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The Emergence of Artificial Intelligence in Real Estate

Homebot Example

By now, you’re probably acutely aware that “Artificial Intelligence” (AI) is gaining popularity in all aspects of the world we live in. Many homes now use AI for programmable thermostats, doorbells, security systems, lighting, music, even notifying homeowners if the garage door is open or closed.

Just recently, at our annual company conference, we were introduced to a new partner called Homebot. Homebot is an artificial intelligence tool for homeowners and Realtors to help track the financial investment in your home. Our recent partnership allows me to provide this free service to you.

By the time the average American reaches 65 years of age, 83% of their personal wealth will come from their home equity. As a homeowner, you probably realize you should maximize the wealth in your home. And, like most, you probably realize there are many different ways to do so. But it can be complicated, and you may not have the time to figure it out. Homebot is a financial planner that enables you to quickly and easily analyze and maximize the wealth from the single largest asset you will ever own.

As your trusted source of real estate knowledge, I want to put this informative tool at your fingertips. This application of artificial intelligence can help me guide you as to how much equity you have in your home and/or if refinancing is worth pursuing.

Sometimes artificial intelligence tools get it right and sometimes they can be a bit off the mark. As a local, full time real estate agent, I can assist in making corrections when AI gets it wrong.

Additionally, considering most American’s personal wealth is from real estate, perhaps the purchase of an investment property could be a wise addition to your portfolio and wealth management. Knowing how much equity you have available in your home can be helpful in the potential leverage and purchasing power you may have to acquire a viable investment property.

The bottom line is that artificial intelligence is now an embedded technology in the world we live in. At 8z Real Estate, we are consistently looking to stay at the forefront of technology and provide the latest tools and opportunities for our clients.

Please check out the Homebot link in the sidebar on the right (or below the article if you’re reading this on your phone). I think you’ll like it!

A Refreshing Look at the Question “What is my House Worth?”

Let’s take a look at some of the stats for our area to get a better idea of what is going on in the local housing market!

In El Paso County for Feb 2018, the average sales price* was:

  • $290,000 for Single Family Homes (up 13.7% from 1 year ago)
  • $209,900 for Condos/Townhomes (up 16.6% from 1 year ago).

I have access to detailed stats across Colorado and can help you find out the worth of your property any time. I can also help you determine what your home is worth even if it’s in a different area. As always, I am here for you. If it’s time for you to buy or sell, let’s talk.

*Median sales price based on a six-month moving average


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