Why AI is highly unlikely to supersede estate agents

  • 📰 The Yorkshire Post
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I suspect most estate agents across Yorkshire are being asked on a regular basis for their views on the housing market.

The predictions in the Property Post last Saturday summarised the views of many, namely that the spring selling season has arrived with gusto, inflation is dropping, and hopefully mortgage rates will do likewise. So many feel we are back to normal, especially given the market roller coaster since this time four years ago when we were all in the midst of the first Covid lockdown.

Buyers are matched with sellers by an agent who charges a percentage of the agreed price, without the attendant cost and publicity associated with formal marketing. I then explained the merits of both approaches to my potential client who felt, due to his recent business sale, that he preferred the latter approach, at least in the first instance. His house has not been for sale for many years, in fact it’s been in the family for decides, but he fancies a new challenge.

 

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