The potential for AI in real estate is massive, and we are just getting started. We can expect a lot more innovative applications as the technology continues to advance.
We could see AI used to automate the buying and selling process, totally transaction-set free from human interference. With AI integrated with blockchain, secure and transparent transactions could be achieved through immutable ledger storage of data, including property titles and ownership. It reduces the risk of fraud and speeds up closings.
Moreover, the advancements in NLP may lead to more advanced chatbots and virtual assistants that can handle complex queries, negotiations, and contract drafting, making them invaluable tools for real estate professionals.