The Real Estate Industry and AI
Elizabeth HernandezPro Member
Real Estate Agent · Denver, CO · Member since 2022 · 4 posts · 0 votesWhat is your biggest concern for your future as an agent considering the integration of newer technologies like AI, Web3, Blockchain etc. in the real estate space?
How could you solve that concern?
@Elizabeth Hernandez - I LOVE this question! This is something I have been trying to process. I do not think this is something to be afraid of, but it is absolutely something to understand and leverage. Real estate is going to be a highly relationship driven business and will move slower than other industries like manufacturing or food service. I think how all those things effect RE will also depend on the sector. For example, how they are leveraged in the hospitality industry will be very different than single family home sales ... and Farm leases may not change in my life time :)
It very much comes around to that old adage that some people surf a wave and the same wave can knock other people off of their feet. My response to this question is trying to figure out where to stand so I can be the surfer.
Question for you, what do you see as the low hanging fruits for agents to leverage and begin to adopt now, before the technology is mature?
@Elizabeth Hernandez - I LOVE this question! This is something I have been trying to process. I do not think this is something to be afraid of, but it is absolutely something to understand and leverage. Real estate is going to be a highly relationship driven business and will move slower than other industries like manufacturing or food service. I think how all those things effect RE will also depend on the sector. For example, how they are leveraged in the hospitality industry will be very different than single family home sales ... and Farm leases may not change in my life time :)
It very much comes around to that old adage that some people surf a wave and the same wave can knock other people off of their feet. My response to this question is trying to figure out where to stand so I can be the surfer.
Question for you, what do you see as the low hanging fruits for agents to leverage and begin to adopt now, before the technology is mature?
Thanks for the reply @Cory J Thornton!
I agree with your wave analogy, my worry is for those that don't know how to surf! I have a background in engineering and try to immerse myself in new tech as it comes. That being said, I wonder how I may be able to leverage my real estate knowledge and engineering background to be able to give agents that leg up moving forward so they aren't knocked off their feet!
This may be re-iterating what many others have said, but I believe the easiest first step an agent can make it to create an account with OpenAI and start exploring it's capabilities. If you learn how to prompt it well, I believe ChatGPT could take over 90% of your marketing and social media content generation.
What is your biggest concern for your future as an agent considering the integration of newer technologies like AI, Web3, Blockchain etc. in the real estate space?
How could you solve that concern?
I'm new to business so for me it comes down to learning the new stuff and adapting and also some of the old ways of doing things for knowledge purposes.
Hey there! I totally get your concern about the integration of AI, Web3, Blockchain, and other tech in the real estate space. But let me tell you, there's actually a lot to be excited about, especially when it comes to AI tools like ChatGPT!
First off, ChatGPT can be a game-changer for agents and brokers. Imagine having a language model at your disposal that can help you with tedious tasks like crafting property descriptions, answering client inquiries, or even creating catchy headlines for your listings. It saves you time, and let's face it, time is money.
Take, for example, writing property descriptions. Instead of wracking your brain to come up with enticing words, you just provide some basic info about the property to ChatGPT, and it will generate a compelling description that's sure to catch the eye of potential buyers.
And if you're new to AI and ChatGPT, no worries It's super user-friendly. You just input your prompts and let the AI work. There are even tutorials and resources available to help you get started.
So, instead of worrying about how AI might impact your future as an agent, embrace the possibilities it offers. It might just give you a competitive edge and make your life a whole lot easier.
And hey, if you ever want to chat more about the wonders of AI in real estate, don't hesitate to slide into my DMs!
-Anthony