Every industry is shifting its working operations to AI integration. The real estate industry is no exception in this and there are more than 90% of realtors or real estate agents and property managers that have opted for AI solutions for real estate. Although many misconceptions run in the minds of realtors or real estate agents which makes them slow in adapting AI automation for real estate. 

 This prevents their real estate agency business from staying ahead of the curve in this competitive and intense market. Benefits of AI in real estate  along with existing systems can do wonders for real estate realtors and property agents if all the misconception they have in mind is cleared before adapting the AI automation process for real estate. 

The misconceptions about AI implementation process can miss lead many realtors and real estate agents which can stop or reduce there success rate in market. This blog will outline the few common misconceptions about AI automation in real estate that should be avoided by realtors and property agents to attain successful revenue and better customer satisfaction for their real estate agency in this competitive market. 

AI Implementation Process Common Misconceptions that Create Misleading Decisions 

Common misconceptions can happen anytime and can lead to wrong decision making but if they are identified before implementing the AI solutions for real estate then it can create a smart and innovative approach that is stress-free to attain successful results. 

• AI can Replace Real Estate Agents: Many realtors believe that the AI implementation process can easily diminish the role of real estate agents and take over their role in the real estate industry. This misconception has stopped many realtors and real estate agents to adopt the AI solutions in real estate whereas this is just the misconception as selling or buying property is still an emotional connect process. 

Reality: AI can help the real estate agents in managing the repititive and bulk tasks like data analysis and property searches. Real estate industry is a relationship-driven industry and only work efficiency can be improved with AI automation process but the role of real estate agents will remain same so does their positions its just their efficiency which will improve. 

• AI can only Benefits Big Real Estate Firms:  Usually realtors and real estate agents think that AI solutions for real estate  is only capable to transform work efficiency of bigger real estate firms that have big budgets with them to afford AI automation process. This is also a misconception nothing else because AI automation tools and apps are designed in such a way that they can opted by any firm be it small sized, mid sized or big sized in the market of real estate. 

Reality:  AI automation is available for small and medium-sized real estate agencies as well. There are many tools and apps like AI chatbots, virtual assistants, AI-powered CRM, and more that are very affordable in price and can help small and mid-sized realtors with their work efficiency improvement and success. 

• AI Reduces the Part of Human Interaction:  One of he biggest misconceptions about AI solutions for real estate is that it will reduce the need for human interaction. AI automation can create efficiency but the real estate business is still something that works with human connect and emotions. The machine learning processes can reduce workload not human intervention. 

Reality: Human interaction plays a crucial role in buying or selling property. The trust and the human touch is important to make closure of deals whereas AI can only efficiently enhance the work operations and reduce time and create cost saving. 

Conclusion 

AI implementation process  is for efficient working but it cannot reduce the human importance in real estate industry so adopting it is best option for enhancing work operations and the human intervention is managed but not diminished so not sticking self in misconceptions can clear the hurdles for adoption AI automation in real estate to gain success.