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Savvy real estate agents look beyond ChatGPT

Housing Wire

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job?

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish real estate agents knew about the appraisal process?” ” “There is a lot of research and number crunching to do, so asking for a value at time of inspection is a no go.”

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Is Your “Crazy” Neighbor Lowering Your Home’s Value?

Cleveland Appraisal Blog

Could being located next to a property that is an eye-sore cause a loss in market value to your home? Part of our work as appraisers is to consider whether situations like this are influencing the market value of the home we are appraising. Of course, that’s not the same as market value.

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What’s The Size of Your Driveway?

Cleveland Appraisal Blog

If this is the norm for the neighborhood, the size of the driveway may not have any impact on value. I find that often, driveway size does not have any major impact on market value, as long as the driveway is typical for the neighborhood. DOES THE MATERIAL THE DRIVEWAY IS MADE OF MAKE A DIFFERENCE IN VALUE?

Appraisal 243
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What’s Your View?

Cleveland Appraisal Blog

If you don’t want to take my word for it, there are some nice articles that discuss this. Here’s a link to one article entitled, “No Two People Ever See the Same Rainbow” Check out this cool video of different kinds of rainbows. In a real estate transaction, everyone has a different view.

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Pros and Cons of Selling Your Home As-Is

Cleveland Appraisal Blog

I hope you find her article to be helpful! Talking to your real estate agent or appraiser is also helpful to get a professional’s point of view. Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer.

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Skepticism Can Lead to Poor Decisions

Cleveland Appraisal Blog

By the way, if you’re a real estate agent, you no doubt have experienced these same issues with some that you work with or work for. In this article, I am going to focus on the dangers that skepticism can have on an appraiser’s thinking. If we make an adjustment, we must have some support behind it.

Appraisal 221