platform fee$995 (Essential) / $1,995 (Premium). Buyers: FREETransactional
Embedded lending$3K-15K per mortgageTransactional
Title/escrow integration$1.5-3K per transactionTransactional
Vendor marketplace (5-15%)Per service bookedTransactional Recurring
Embedded insurance$500-2K/homeowner/yearRecurring
Premium homeowner sub$20-50/monthRecurring
Agent SaaS (transition)$100-500/agent/monthRecurring
Data-as-a-Service$10-50M ARR at scaleRecurring
Lead gen / referral feesVariableTransactional
Moving/relocation$200-500 per moveTransactional
The Real Moat: The most valuable asset is the property condition database — ground-truth, photo-verified, AI-analyzed data at scale. Insurers, lenders, and institutional investors would pay premium for this. Every transaction compounds the moat.

Competitive Landscape

Nobody does this.

The market is fragmented. No one offers the full picture.

FeatureAdHomeHomaRocket-RedfinOpendoorHouzeo
AI buyer agent
AI seller agent
Neutral AI mediator
AI negotiation
AI property valuation (scan)~
Digital twin
Lending marketplace~
Post-close ownership
Multilingual AI
In-house legal docs

17 core systems.

Each system has a detailed product specification.

SYSTEM 01Identity & Onboarding
SYSTEM 02AI Agent Core
SYSTEM 03Property Scan & Valuation
SYSTEM 04Listing & Marketing
SYSTEM 05Buyer Qualification
SYSTEM 06Search & Matching
SYSTEM 07Showings
SYSTEM 08Negotiation
SYSTEM 09Contract
SYSTEM 10Escrow & Inspections
SYSTEM 11Title & Closing
SYSTEM 12Lending
SYSTEM 13Home Ownership
SYSTEM 14Vendor Network
SYSTEM 15Agent Marketplace
SYSTEM 16Trust & Security
SYSTEM 17Transaction Narrative

Design Principles

The rules we build by.

Empower the Users

Always in control, always informed. AI advises — the user decides. Full visibility into what's happening and why.

Narrative Consciousness

Full awareness of every transaction across all parties and stages. The complete story, not isolated tasks.

Learn and Improve

Every transaction makes the platform smarter. AI escalates, learns from resolution, handles it next time.

No Technology Barrier

Guided UI, chat, voice. Seven languages. Meets users where they are. Scales to their capability.

Eliminate Cost Layers

Every feature reduces cost and friction. If a traditional layer exists, make it cheaper, faster, or unnecessary.

Meet Users Where They Are

Progressive friction. Basic photos to professional LiDAR. Offer services to fill gaps. Never hit a wall.

Domain expertise built in.

Development, lending, and law — covered from day one.

Founder

Development Lead

Platform architecture & engineering

Co-Founder

Annelys

Development + lending domain (thesis origin)

Legal

Attorney

Real estate law, in-house counsel

Domain Expert

Loan Manager

Real estate lending & underwriting

Version History

v0.4.0

March 24, 2026 — Deep Dives + Testing

  • Open Questions page (18 decisions by priority)
  • Novel Concepts page with patent strategy and name availability
  • Deep Dive flows (background checks, GTM timeline, fee structure, vendor ecosystem, AI learning)
  • Background check & safety research
  • Fee structure research with value-based tiers
  • Appraisal evolution strategy (4-phase plan)
  • Revenue model with 3-year projections
  • Playwright automated testing — all pages verified
  • Nav consistency fixed across all pages
v0.3.0

March 24, 2026 — Visual Upgrade + Research

  • Visual redesign with Inter font, animated counters, gradient effects
  • Added Sources page (100+ citations)
  • Added Feedback form for partner input
  • Added User Flow diagrams
  • Competitive research round 2 (reAlpha, Propy, Automax.ai)
  • Legal & regulatory deep dive (14 areas)
  • IP & patent landscape analysis
  • Revenue model deep dive
  • Fee structure research
  • GTM strategy & timeline
v0.2.0

March 24, 2026 — Full System Specs

  • 17 system product specifications complete
  • Company overview document
  • PDF-ready presentation document
  • Interactive presentation site deployed
v0.1.0

March 24, 2026 — Initial Vision

  • Vision document and interview notes
  • Initial market research (3 parallel agents)
  • Competitive landscape, novelty analysis, market appetite
  • Name availability research