So the role of a licensed real estate agent has already been redefined and narrowed, from being the gatekeepers of information to that of a trusted advisor. There was a time when you had to go to a traditional branch office to meet with an agent to view available homes. Now consumers can do that with their mobile, in real-time and 24/7 to view virtual tours, photos, community information, commuting times and more. There is an opportunity for artificial intelligence (AI) to take on a lot of the advisory role of an agent with more consistency and better accuracy with quality information. As a seller you could have an agent that sells one home a year (and another that sells 100 per year involved in daily contract negotiations. In today’s market the sellers are paying the same commission fee and most likely won’t get the best advisory service in comparison. With AI there is opportunity to provide some of the services of an agent immediately and be available 24/7. There is broad application and we are already seeing this in a number of industries; legal, education and more.
The theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages.
Cognitive computing is the simulation of human thought processes in a computerized model. Cognitive computing involves self-learning systems that use data mining, pattern recognition and natural language processing to mimic the way the human brain works.
Think about Siri for Apple, Echo at Amazon, Watson at IBM or any other AI in market that is currently be used. At DwellOwner, we are exploring several opportunities to integrate into our offering while expanding our consumer driven platform to drive efficiency and cost savings for both homebuyers and sellers. You can learn more about our proprietary virtual real estate advisor, askDwell and sign up to learn more when it’s released later in 2016.
Also, check out The Digital Home Seller & Online Real Estate Trends publication that will be available on Amazon on July 2016, written by Eric Eckardt, the founder of DwellOwner to learn more. You can pre-order a copy now by accessing the link below!