Imagine a world where a virtual assistant schedules property viewings, be it in person or virtual tours. Machine learning algorithms analyze your data to predict the values of property listings and generative AI writes property descriptions – all with a few clicks.
That world isn’t far off. It’s here now and transforming the real estate industry.
According to McKinsey, AI adoption has soared across industries with over 65% of companies implementing AI to improve operations – including real estate.
The real estate industry is changing and AI is at the centre of it. From searching properties to valuing properties, real estate artificial intelligence technology allows real estate professionals to modernize their business and get an edge.
Artificial intelligence (AI) means using machine learning, natural language processing, and other advanced technologies to perform tasks that typically require human intelligence.
In real estate, AI tools and algorithms provide insights, automate workflows and improve customer service. Common uses of AI in real estate include virtual property tours, predictive analytics, and AI powered chatbots that simplify property enquiries.
In this post, we’ll cover how to use AI tools like Blooma’s platform in real estate to modernize your business so that real estate agents, property managers and investors can make the best of it.
Here’s how AI is changing the real estate landscape.
AI powered software has automated the process of valuing real estate properties using historical sales data and predictive analytics.
Knowing the market trends and conditions is key to success in real estate. AI helps professionals stay one step ahead in the following ways:
AI has changed CRM for real estate businesses by evolving how agents and property managers interact with clients. The main impact it’s had includes:
Source: 3DVista
The commercial real estate industry is adopting AI and CRE solutions to be more efficient and innovative.
Blooma is ahead of the curve by offering AI solutions specifically designed for real estate professionals.
Here’s how Blooma can modernize your CRE business and give you an edge.
Blooma’s AI and mortgage tools simplify the time consuming loan underwriting process.
Blooma’s AI solutions optimize loan monitoring processes.
Blooma’s AI solutions are changing property management by automating tasks and providing insights.
AI is changing the real estate landscape but to get the most out of it, real estate professionals must approach AI adoption strategically.
Here’s a step by step guide to integrating AI into your real estate business.
Start by identifying specific areas of your business that need improvement. This could include:
From there, explore AI solutions that address those issues, like predictive analytics or AI chatbots for better customer service.
Research and choose AI tools that fit your business goals. Look for tools with machine learning for valuations, natural language for virtual assistants, or AI for market trend analysis.
Pro-Tip: Explore Blooma for customized solutions to your real estate management models.
Get your team AI ready by training them to use the new tools.
Implementation should include integrating AI with your existing systems so data can flow and workflows can be optimized.
AI needs to be monitored to be made the best of.
Check how AI models are working to streamline operations and adjust as needed to get the most out of property searches, investment opportunities, and lead generation efforts.
As you get started, here are some tips to keep in mind:
Artificial intelligence is changing the real estate game, delivering solutions for efficiency, accuracy and growth.
From loan underwriting to smart property management and customer relationships, AI powered tools are changing how real estate professionals work.
Blooma’s AI solutions give your commercial real estate company data driven insights, predictive analytics, and automated workflows.
As AI for real estate continues to advance, the real estate sector will see even greater opportunities for innovation and growth.
By embracing these advancements today, real estate agents, investors, and businesses can position themselves as industry leaders tomorrow.
Discover how Blooma’s AI-powered solutions can transform your real estate operations and start modernizing your real estate business with Blooma today!