Technology allows us to take new approaches to old problems, and these approaches are faster, easier, and yield better results. This is as true in the real estate industry as any other – in a realm where buying and selling homes used to require lots of hard work, innovations like the internet, artificial intelligence, and mobile computing have made the process much less strenuous than it was in the past. One of the newest technological breakthroughs, both in the real estate sector and beyond, is the use of artificial intelligence. AI has absolutely revolutionized many processes associated with buying and selling homes, and as a result, first-time home buyers are reaping the benefits in a major way. Let's take a look at how AI potentially affects first-time home buyers for the better.

If you have ever dabbled with real state, and chances are that you have, then you might have the same feeling as many others that navigating it is not for the fainthearted. Whether you are buying, selling, or renting a place, there are many obstacles along the way that would make you want to escape to the metaverse as soon as technologically possible. In this article; however, we are looking at four use cases of how the infusion of IoT into the real estate sector is making the acquisition and the selling of real estate simpler, as well as making the buildings more environmental-friendly. IoT could be used in a variety of ways to make buying, selling, renting, and managing of the properties energy efficient. All tasks from house hunts, to contract signings, to energy management is becoming effortless for all agents (no pun intended) involved. This data can be aggregated by real estate agents to allow for the listing, and the browsing, of properties in a user-friendly manner.

In the meantime, the market has emerged into an on-demand economy that has been driven by information. Today home buyers' increasing access to information allows them, in some ways, to circumvent the agent. The need for instant gratification and knowledge to find the best value at the lowest cost is slowly evolving this industry. How real estate succeeds in the next decade will fully rely on the changing habits of the home buyer, with an acquiescence to slowly dismantling this market structure to improve buyer access to information, while creating new sources of value. One start-up based in Calgary and Toronto is paving the way for this disruption and is challenging the players: the realtors and the home buyers to think differently about these transactions.