AI has slowly crept inside the real estate industry and has created more ease and accessibility to the common man. From AI assistant, virtual property tours, mobile apps, databases,online property finders and so on. Moreover, people have started to use it to make major decisions such as buying and selling as well. However, the new developments have made us question the need for real estate agents and other similar roles in the industry.
However, it’s preposterous to rely on AI to make major decisions instead of experts.
AI is simply a tool, but also has its shortcomings. AI isn't a hundred percent accurate as people seem to think. It can give incorrect predictions about the market or a certain property investment because it runs on an algorithm based on large datasets that tend to be incomplete, hence does not give an accurate picture. On the other hand, real estate agents work on their knowledge and experience that enhances their expertise in the field.
Furthermore, AI isn’t as impartial as one may think. It runs on the data collected by real estate agents/companies with their personal interests, making the algorithm biased towards certain properties or areas, showing specific results.Therefore, depending on AI to make investment decisions can put one in a potentially dangerous position.
Plus,the results and suggestions provided by AI will be general and it’s extremely tricky to determine what would be suitable. Consulting an established real estate agent or company will help you get a more transparent picture of your requirements, market condition and a tailored solution in line with your budget and future goals.
Farm Gardens situated at The Valley is the latest residential project by Emaar Properties that is in a league of its own. These developments offer sophistication, refinement, and class that is unmatched. Having a strategic location near Al Ain Dubai Road, Farm Gardens is the ideal community and your ultimate haven. An amalgamation of cottage style living coupled with top-notch amenities makes it worth living!
In a nutshell, if you’re planning on buying or selling real estate, it is wise to research and consult a reputable real estate company that can guide you through the complex process.