The home buying process can prove a little complicated and stressful at the best of times, but advancements in new technologies are helping to improve how we find our dream property, from financing to viewings. Keep reading to see how AI and smart technology can help you in your property search.
Online Mortgage Advisors
The financial sector has adopted AI and innovative technologies faster than many other industries, and for good reason. You may still think of AI as something futuristic, straight out of a sci-fi movie, but this technology, which can learn and adapt on its own, is being embraced in our everyday lives more than you might think. Driven by artificial intelligence, financial advice platforms make better and faster decisions without being impeded by bias or fatigue. These programs usually work in conjunction with a human mortgage specialist.
With an online mortgage broker such as Trussle, thanks to the use of smart technology, you can calculate how much you can borrow with a mortgage in principle calculator that will give you advice within 24 hours and a decision within five days. This same technology is also used for remortgage, overpayment, and stamp duty calculators.
Communicating with a human mortgage advisor is still very important to most of us, especially when making big financial decisions. Mortgage advisors can help you make faster and more informed decisions based on intelligent technology-based analysis of your financial situation. Online mortgage calculators are not designed to replace the personal experience but rather add to it.
Smart Real Estate
AI and smart technologies have been shaping the real estate industry for a while, from chatbots to valuations. Rather than having to filter through many properties that don’t meet your needs or criteria. Automated AI and smart technology mean that massive amounts of data can be filtered to find the most relevant properties faster. These technologies are helping to make the entire process more instantaneous and cheaper.
Whether you realize it or not, you have most likely been using AI to look for properties. For example, you have probably interacted with an AI-powered chatbot at some point. Essentially customer service robots can give you answers to your property-related queries incredibly fast, saving you from investing time and energy into a property that does not meet your needs. Of course, if these chatbots cannot answer more complex questions, you can also speak with a human real state advisor.
Real estate agents like Compass use AI to help home buyers find the ideal property. For example, the AI-powered search platforms match buyers to listing with the attributes they require but also assist with accurate home price estimates.
Over the past few years, the property market has become incredibly competitive, meaning you need to react almost immediately to avoid missing out on a deal. AI-powered brokers and estate agents can dramatically speed up the process, giving you an advantage.
Of course, these advanced technologies are not designed to replace common sense and good judgment, so always be careful and remain aware of security risks when sharing personal documentation or taking part in any type of financial transaction.
