Artificial intelligence (AI) is transforming the real estate industry in numerous ways. One of the most significant ways is through AI-powered property valuation, which is revolutionizing real estate appraisals. This technology is changing the way properties are valued, making the process faster, more accurate, and more efficient.
Traditionally, property valuation has been a time-consuming and labor-intensive process. Appraisers would have to visit the property, take measurements, and gather information about the property’s condition, location, and other factors. They would then use this information to determine the property’s value. This process could take days or even weeks, depending on the complexity of the property.