AI in Proptech: How Artificial Intelligence can Revolutionize Property Search and Buying

Bitontree - Feb 18 - - Dev Community

The integration of artificial intelligence (AI) in Prop-tech is changing the way of buying property, where smart, faster, and personalized interaction is achieved. AI-based property calling agents are changing how people find and engage with their desired properties. The global AI market is likely to reach over $826 billion by 2030, based on a Statista report. It indicates significant growth and adoption in almost all sectors, including Prop-tech.

AI property calling agents use sophisticated algorithms to scan humongous amounts of property data. This allows for the presentation of tailored suggestions, based on user preferences such as budget, location, and amenities, to the buyers. For example, a person looking for a 3-bedroom apartment within a specific budget in New York City can get relevant options in the shortest time frame, along with detailed insights and even instant scheduling of virtual or on-site tours.

Moreover, the ability of AI to allow for real-time engagement is a big deal. According to various studies, many buyers prefer quick follow-up calls after an inquiry about properties, which AI agents can readily offer through updating the buyer about changes in price, new listings, and available properties. Several follow-up calls are possible per day with such agents, hence not missing opportunities.

Innovations such as virtual real-time tours are changing the face of Prop-tech. Zillow data also shows that homes that have 3D Home tours sold on average 14% faster than the others.

AI agents do not just book these tours but also accompany the user on these immersive experiences and point out property features and answer questions immediately.

For more information on how AI is impacting Prop-tech, check out the article by Forbes on how artificial intelligence is changing the real estate market.

This shift toward AI-driven Prop-tech interactions ensures that every buyer has access to efficient, informed, and personalized support, creating a more seamless journey from inquiry to purchase.

Features of AI calling agent that can Enhance Personalized Property Search and Buying

Let us see the smart features of AI calling agents that personalize and simplify property buying.

A.) Personalized Property Recommendations
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The AI agent serves as a personal assistant by initiating calls to potential buyers or renters. During the call:

  • It surveys available information including budget, preferred locality, property type (apartment, villa, commercial space), and specific requirements, such as the number of bedrooms, pet-friendly facilities, and availability of swimming pools or parking.
  • It employs AI algorithms to recommend properties that fit users' specified criteria.
  • The agent comes up with a list of properties, giving a brief description of each, thus making it easy for a buyer who would otherwise have to scroll through several listings.

B.) Scheduling Property Viewings

  • Once the user expresses interest in specific properties, the AI agent contacts them to confirm viewing preferences (on-site or virtual).
  • It coordinates with property owners or real estate agents to finalize a mutually convenient time for the visit.
  • The agent sends reminders or calendar invites to ensure the user doesn’t miss the appointment.

C.) Follow-ups on Property Inquiries

  • For users who have previously shown interest in properties, the AI agent calls to provide updates such as:
  • Whether the property is still available.
  • Price changes or discounts.
  • Newly listed similar properties.
  • This proactive approach helps keep users engaged and informed, improving their buying experience.

D.) Real-Time Virtual Property Tours
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  • The AI agent enhances convenience by providing real-time virtual property tours during the call.
  • It sends a secure link for users to view 360-degree images or live video tours.
  • During the tour, the AI narrates details such as property size, layout, and key features (e.g., modern kitchen, spacious balcony).
  • Users can ask questions in real-time, and the AI provides immediate answers.

E.) Market Insights and Trend Updates
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  • The AI agent serves as a personal assistant by initiating calls to potential buyers or renters. During the call:
  1. Property price trends.
  2. New infrastructure & development projects in surrounding locations.
  3. Investment opportunities in high growth trending areas.

READ THE FULL BLOG...
https://www.bitontree.com/blog/ai-in-proptech

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