Generative Artificial Intelligence in Real Estate Agency
Generative Artificial Intelligence is transforming the Real Estate Agency sector, enhancing property appraisal analysis and enriching the user experience through automatic report generation and smart support for clients and/or affiliates.
Generative Artificial Intelligence allows you to automate slow, laborious, and tedious processes such as property appraisal analysis.
In the competitive real estate market, the ability to quickly identify specific data within property appraisals (e.g., bare ownership) and/or other documentation becomes crucial for real estate agencies aiming to stand out. This capability not only speeds up the decision-making process but also allows for precisely conveying commercial opportunities to affiliates or clients, enabling the capitalization on value-added information acquisition before others do.
Refine Your Generative AI Model
The new Generative Artificial Intelligence models, namely LLMs – Large Language Models (the ones that power ChatGPT, for instance), can be 'fine-tuned' for a specific area of expertise, learning sector-specific knowledge (e.g., real estate) and integrating all this knowledge with internal data (experience) and external sources (new knowledge).
Enable high value-added use cases
Once the fine-tuning process is completed (which technicians refer to as 'fine-tuning'), this new expert model can become your fundamental module, enabling numerous use cases (e.g., assisting in property appraisal analysis, drafting automatic and insightful reports on commercial opportunities, or providing consultancy and support to your clients and/or affiliates).
An AI-Powered Assistant to Transform Your Real Estate Agency
Generative Artificial Intelligence also offers innovative solutions that significantly enhance user experience and open new business frontiers for real estate agencies.
Generative AI and Real Estate Agency
Enable high value-added use cases
Analysis of Real Estate Appraisals
- Key Information Extraction
- Answers to Complex Questions
- Information summary
Extraction of Key Information
Thanks to their advanced language understanding, these Generative Artificial Intelligence models can automatically identify and extract relevant data from appraisals, such as valuations, property conditions, and locations, eliminating the need for extensive manual intervention.
Answers to Complex Questions
These Generative Artificial Intelligence systems can process and respond to specific questions posed in natural language, providing detailed analyses and allowing users to quickly access the information they need without having to manually navigate through complex documents.
Below are some questions that operators can ask a fine-tuned AI Assistant:
- Property Valuation:
- What is the current value of the property?
- How was this value determined?
- Dimensions and Specifications:
- What is the total area of the property?
- How many rooms are there? What are the specific dimensions of each room?
- Detailed Description:
- Can you provide a detailed description of the interior and exterior of the property?
- Is the property equipped with a garage?
- Regularizations and Interventions:
- Are there any regularizations to be carried out on the property?
- What is the expected cost for each regularization?
- Property History:
- What is the ownership history of the property?
- Have there been any reported incidents or damages in the past?
Informative Summarization
In addition to data extraction, Generative Artificial Intelligence can condense large amounts of information into clear and concise summaries, facilitating the preparation of reports and communication of strategic insights. In particular, real estate agencies can now equip themselves with Assistants that leverage Large Language Models, fine-tuned (technicians call this process fine-tuning) on their own business data, to automatically produce qualitative and quantitative reports capable of conveying insights to professionals.
Insightful Reports For Customers and/or Affiliates
- Deep And Personalized Insights
- Informed and Strategic Decisions
- High Quality and Customer Satisfaction
Deep and Personalized Insights
Informed and Strategic Decisions
The ability to provide evaluations based on a deep understanding of the market transforms every proposal into a strategic decision-making tool. Clients benefit from insights that go beyond numbers, enabling informed choices that take into account factors such as geographic location, future value forecasts, and potential returns.
High Quality and Customer Satisfaction
The detailed and intuitive presentation of real estate opportunities through advanced reports significantly enhances customer perception of quality. This approach not only meets but exceeds expectations, transforming property search into an engaging, informative, and rewarding experience. Enhancing the user experience through the use of cutting-edge AI technologies establishes new standards of excellence in service, promoting long-term loyalty and trust.
AI Assistance: Direct Support to Affiliates and/or Customers
- Timely and personalized interaction
- Detailed Analysis And Strategic Advice
- Revolutionized User Experience
Introducing a dedicated AI assistant for affiliates and/or clients marks a further improvement in the quality of service offered by real estate agencies. This virtual assistant, accessible directly from the agency’s platform or other platforms like WhatsApp or Telegram, provides real-time support in analyzing real estate opportunities.