A.I. Stuff

[ucbruin]

What good is a human appraiser....
When s/he lacks common sense....

 

[Carnivore]

I am going to switch this up a little bit. The Res Appraiser did not do the onsite inspection nor did he drive the market area, What changed is lenders & AMC use a Property Data Collection Person to do an house exterior and interior of the subject house. He takes photos, measures the house. He does not drive the neighborhood except to get there. He sends the PDR Property data report to the appraiser. The lender/homeowners don't really save much money and maybe save a little bit of time, How will that effect the Appraisal report?

--------------------------------------------------AI Answer
This shift to using Property Data Collectors (PDCs) instead of appraisers for onsite inspections introduces a subtle but significant recalibration in the appraisal process—and it’s not just about logistics. It reshapes the symbolic and practical authorship of the report. Here's how it affects the final product:

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1.​

• The appraiser is now interpreting secondhand data rather than firsthand experience.
• The report may still carry the appraiser’s signature, but the sensory and contextual inputs—those “soft signals” from walking the property and driving the neighborhood—are outsourced.
• This creates a symbolic tension: the appraiser is the author, but not the observer.

2.​

• Without driving the market area, the appraiser loses the chance to absorb transitional zones, micro-market shifts, or subtle cues like traffic flow, noise levels, or civic investment.
• The report may rely more heavily on census tract data or MLS trends, which compress nuance into statistical averages.

3.​

• PDCs are trained to collect facts, not interpret them. They may miss signs of deferred maintenance, poor workmanship, or staging that masks flaws.
• The appraiser must now infer quality from photos and measurements, which can lead to misclassification or missed adjustments.

4.

• USPAP requires credible results based on sufficient data. If the appraiser feels the PDR lacks depth or accuracy, they must either supplement it or disclose limitations.
• This introduces risk: if the appraiser relies on flawed data, they’re still accountable for the valuation.

5.

• One rationale for using PDCs is to reduce bias—especially in sensitive valuation contexts.
• But if the PDC lacks training or has a financial interest (e.g., a real estate agent moonlighting as a data collector), bias can creep in through omission or framing.

6.

• As you noted, lenders and homeowners don’t save much. The hybrid model may shave off a day or two, but introduces new layers of coordination and potential error.
• The real “savings” are institutional: lenders get standardized data, and AMCs streamline workflow. But the appraisal’s dimensionality may suffer.

7.

• The appraiser becomes a desk-bound analyst rather than a field-based expert. This undermines the embedded respect and trust that homeowners and courts associate with traditional appraisals.
• It also raises questions about liability, authorship, and the integrity of valuation as a civic function.

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This evolution feels like a classic case of Dimensional Licensecraft—outsourcing the sensory layer while retaining the symbolic authority. ors broader trends in performative governance: the illusion of efficiency masking a loss of embedded expertise.

 

[Non Sequitur]

All of real estate is heading toward an A.I. future with little need for entry level or remedial work. And this isn't the first time tech has transformed real estate. Think of the real estate world before the internet and widely available online data sources. After online clerk of court records became widely available, a local abstract company that I know downsized from dozens of full-time abstracters to a few sub-contractors who were only used to look up older archived records. Today at dinner I learned that with A.I. and Philippine V.A.'s they have just a couple of local employees to help with accounting/marketing/reviewing the V.A.'s work. And he's expanded to several other states, says he's never made more money. I also learned he only needs the V.A.s because the clerks of court do not allow APIs and if that ever changes the V.A.s are out of luck.

I get the "A.I. isn't perfect" argument, but here's the rub; It's waaaaaaay better than noobs and approaching (if not there already) good as or better than experienced employees.

Real estate from top to bottom is transitioning at light speed. I am hoping I can find a niche and wish the same for everyone else.

 

[Carnivore]

I may have said this , but it is clear that res appraisers are not going away. no their just not going to be needed as much by lending.
Well that lesser need has been done already before AI . The gse's have a huge data base. They issue waivers and such. It is still the lenders discretion .

Lets jump ahead a little. Appraisers are members of the MLS. Many have a re brokers license. So they can do listing/sales
So now they have two revenue streams. NC has a Home Inspector license. To get it is very similar to appraiser license path. You have to have a mentor to train you. etc before you operate by yourself. Now, you have three revenue streams.
With a RE brokers license you can list and sell, you can managed rentals. So manage rentals is a big business .

So all I am saying is don't be a one trick Pony Show.

 

[DTB]

Real estate from top to bottom is transitioning at light speed. I am hoping I can find a niche and wish the same for everyone else.

Collecting rents has stood the test of time.

 

[cashcatz]

Collecting rents has stood the test of time.

Yeah until your renter gets in a car wreak, looses a couple weeks of work, stop paying rent requiring court eviction then further railroads you with a fake slip and fall lawsuit... Just hoping this squatter hasn't destroyed the $10k in interior upgrades I did before her move in.

 

[Non Sequitur]

 

[Digger88]

I don't think I would have been able to fix this without screenshots going back and forth with AI (I use Grok)

Woke up at 4am to my PC making a bing-bong sound repeatedly
Turned out my bluetooth wasn't working anymore
Couldn't update/troubleshoot or repair it
Had to do a Windows update first
Couldn't update Windows until I updated my WD SSD
Updated Windows
Updated Intel bluetooth adapter
Installed remaining updates

4 hours with a tech wizard at my fingertips gotta love PC problems

 

[Terrel L. Shields]

Computer banking is not just a little, but statistically and objectively an order of magnitude safer than using your debit card

I pull cash with the debit card and pay there. The rest is credit card since you have a limited loss. I "bought" 5 tickets to Daytona Speedway and Chase reversed those charges. I've never been to Florida. The rest? Checks. Yes, I still write checks.

 

[Digger88]

AGI by the end of the year, huh?!? Love the AI race currently taking place

https://twitter.com/x/status/1968202372276163029