Artificial Intelligence (AI) is about to shake up the property market, promising to make buying and selling your home faster, cheaper and way less stressful.

According to brand new research from global real estate gurus CBRE, AI could soon be doing the heavy lifting when it comes to all the boring paperwork and admin that comes with buying or selling a house.

We all know how much of a drag the process can be – it takes an average of 15 weeks (and often much longer!) to get the keys to your new place. That’s because of all the legal checks, mortgage approvals and mountains of paperwork involved.

But this is where AI steps in like a digital superhero. CBRE says clever AI tools could handle all sorts of tasks, such as:

• Whizzing through legal documents and flagging any problems.
• Creating summaries of those never-ending email chains (no more trawling through your inbox!).
• Giving everyone a heads-up if any delays are on the horizon.

Imagine – no more waiting around for weeks on end, wondering what’s happening with your sale or purchase.

And the best part? Because AI can do all the boring stuff, it frees up solicitors and other experts to focus on the important things that really need a human touch.

But wait, there’s more!

AI isn’t just a one-trick pony. It can also help you find your dream home in the first place. Think of it like having a super-powered search engine that understands exactly what you’re looking for. Just tell it what you want (using normal, everyday language), and it will scour the internet to find the perfect matches.

It can even check important details like energy efficiency ratings so you don’t have to.

Sounds too good to be true? Well, there is a catch (isn’t there always?).

While AI is undoubtedly a game-changer, it’s not perfect. One of the biggest concerns is the risk of bias creeping into the system. This could lead to unfair decisions, such as some people being wrongly rejected for mortgages.

That’s why it’s crucial that humans stay in control and keep a close eye on things.

The bottom line? AI has the power to revolutionise the property market, but it needs to be used responsibly and ethically. With the right safeguards in place, it could make buying and selling a home a breeze for everyone involved.