I am not doing the 3.6 FORM deal

[J Grant]

Dated after 10-15 years and some appraisers call it C4 while others still call it C3. So subjective.

Dated as a style trend does not necessarily make it into C 4 condition - that is why appraising has to take into account many factors - it is less subjective than you think.

 

[Non Sequitur]

In case anyone doesn't think AI is getting pretty good - I uploaded a front pic and kitchen pic and asked it to analyze them. Here's the response:
View attachment 105034

Yep. And the AI-agents that have been trained are much better.

 

[djd09]

11 famous AI disasters​

Chicago Sun-Times, Philadelphia Inquirer publish summer reading list of fake books​

The Chicago Sun-Times and Philadelphia Inquirer took reputational hits when May 2025 editions featured a special section that included a summer reading list recommending books that don’t exist.

The Chicago Sun-Times explained that the syndicated section, “Heat Index: Your Guide to the Best of Summer,” was provided by King Features Syndicate, a unit of Hearst. Marco Buscaglia, the author of the special section, admitted he used AI to assist putting it together, including the recommended reading list, and failed to fact check the output.

The list featured many real authors but attributed nonexistent books to them, like Tidewater Dreams by famed Chilean-American writer Isabel Allende, who’s written more than 20 novels. But Tidewater Dreams, a “climate fiction novel that explores how one family confronts rising sea levels while uncovering long-buried secrets,” isn’t one of them. Like most books on the list, it was hallucinated by AI.

https://www.cio.com/article/190888/5-famous-analytics-and-AI-disasters.html

AI is not much different then loan officers...just making it up

 

[Sandra Koutsopoulos]

Dated as a style trend does not necessarily make it into C 4 condition - that is why appraising has to take into account many factors - it is less subjective than you think.

Mid-Century Retro is a whole different thing. Old.... but... $$$$ highly desired in some places. I had a guy the other day say he's designing his kitchen around his 1969 built-in oven because it is awesome! Works great! American Made back in the day. Many modern major appliances have disappointing useful life PLUS big price tags.

 

[Fernando]

Mid-Century Retro is a whole different thing. Old.... but... $$$$ highly desired in some places. I had a guy the other day say he's designing his kitchen around his 1969 built-in oven because it is awesome! Works great! American Made back in the day. Many modern major appliances have disappointing useful life PLUS big price tags.

One time my rental had this really old retro stove oven. Still works but old. Probably could have sold it online but it was easier to dump it and get a more modern stove which the market likes.

 

[Sandra Koutsopoulos]

OK, it appears that AI analyzed the photo... or was that delivered from one of the pull-down menus where the items were input by appraiser?
And you were able to retrieve that by?... membership? or is there some way to lock the info behind some protection so every Tom Dick and Burglar can't also find a way into that database?
I've been concerned about privacy for the info we obtain for an appraisal. Is it for a broader database that entities other than the lender that holds the paper can access? by a membership? paying a fee? having certain credentials?

I did an inspection the other day of a $3,000,000+ house which was stuffed with art, Aubusson tapestries, sculptures, wood carvings etc. (The mind reels) Anyhow, all that stuff was in the open, in LR, DR, BRs, even bathrooms. Couldn't take a picture without getting something valuable in the frame. If photos become clickable by entities we don't foresee, and by ppl the homeowner absolutely would not want to be authorized to see his stuff, I believe that is a legal and ethical problem. Joan Trice was talking about 'monetizing' our photos or reports or whatever she was referring to. Monetizing by SELLING them to WHO? With WHOSE permission? A person shouldn't have to give up their privacy for one loan, and if the pics are on the web (forever in the cloud) or in some type of database, they have just permanently thrown away the key to their privacy.

 

[alebrewer]

I had same idea as JG but kept quiet. Appraiser intuition that you might get offended.

I already knew you were a stalker.

 

[J Grant]

Mid-Century Retro is a whole different thing. Old.... but... $$$$ highly desired in some places. I had a guy the other day say he's designing his kitchen around his 1969 built-in oven because it is awesome! Works great! American Made back in the day. Many modern major appliances have disappointing useful life PLUS big price tags.

Restoring properties to look like a historic time or a trend of hip retro is different than dated finishes and appliances - that is why every situation is different and generic AI is rote wrt its abilities -

 

[alebrewer]

Is this a house you inspected (IE do you know for certain the right answers?)

If so, are the apps truly stainless, or the faux look? Are countertops actually granite? That's a pretty good AI routine to tell from a picture if tops are granite, quartz, marble, higher end corian or some engineered product.

Same with LVP--without standing on them/feeling them, not sure I could tell by looking if something was LVP, good newer laminate, or even hardwood. I've seen examples where these look VERY similar.

It is clear though that this is the direction inspections are heading. If this is where it is today, I wouldn't be making any plans to be a residential appraiser in 5 years. Or 3. UAD 3.6 issues notwithstanding.

Yep - doing some dashboard development and thought I'd give the photo recognition software a try. Used ChatGPT. It is a property that I appraised, albeit some time back. And the answers are correct. One of the things I was REALLY impressed about is that it picked up the vinyl siding on the side of the garage and the brick facade on the front.

Now just imagine this technology being deployed AS THE APPRAISER/INSPECTOR IS FILMING THE PROPERTY. If the appropriate mappings are in place, by the time 3.6 is used en masse, the image recognition stuff will be solid enough to auto-fill most of the improvement section of the report...

 

[cashcatz]

Yep - doing some dashboard development and thought I'd give the photo recognition software a try. Used ChatGPT. It is a property that I appraised, albeit some time back. And the answers are correct. One of the things I was REALLY impressed about is that it picked up the vinyl siding on the side of the garage and the brick facade on the front.

Now just imagine this technology being deployed AS THE APPRAISER/INSPECTOR IS FILMING THE PROPERTY. If the appropriate mappings are in place, by the time 3.6 is used en masse, the image recognition stuff will be solid enough to auto-fill most of the improvement section of the report...

You are thinking the right way about this type of tooling. Instead of "sky is falling, I'm an entitled geezer and going to retire before learning new things!", you are thinking how can these things help us do a better, more efficient job.

Also, right now the leading AI for image recognition is Gemini 3, it's crazy good (2.5 is as well). at image classification. Give it a try and ask it to approach as "an appraiser doing an inspection".