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Discover the best AI tools for real estate agents in 2024. Learn how HouseCanary, Redfin, and others are shaping the future of the industry.
Published in: AI Tools

The 5 Best AI Tools for Real Estate Agents in 2024

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Are you curious about how AI is revolutionizing the real estate industry? The advent of AI tools has been a game-changer for real estate agents.

These tools, equipped with machine learning and predictive analytics, are transforming the way agents interact with clients, manage properties, and close deals.

AI is facilitating more seamless and effective real estate transactions, from chatbots for customer support to virtual tours for property viewing.

So stay tuned as we find the best AI tools for realtors that are empowering real estate businesses to stay ahead in this competitive market.

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What Are AI Tools for Real Estate?

AI tools for real estate are software programs that use artificial intelligence to automate tasks, analyze data, and provide insights to help real estate professionals make better decisions

How Does AI Tools Assist Real State Agents?

AI Tools can significantly help real state agents by:

  1. Automation & Lead Follow-up: AI tools can easily interact with and nurture leads, allowing agents to concentrate on building relationships with potential clients.
  2. Content Generation: AI Writing Assistant tool from Wise Agent is capable of generating engaging content for text messages, emails, or drip campaigns swiftly.
  3. Property Transactions: AI tools like those offered by Zillow and Compass are utilized for property transactions.
  4. Market Analysis: Real-time market analysis is provided by automated valuation models, which assist agents in making informed decisions.
  5. Image & Video Editing: AI tools are also helpful in editing images and videos for listings.
  6. Nurturing Communications: AI is used by platforms like Dippidi to nurture the leads generated through content marketing and paid ads.

Top AI Tools for Real Estate Agents in 2024

1️⃣ HouseCanary

HouseCanary is an AI tool for real state agents that caters to a variety of clients, including financial institutions, investors, lenders, mortgage investors, and consumers, by providing top-notch valuations, forecasts, and transaction-support tools.

Features of HouseCanary

  • High-Confidence Valuations: HouseCanary provides reliable and widely accepted valuations for asset acquisition and financial analysis.
  • Efficient Underwriting: The platform streamlines underwriting processes for mortgage lenders and financial institutions.
  • Market and Property Insights: HouseCanary delivers the latest market and property insights for informed decision-making in real estate.
  • Brokerage Services: HouseCanary offers comprehensive coverage of residential properties for brokerage needs.
  • Innovative Technology: HouseCanary combines AI and image recognition technologies for extracting real estate insights.

Limitations of HouseCanary

  • Tech-Savviness Required: Users might need a certain level of tech-savviness for optimal utilization due to the platform’s focus on advanced technology and data-driven solutions.
  • Limited Interior Insights: The algorithm can’t see inside your rental home and determine whether it’s in perfect or below-average condition, adjusting rent accordingly.
  • Limited MLS Coverage: HouseCanary has most of the major MSAs and MLSs covered, with the exception of New Mexico.

HouseCanary Reviews and Ratings

HouseCanary Pricing

HouseCanary charges $10 for each Comparative Market Analysis (CMA) report. They also provide savings for more CMAs per month and customized enterprise pricing.

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2️⃣ Redfin

Redfin is an AI tool for real estate that offers services related to residential real estate brokerage and mortgage origination.

It operates in over 100 markets across the U.S. and Canada, with the goal of revolutionizing the process of buying and selling homes.

Features of Redfin

  • User-Friendly Interface: The platform of Redfin is designed to be easily navigable for users.
  • Comprehensive Search Filters: Users have the ability to refine their search based on various property attributes such as type, price, number of rooms, area, and more.
  • Instant Updates: Users can set up their search preferences and opt to receive notifications via mobile or email whenever a property matching their criteria is listed.
  • Detailed Home Information: Redfin provides exhaustive information about a property, including its dimensions, financial details, and history, to help users make an informed decision.
  • On-Demand Home Tours: Users have the convenience of scheduling a property tour with a Redfin agent at short notice, even on the same day.

Limitations of Redfin

  • Inexperienced Agents: Some agents at Redfin may lack experience, which could impact the quality of service.
  • Less Hands-On Support: Redfin’s technology-centric approach may result in users receiving less personalized support than they might require.
  • Less One-On-One Support: Users might not receive as much individual attention from their agent.

Redfin Reviews and Ratings

Redfin Pricing

Redfin’s normal listing fee is 1.5% of the home’s ultimate selling price1. However, this is subject to minimum expenses, which average $3,300 but can reach $7,000 in some cases.

Additionally, sellers often fund the buyer’s agent commission, which ranges between 2.5 and 3%.

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3️⃣ Buildium

Buildium is a comprehensive AI tools for realtors, that is designed specifically for property management and real estate professionals.

It’s a cloud-based system that aims to simplify the daily tasks of property managers, thereby saving them time and resources.

Features of Buildium

  • Rental Listings: This feature enables property managers to market their vacant properties.
  • Tenant Screening: It offers thorough screenings of potential tenants.
  • Lease Management: It allows for the creation of templates for all lease-related documents.
  • Rent Collection: It handles the entire rent payment process online.
  • Property Accounting: It ensures that all property and company financials are up-to-date and accurate.

Limitations of Buildium

  • Expense Recording: Some users have found it challenging to efficiently record expenses.
  • Limited Visibility: Rental owners may not have access to all tasks.
  • Integration Issues: There have been reports of difficulties when trying to integrate other software.

Buildium Reviews and Ratings

Buildium Pricing

Essential

Custom

Start using Visual AI now to improve your visual and functional testing right away.

  • 3-user unlimited tests
  • 3 Tests in Parallel, Public Cloud Only

Growth

Custom

Visual AI is used for enterprise-grade functional and visual testing.

  • Unlimited Tests
  • Features include unlimited users, over 20 parallel tests, public and dedicated cloud options, and enterprise support.

Premium

Custom

Their Ultrafast Grid supports enterprise-grade functional and visual testing.

  • Unlimited Tests
  • Features include unlimited users, over 20 parallel tests, public and dedicated cloud options, and enterprise support.

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4️⃣ Styldod

Styldod is an AI tool for real estate agents that offers a variety of services to improve the marketing process in the real estate industry.

It uses a combination of human creativity and machine learning to provide services such as virtual home staging, photo editing, and 3D rendering.

The goal of Styldod is to assist real estate agents, brokerages, and photographers in enhancing their listing images in a quick, easy, and cost-effective manner.

Features of Styldod

  • Virtual Staging: Styldod has the ability to transform empty rooms into furnished spaces, assisting potential buyers in visualizing their future home.
  • Photo Editing: It provides photo editing services, which include adjustments to brightness and contrast, white balance, sharpness, and tone.
  • Virtual Renovation: This service allows you to completely redesign a property.
  • AI Marketing Hub: Styldod’s AI can automatically extract useful data from listing photos to create creative and SEO-friendly copy.
  • 24/7 Support: Styldod offers round-the-clock customer service through live chat, phone, or email.

Limitations of Styldod

  • Limited to Real Estate: Styldod is primarily designed for tasks related to real estate and may not be suitable for general marketing purposes.
  • Turnaround Time: Although Styldod promises quick turnarounds, there may still be a waiting period of 24-48 hours.
  • Revisions: While Styldod offers unlimited revisions, achieving a floor plan that is 100% in line with the original request may require several iterations.

Styldod Reviews and Ratings

Styldod Pricing

Starter

Custom

Accounting, maintenance, tasks, violations, communications between residents and board members, and online portals.

  • Available for purchase.
  • Starting at $40 per month.
  • Tenant Screening
  • $5 per e-signature.
  • Incoming EFT transaction: $1.25 | Outgoing EFT: $0.50 per transaction | Credit Cards: 2.99% per transaction.
  • $99 per bank account.

Eyes

Custom

Accounting, maintenance, tasks, violations, resident-board member communications, and internet portals.

  • It is available for purchase.
  • Tenant Screening and Enhancements
  • limitless e-signatures
  • Incoming EFT: transaction fees are waived || Outgoing EFT: $0.50 per transaction || Credit Cards: 2.99% per transaction
  • 5 free bank accounts and $99 per account
  • Available for purchase
  • Additional costs will apply.

Ultra

Custom

Accounting, maintenance, tasks, violations, interactions between residents and board members, and web portals.

  • Get free leads worth up to $500***.
  • Both standard and enhanced tenant screening
  • eSignatures indefinitely
  • Transaction costs are eliminated for incoming EFT transfers; outgoing EFT transfers cost $0.50 each; and credit card transactions cost 2.99% each.
  • 15 no-cost bank accounts; each account costs $99

5️⃣ Real Geeks

Real Geeks is a comprehensive AI real estate platform that caters to the needs of real estate agents and investors.

It’s designed to boost inbound traffic, create leads, and facilitate the tracking and conversion of these leads.

Features of Real Geeks

  • CRM: The platform includes a CRM tool that allows users to manage and nurture contacts generated through various marketing activities.
  • Lead Generation Websites: Real Geeks provides pay-per-click marketing services that direct potential leads to the user’s Real Geeks website.
  • Lead Cultivation: The platform has the capability to cultivate leads until they convert, requiring minimal effort from the user.
  • Marketing Tools: Real Geeks comes with a robust lead generation platform.
  • IDX Real Estate Websites: The platform offers websites integrated with IDX for lead generation.

Limitations of Real Geeks

  • Lack of Customization: The platform’s website templates offer limited customization options.
  • AI Follow-up: The platform does not include AI follow-up, which could limit automated engagement with leads.
  • Rigidity: The platform might be too inflexible for tech-savvy agents.

Real Geeks Reviews and Ratings

Real Geeks Pricing

Establish

$299/month

The technology platform for IDX and CRM created for agents who are eager to get online and make a name for themselves in their industry.

Grow

$599/month

Increase your market share by using automated marketing to draw in, interact with, and convert prospective customers.

Expand

$999/month

Reach a wider audience with multichannel campaigns and the assistance of committed marketing experts and coaches.

Conquer

$1599/month

With a thorough web marketing and remarketing plan for your expanding staff, take control of your local market.

How to Select The Right AI Tools for Real Estate?

Selecting the right AI tools for real estate involves understanding the specific needs of your business and the unique challenges you face. Here are some basic reccomendations:

  • Automation & Lead Follow-up Tools: These are designed to handle customer relationships and leads. An example is Alex from CINC, an AI chatbot that engages with potential clients. Another is the Wise Agent AI Bot & Writing Tool, which initiates conversations with new leads.
  • Marketing Tools: These utilize AI to promote your listings. Dippidi AI Nurturing Communications, for instance, generates leads through content marketing and paid advertisements.
  • AI-Powered Platforms for 3D Virtual Home Tours: Certain platforms, like Zillow, offer property searches and virtual tours of homes.
  • Predictive Analytics for Pricing: This type of AI can evaluate numerous factors to provide accurate home valuations.
  • AI-Enhanced Customer Relationship Management (CRM): CRM solutions, such as those offered by Epique Cloud, are designed to support agents with a comprehensive suite of tools.
  • AI-Driven Market Analysis: Some tools, like House Canary, use AI to deliver insights and valuations for residential properties.

Will AI Replace Real Estate Agents?

AI can enhance efficiency in real estate by automating certain tasks, but it’s unlikely to completely replace Real estate agents. The personalized service, emotional guidance, and expert advice that agents offer cannot be fully replicated by AI. Therefore, even with the assistance of AI, the human element in real estate is still indispensable.

Conclusion

In conclusion, we’ve covered this comprehensive guide on Best AI Tools for Real Estate Agents.

We’ve explored how they assist agents, and highlighted the top AI tools in 2024, including HouseCanary, Redfin, Buildium, Styldod, and Real Geeks.

We’ve also provided guidance on selecting the right AI tools for your needs. While AI is a powerful tool, it’s clear that it won’t replace the human touch in real estate anytime soon.

Instead, it will augment and enhance the capabilities of agents, making them more efficient and effective. So, embrace the change and let AI tools empower your real estate journey.

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