Artificial Intelligence is going to change EVEYTHING. There is a term you are going to hear a lot this year, and it is Artificial General Intelligence, or AGI. It is when computers can reason better than humans at most things. It was once considered a thing of science fiction, but nearly all experts agree it is imminent, and many believe it has already arrived.
Don’t freak out if you see me at an open house with my Tesla robot “Henry”
Tools are coming out this year that make use of AI like never before. I saw a demo of one that you could point at your file system and ask any kind of analysis question you could think of
e.g. “Analyze all offer terms to find which ones correlate to acceptance or rejection.”
Or
“Find the John Smith deal and show me the disclosures relating to dogs.”
Other Tools
Enhancing Property Search and Recommendations
AI can process vast amounts of data quickly to provide more accurate and personalized property recommendations to clients.
Automated Valuation Models (AVMs)
AI-driven Automated Valuation Models can provide instant property valuations based on extensive data analysis, including historical price trends, neighborhood comparisons, and market conditions. So far your friendly neighborhood Vlatka is still better 🙂
Virtual Property Tours and Staging
AI can create realistic virtual property tours and staging, allowing potential buyers to explore properties online in great detail without physical visits.
Predictive Analytics
AI can analyze market trends, consumer behavior, and economic indicators to forecast future real estate trends. Realtors can use these insights for strategic planning, advising clients on the best times to buy or sell, and identifying emerging markets.
Streamlining Paperwork and Transactions
AI can automate routine tasks such as document processing, contract review, and transaction management, reducing errors and saving time. This allows realtors to concentrate more on client engagement, negotiation, and closing deals.
Conclusion
Just remember you heard it from me first. 2024 Is the most pivotal and historic year of our lives. Nothing will be quite the same again.
