The potential that AI has within real estate is huge, and we are yet to scratch that surface. Future innovations in this regard will increasingly disrupt traditional ways of doing business.
We will witness the whole process of buying and selling fully automated by AI and without any human intervention. It will have complete seamless transactions without any intervention by humans. The blockchain technology along with AI, will help make secure, transparent transactions with data such as property titles and ownership stored in an immutable ledger and thus lower fraud risks and hasten closings.
Furthermore, it may also become more sophisticated chatbots and virtual assistants through advanced NLP which can answer tough questions, conduct negotiations, or even draft a contract. All these make such tools very helpful for real estate professionals.