
AUSTIN (KXAN) — Artificial Intelligence has entered most industries, including real estate.
TurboHome is an AI-powered brokerage which launched in 2024 to allow buyers to analyze, tour and research homes without a traditional agent.
The company uses AI to look into comps and reports to closer analyze properties for buyers or sellers.
“Everything you can do with technology now,” said Kunjan Patel, who is selling his home through TurboHome.
Patel says it was a way to save some money.
“I was looking for other options because I thought paying someone 5, 6 percent commission did not make sense to me,” said Patel.
TurboHome replaces commission fees with a flat fee, but still offers professional help from realtors on their staff.
“I think people have gotten very comfortable with these types of tools with the paradigm of seeing a doctor remotely, and we are just bringing that to real estate,” said TurboHome CEO Ben Bear.
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Bear says it’s just another option for people looking to buy or sell and it’s a way to save a little money.
“We are trying to provide that choice, we don’t think full service luxury agents are going to go away,” said Bear. “But if you want to save 10, 20, 30 thousand so you can lower your down payment or your monthly payments on your loan we think we are providing a good option.”
Bear says some people still might want the traditional agent to help them through the process.
“But for folks who do want to do more of those self actions around analyzing properties, getting recommendations, analyzing inspection reports or self scheduling tours we allow them to take a lot of it into their own hands,” said Bear.
Austin Realtor Christen Bakke weighed in on the rise of AI in real estate.
“I think there is always going to be the buyer or seller who want to save money and not use a realtor, and I think that market is always going to be there and they will utilize AI,” said Bakke.
Leila Showery is also an Austin realtor, she says she’s not worried about AI, but believes some people need that personalized experience with a realtor.
“We should be using AI as a tool and not replacing that emotional connection that we have with our clients,” said Showery. “Having someone walk in and say I want to list your house, I want to stage it, I want to get these amazing photos done and use my own money to make sure your home sells, it is like we are investing in you.”
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