Technology can totally transform an industry. Think of how real estate deals used to work pre-internet; to see a list of available properties, you'd have to buy a newspaper or obtain physical brochures. Many of the listings you'd see in these publications were already sold by the time you read about them.
Then, the internet came along and changed everything. A list of all the real estate sales in the country is right at your fingertips. In the future, new real estate technology will transform the industry once again. Here's how it might work.
AI-Chatbots
A large part of working in real estate is talking to clients. Whether they're communicating with landlords, HOA managers, or potential buyers, real estate professionals spend a lot of time on their phones. Unfortunately, this means people are often left waiting.
AI technology is starting to make real estate companies more accessible to clients. AI-powered chatbots can answer messages on the companies' behalf. While automated customer service systems used to inspire dread, LLM chatbots are on another level.
With enough training data, an LLM chatbot will be able to answer real estate queries with the confidence of a veteran real estate investor.
Remote Work and Remote Viewings
Like many companies, the real estate sector was forced online during the COVID-19 pandemic. With in-person meetings heavily restricted, many real estate agents had to improvise. Some showed properties via Zoom or Teams, and some created virtual online tours.
Many real estate workers doing administrative tasks still work from a home office to this day. While web-based virtual viewings are not as attractive post-pandemic, some real estate companies are experimenting with virtual reality setups. Using virtual reality headsets, it's possible to get a much more immersive virtual viewing experience.
AI Scheduling
The life of a real estate agent is all about timing. Agents need to see as many clients as possible throughout the day. The trouble is, sometimes fitting everyone in proves difficult.
An agent might have a schedule that looks perfect on paper. In reality, it doesn't account for rush hour traffic buildup. This kind of error could easily prevent a real estate company from closing a sale.
The good news for real estate companies and their clients is that a solution is here. Soon, AI assistants will analyze your calendar and highlight any potential pinpoints or inefficiencies. Through machine learning analysis, calendar services will allow for effortless scheduling for real estate viewings.
New Real Estate Technology Will Change the Game
The internet has changed everything, and innovative new technology promises to do the same for the real estate industry. Just like the internet made finding real estate property more convenient and immediate, AI will speed things up even more.
Real estate viewings of the future will likely be arranged and scheduled by AI chatbots; you might not even need to go to the location. It's possible you'll just strap on a VR headset and virtual tour.
Are you looking for a company that understands the past, present, and future of property management software? PMI Green Country is here to help. With decades of experience helping local landlords, HOAs, and homeowners, we have all the necessary expertise to help you get the most out of real estate technology.
Contact us today to learn more.
