Photo Credit The Huffington Post
clock 26-08-2017
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Artificial Intelligence: Transforming the Future of Real Estate

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The end goal of real estate agents never changes; they want to buy and sell homes for their clients, in the fastest time possible, for the best possible price. But one thing that does change is the tools of their trade, and one that has massive potential is Artificial Intelligence (AI).

AI's arrival in the real estate industry marks the start of an exciting era of real estate process innovation, directly benefiting investors and developers. Projected to massively improve agent productivity, platforms with AI make an agent's life easier and their workflow more efficient with just a push of a button.

Even though artificial intelligence can never replace a living, breathing real estate professional, a solid platform that strategically leverages artificial intelligence capabilities gives agents the gift of time, and allows them the ability to spend more energy closing deals.

Revolutionary technology for tomorrow

Imagine a brain learning the meaning of thousands of pages of technical and legal documents by sight, all in a matter of seconds. Imagine being able to instantly retrieve knowledge and building on it every time you read a new document. AI can achieve this height of eminence. Consequently, AI will be able to revolutionize the way some parts of the real estate industry work.

AI powered sales platforms can think and learn just like real-life agents, and that means they can also work out how to get the most money from each sale. AI platforms do so by automatically matching each listing with the most suitable buyers. AI technologies such as these have the potential to be truly revolutionary, which means agents can spend more time selling and less time on those boring, unproductive tasks.

Fast and more accurate due diligence process

Due diligence in real estate can be a time consuming and risky process of reviewing documents for properties, validating insurances, checking compliance obligations, identifying, and quantifying areas of risk amongst others. AI will be able to focus on literate analysis, identifying consistency from words and summarize inconsistencies across various documents. This will make due diligence processes faster and more accurate.


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