Two birds with the same stone, AI to help buyers get the most suitable property, as well as for real estate developers, may indeed be the reason for a sea change, AI will be the next revolution for the real estate market, as it can offer multiple scenarios for real estate projects, in terms of area, location and design as well as cost, time and what you need of building supplies, which contributes to saving time and effort and reducing waste in building materials.
Algorithmic Solutions
These algorithmic solutions will provide access to data or documents, follow them and make any modifications to them anytime and anywhere, through an application on computers or smartphones, allowing all levels of management of real estate developers to follow up in real time and provide solutions to any emergency issue that occurs during the project phases.These algorithmic solutions will provide access to data or documents, follow them and make any modifications to them anytime and anywhere. Computer algorithms can now go through millions of documents in seconds, looking at property values, debt levels, home renovations and even some personal information of the homeowner.
But how?
Predicting market trends and prices
Not only that, but also finding homes that are likely to be sold in the next 12 months, predicting future property prices based on market data, analyzed such as market activities, services, schools and crimes that occur in the areas of the targeted residential units, predicting future rents, market trends and the relationship between supply and demand prices, by using more than one method in analyzing all the data associated with the home.Predicting market trends and prices.
AI and price assessment
Like the last time a house was sold, and how long the owner has owned it, the house is predictable, so a real estate developer can contact the homeowner, offer their services, and get a much higher qualified offer. AI also enables realtors to evaluate the price of their properties compared to other properties on the market, search for specific types of homes in very specific locations, input snapshots of interior and exterior spaces, then get instant alerts when something hits the market quickly and immediately; the moment in real estate makes all the difference.Moment in the real estate market makes all the difference. The process of buying and selling homes will no longer be an arduous one, due to the transparency between buyer and seller, and the speed of completion will be fully automated, with accurate information for all parties.
The real estate market moment makes all the difference.
*Architect and faculty member at King Saud University
@Archesham
