Miami-based GLOBAL LISTINGS' founder and CEO Michael Gerrity announced this week that the company is planning to launch in 2024 the world's first AI-powered Global Listings Service for all categories of active real estate listings located anywhere in the world.
Gerrity says the new Global Listings Service -- or GLS for short -- will have several significant differentiating factors than a typical real estate MLS platform:
Gerrity continues, "We are creating our new Global Listings Service because we believe in free, fair, open and efficient property markets worldwide. Our new GLS platform will be available to all market participants to use anytime to buy, sell, rent, trade or invest in real estate, worldwide."
According to the company, its new GLS platform will highly leverage technology to connect people, property, information and markets worldwide in a far more efficient, intelligent and cost-effective manner.
"The end result of our platform's heavy use of AI, data and scale to digitally micro-target 'high-probability' buyers on a global scale in the coming years will be a 5x to 10x reduction in 'customer acquisition costs' for tens of millions of property sellers worldwide each year, resulting in tens of billions of dollars of combined equity savings and lower selling costs at each of their closings.'
"Buyers and investors worldwide will also enjoy a greatly enhanced and highly customized user search experience using our GLS platform by having the world's listings inventory, correlated market news and data at their fingertips, in their own native language and currency -- all in order to help them make informed transaction decisions in real-time. Think of our new real estate information display as a consumer-facing online Bloomberg Terminal, but specifically built for the global property industry", concludes Gerrity.