Max El Mann, director of Fibra Uno.
Max El Mann Arazi
Max El Mann Arazi, director of Fibra Uno.
André El Mann Arazi
André El Mann Arazi investor
Max El Mann Arazi: The future of real estate sales lies in artificial intelligence
—Max El Mann Arazi
MIAMI, FLORIDA, UNITED STATES, January 17, 2023 /EINPresswire.com/ — Artificial intelligence (AI) is slowly impacting the industry. Artificial intelligence can be broadly defined as the ability of machines to act like humans. AI has already had a significant impact in almost every industry and sector, including education, healthcare, legal services, and finance. AI will also have a similar effect on the real estate market. The future of real estate sales: artificial intelligence and the rise of machines
AI and real estate agents
Real estate agents are already using artificial intelligence to help them with all their daily operations. For example, AI can help agents find motivated salespeople, manage a high volume of inbound leads, simplify administrative tasks, create a detailed marketing plan, and recommend the right marketing channels. In fact, AI can be used to personalize every interaction an agent has with a customer. For example, AI can suggest a virtual tour of a property, automatically generate a listing, and find a buyer with prime terms. Agents using artificial intelligence, on average, report higher revenue, better customer retention, and more satisfied customers.
Use of AI for marketing and discovery services
To use AI for discovery and marketing services, a real estate agent must first set up a virtual assistant. Virtual assistants are like human assistants on demand. They can be hired independently and can provide a wide range of marketing and discovery services. The advantage of hiring a virtual assistant is that an agent does not have to manage the employee. The virtual assistant takes care of everything. The virtual assistant can be used to manage leads, create detailed marketing plans, manage the virtual assistant’s customer list, and generate marketing pipelines. “Most agents who have set up a virtual assistant report increased revenue, better client retention, and happier clients,” says real estate expert Andre El Mann Arazi.
The future of real estate business: smart contracts and blockchain
Real estate businesses have become increasingly complex. The Future of Real Estate Deals: Smart Contracts and Blockchain shows that the number of terms in real estate deals has increased from 17 terms in the 1980s to over 300 terms today. These complex real estate deals can make it difficult for the parties to reach an agreement. Real estate transactions are also increasingly carried out using smart contracts. “However, real estate deals using smart contracts rarely happen. Real estate deals using smart contracts don’t happen because they’re hard to enforce, especially when a deal isn’t made public,” says Max El Mann Arazi.
Conclution
The real estate sector will continue to advance with the advancement of AI. In fact, artificial intelligence has already had an impact on real estate sales and marketing. Agents use AI to manage their deals, find motivated sellers, create detailed marketing plans, and recommend appropriate marketing channels. The industry is also making the transition to virtual assistants and the use of a blockchain. Real estate agents using AI, on average, report higher revenue, better client retention, and happier clients. However, AI can be expected to change the industry even further. The future of real estate transactions will be done through smart contracts, making the process more efficient and less bureaucratic. Real estate transactions will also take place using blockchain technology, allowing the parties to verify the terms of the deal.
Mia Atkinson
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Max El Mann Arazi Fiber One
