Chat GPT Uses In Residential Real Estate
Friday, January 27, 2023
![chatGPT open ai logo](https://cannerlaw.com/images/blog/chatbot-home.jpg)
Since launching last November, the artificial intelligence bot “Chat GPT” has many industries just beginning to gauge the scope of its use.
Chat GPT is a language model that can generate realistic, human-like text. It also can generate text responses on any subject when prompted, making it useful as a chatbot for customer service.
Rather than research how Chat GPT is used in real estate, I went right to the source (as it is intended). I ran the following query and received an extremely detailed, well-crafted response:
"How is chat gpt used in residential real estate?
ChatGPT can be used in residential real estate in a variety of ways, such as:
- Virtual assistants for real estate agents: ChatGPT can be used to create a virtual assistant that can answer frequently asked questions from potential buyers and assist with scheduling viewings.
- Chatbots for property listings: A chatbot powered by ChatGPT can be integrated into a property listing website to provide potential buyers with detailed information about a property and answer any questions they might have.
- Automated property description generation: ChatGPT can be trained on a dataset of existing property descriptions to generate new, unique descriptions for new listings.
- Personalized home search: ChatGPT can be used to create a personalized home search experience for buyers by asking them questions about their preferences and providing a list of properties that match their criteria.
- Language Translation: ChatGPT can be used to translate the real estate listing and property details to different languages which will be helpful for buyers who are non-native speakers of the language.
- Answering customer queries: ChatGPT can also be used to answer customer queries related to property buying process, legal documentation, etc.
- Virtual property tour: ChatGPT can also be used to generate virtual tours of properties by describing the features of the property and guiding buyers through the space as if they were physically there.
- Lead generation: ChatGPT can be used to generate leads for new listings by asking potential buyers about their preferences and sending them relevant property listings.
- Email & SMS Marketing: ChatGPT can also be used to generate automated email & SMS marketing messages for new properties, open houses, etc.
- CRM: ChatGPT can also be integrated with CRM (Customer Relationship Management) systems for real estate agents to keep track of customer interactions and manage leads."
A note of caution though. The Chat GPT bot is often down because the servers are overwhelmed with traffic. Additionally, not all searches are up to date. I ran the following query and the response clearly was pulling material from several months ago: