20 Minute AI Appraisals Are Coming

[Digger88]

AI can not do an appraisal, and idk if it ever could - it can assist, perhaps, in generating its own version of boilerplate and auto-fill sections of a report ( perhaps ). Of course, one would have to fact-check and logic-check every sentence.

It sounds like a money grab from this company - the ones who profit are tech guys who run companies that "trains" an AI for a hefty sum. .

There is a finite number of loans a month and thus a finite number of appraisals, so an appraiser can not make up in volume for a loss of appraisal orders or lower fees the tech might facilitate.

By the end of this decadeish AGI will be smarter than the collective intelligence of everyone on earth (maybe lol)

 

[Joe Flacco]

In the future if all appraisals are automated and done with AI, then there is going to be a need for appraisers that can explain why the AI is wrong. Maybe not for lending, but for legal purposes for sure.

 

[Vermonter]

Look at the Pacific Palisades thread and data. I don't think that AI is going to be able to pick up on those micro level differences. What is observed there is a really great example of buyer / seller behavior for urban residential properties. What you see there is what happens everywhere at the micro level. That is just how residential real estate is.

I agree.

The issue is that AI is creeping on that micro level and there will be a point where the difference is too small to matter.

 

[Joe Flacco]

I agree.

The issue is that AI is creeping on that micro level and there will be a point where the difference is too small to matter.

It's not. And the behavior of market participants evolve.

 

[Vermonter]

It's not. And the behavior of market participants evolve.

And what would be the faster adaptive system? A computer or the old heads?

 

[ucbruin]

In the future if all appraisals are automated and done with AI, then there is going to be a need for appraisers that can explain why the AI is wrong. Maybe not for lending, but for legal purposes for sure.

No one's (the majority) going to make a livable income on just that niche...

 

[Joe Flacco]

And what would be the faster adaptive system? A computer or the old heads?

The old heads will be gone. What remains is automated valuations and appraisers that can explain with the automated valuation is wrong.

 

[NC Appraising]

If docs and teachers will not needed, why would appraisers not be replaced?

Everything is corporate now. The big corporations will get rid of us. It will first start with hybrids, then waivers. What we do is not rocket science. They could replace 90% of us now and nothing would change.

It's like we have a script for a script movie...they are telling us that in 10 years most humans will not be needed. Crazy shet.

10 years is a little premature. 20-30 years is more realistic for most humans. 10 years is pretty accurate for human appraisers.

https://www.cnbc.com/2025/03/26/bill-gates-on-AI-humans-wont-be-needed-for-most-things.html

Smart people will destroy the world..greed...ego.....walk a mile in an average man's boots, but they won't. We are too stupid.

https://www.housingwire.com/article...-technologies-announce-appraisal-partnership/

Nighthawk - Appraising Reimagined | Bradford Technologies, Inc.

Appraisal Modernization is in full swing. Changes are coming. At Bradford Technologies, we are taking advantage of these changes to build a better future for all appraisers.

www.bradfordsoftware.com

 

[Joe Flacco]

No one's (the majority) going to make a livable income on just that niche...

I disagree. That niche is going to be very valuable. There are not going to be many that can provide that service. Not you old heads anyway.

 

[ucbruin]

I disagree. That niche is going to be very valuable. There are not going to be many that can provide that service. Not you old heads anyway.

As I've said before....
You're smart....
Just don't hang your future on that niche market....
Before you become part of the appraisal industry's old heads....
That trains a-heading in everyone's direction....