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November 30, 2023

Artificial Intelligence Revolutionizing Real Estate: Predicting Markets, Virtual Tours, and More

Artificial Intelligence Making Real Estate More Real Than Ever

Main Paper Points – Not Even Skynet Saw This Coming

– AI is shaking things up by turning real estate industry on its head, one listing at a time.
– Its presence goes beyond handy robot vacuums and talking fridges; it’s now entering the world of home sales.
– We’re talking about 3D home imagery – a sweet technological perk reserved typically for videogame design now for house hunting.
– This allows a listing to impress potential buyers without them having to step out of their pajamas.

The More the Merrier – More Algorithm Than Human

– With AI, realtors can do the impossible – like predicting the unpredictable housing market.
– It’s like having a crystal ball, except this one runs on wifi.
– This tool makes Sherlock Holmes’s skills seem elementary – predicting if an area will become the next “IT” spot or if it will tank in no time.
– The automated matchmaker identifies potential matches for clients, brushing any human competitor aside.

All-around Support – Forget Siri, Here’s Your New BFF

– No, it won’t order your morning coffee, but it can make your job easier.
– It redefines multitasking, handling tons of admin tasks while keeping an eye on market trends.
– It’s like Siri on steroids, minus the sarcasm – screening inquiries, sending follow-ups, and juggling appointments can be a cakewalk.

Reality Check – Humans Still on Demand

– Thankfully, AI isn’t sophisticated enough to replace real estate agents yet.
– It’s more like a virtual sidekick than a mastermind overlord.
– Realtors are still very much in control with a new AI buddy who just happens to be amazing at what it does.

My Hot Take – You Can’t Spell Reality Without AI

As it turns out, Skynet may be taking over, but at least it’s making our lives easier instead of plotting world dominance. In a world where AI is getting cheekier than your Aunt Sally after a Martini, it’s refreshing to see it flex its muscles in the real estate industry.

It’s like they always say – in the world of property deals and house hunting, you never know what’s going to happen. Now, AI doesn’t only allow you to virtually walk around your potential house wearing PJs – it also predicts market trends, identifies potential matches, and carries out administrative tasks. It’s the Swiss Army knife of perks for buyers and sellers, really.

So, while we’re yet a few software updates away from robots stealing our jobs entirely, the AI’s presence in the realty world is like having a super-powered assistant who can run hundreds of errands, analyze data, and nonetheless, allow humans to keep the reigns firm. All in all, in the battle of Humans vs AI in real estate, let’s just say it’s more of an alliance than a face-off. Now, isn’t that a plot twist even Hollywood didn’t see coming?

Original article: https://www.inman.com/2023/11/29/ai-can-change-how-you-win-listings-in-2024/

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Martin Towers


Martin is an ex Real Estate Agent turned digital marketer and entrepreneur now specialising in helping Realtors all around the world

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