Is technology replacing real estate agents?

Original article via Born2Invest. Click here to read.

Instead of negotiating with real estate agents, people are now turning to technology when buying and even selling a house.

Last January, Ron and Marilyn Hougardy had their home sold for $890,500—well above the $880,000 value, it was listed for in bidding sites such as Realtor.com, Trulia and Zillow, among others.

According to a CNBC report, the bidders were not gathered by any real estate broker. Instead, machine-learning computers are responsible for consummating the sale. Through analyzing troves of data and information on people’s profiles online, the technology is capable of knowing who is likely to buy what you sell. Thus, artificial intelligence makes real estate marketing more efficiently conducted.

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