Artificial intelligence is a technology that has revolutionized many industries today and is starting to make an impact on the real estate market as well.
AI, or artificial intelligence, is helpful with coming up with property valuation. By analyzing data, including recent sales, location, and property features, AI can help buyers and sellers determine an accurate property value.
Chatbots can assist potential buyers and sellers by providing answers to questions property specific and common questions. This can help leads because they don’t need to wait for an agent to be available.
For potential buyers, AI is especially helpful because it can provide a risk assessment. Algorithms can analyze crime rates, natural disasters and other factors that can determine the risk factor of a property. This information can help investors and buyers make more informed decisions about where to invest.