AI Agents and Appraiser Oversupply

[Carnivore]

You're absolutely right. Real property improvements can depreciate over time due to factors such as wear and tear, outdated designs, and general aging. While AI can provide accurate valuations based on available data, having periodic on-site inspections ensures that any changes in the property’s condition are accurately captured.

Regular inspections can:

- **Update Maintenance Records:** Ensuring that any recent repairs or upgrades are factored into the valuation.
- **Identify New Issues:** Spotting new problems that might affect the property’s value, such as structural damage or appliance depreciation.
- **Capture Real-time Conditions:** Reflect current market appeal, such as changes in landscaping or interior aesthetics.
- **Compliance with Local Regulations:** Ensuring all improvements meet current local codes and standards.

Combining AI valuations with periodic on-site inspections ensures a comprehensive and accurate property valuation, which is particularly beneficial for long-term property management or before significant transactions.

Would you like to explore more about the timeline for such inspections or how often they should be conducted?

 

[Carnivore]

For maintaining property value accurately, generally, it is recommended to perform on-site inspections at certain key intervals:

1. **Move-in and Move-out Inspections:** Essential for documenting the property's condition at the start and end of a lease.
2. **Regular Preventive Inspections:** Typically conducted every three to six months. This helps identify any emerging issues early on.
3. **Bi-annual or Annual Inspections:** Some property managers opt for semi-annual or annual inspections for a thorough review of the property’s condition.

Frequent inspections aid in detecting and resolving issues promptly, thus maintaining the property’s condition and value.

Would you like to delve into more details about any specific type of inspection?

 

[Carnivore]

Absolutely. Having property data collection as close as possible to the valuation effective date ensures that the information used is accurate and reflective of the current condition and market trends. This practice minimizes discrepancies that can arise from:

- **Recent Changes:** Any recent upgrades, repairs, or damages.
- **Market Fluctuations:** Changes in the real estate market that could affect the property's value.
- **Seasonal Factors:** Seasonal influences, such as landscaping or weather-related conditions.

Ultimately, timely data collection provides a more reliable and precise valuation, which is crucial for making informed decisions.

Is this in line with your thoughts on property valuation?

 

[Carnivore]

Definitely. A well-trained property inspection person is essential for ensuring accurate and thorough inspections. Proper training equips them with the knowledge to identify and assess:

- **Structural Integrity:** Spotting issues such as foundation cracks, roof damage, and other structural concerns.
- **Systems and Appliances:** Evaluating the condition of HVAC systems, plumbing, electrical work, and major appliances.
- **Building Codes:** Ensuring the property complies with current building codes and regulations.
- **Pest and Mold Issues:** Detecting signs of pest infestations or mold growth, which can significantly impact property value.
- **Interior and Exterior Condition:** Assessing the quality and maintenance of interior and exterior features, including windows, doors, flooring, and landscaping.

A well-trained inspector can provide a detailed report that accurately reflects the property's condition, which is invaluable for making informed decisions about buying, selling, or maintaining a property.

Would you like to know more about what specific training or certifications property inspectors should have?

 

[Carnivore]

Yes, property data collectors should indeed be well-trained to ensure that they gather precise and comprehensive data. Here are some reasons why and the key aspects of their training:

### Importance of Training
- **Accuracy:** Proper training ensures that data collectors can accurately measure and document property features and conditions.
- **Standards Compliance:** Trained professionals are aware of and adhere to industry standards and best practices.
- **Consistency:** Ensures that data is consistently collected across different properties, making comparisons and analyses more reliable.
- **Safety:** Trained data collectors are better equipped to handle potential hazards and ensure their own safety as well as that of occupants.

### Key Training Aspects
- **Technical Skills:** Learning how to operate measurement tools, cameras, and software for data collection.
- **Knowledge of Property Systems:** Understanding key systems like HVAC, plumbing, and electrical, to accurately assess and document their condition.
- **Attention to Detail:** Developing an eye for detail to notice and record minor issues that might affect property valuation.
- **Report Writing:** Training on how to compile data into clear, comprehensive reports that can be used by appraisers, inspectors, and other stakeholders.
- **Legal and Ethical Standards:** Ensuring they are familiar with applicable legal and ethical standards to maintain integrity and trust in their work.

### Certifications
They might also benefit from certifications such as those offered by institutions like InterNACHI or ASHI, which provide specialized training for home inspection and related fields.

Having well-trained property data collectors contributes significantly to accurate property valuations and reliable assessments.

What aspect of property data collection interests you the most?

 

[Carnivore]

Yes, including the date of inspection in property data collection reports is crucial. The inspection date provides context and ensures transparency by indicating the exact time frame when the data was collected. This information is essential for:

- **Accuracy:** Ensuring the data reflects the property's condition at a specific point in time.
- **Relevance:** Helping users of the report understand how current the data is, and whether any recent changes might not be reflected.
- **Comparison:** Aiding in comparisons with other reports or valuations, making it easier to track changes over time.
- **Documentation:** Serving as a documented record for future reference in case of disputes or legal matters.

Having the inspection date in the report adds to its credibility and usability, ensuring all parties involved have a clear understanding of the timing of the data collection.

Including the name and phone number of the property data collector in the report is a good practice. It ensures transparency and provides a direct point of contact for any follow-up questions or clarifications. Here are some reasons why this is beneficial:

- **Accountability:** It holds the data collector accountable for the accuracy and thoroughness of the report.
- **Verification:** Allows for easy verification of the collected data with the original collector if needed.
- **Follow-Up:** Facilitates direct communication for any unresolved questions or required additional information.
- **Professionalism:** Adds a level of professionalism and credibility to the report.

Having these details included can lead to a more comprehensive and trusted report, ultimately benefiting all parties involved in the property transaction or assessment.

Would you like to explore any other aspects of property data collection?


Is this information helpful for your needs? one last statement

"
You make a valid point that having the Property Data Collector's name and phone number in the report is critical. The use of "should" versus "must" can indeed imply a difference in the level of necessity, and in this case, I agree with you that "must" conveys the importance more strongly.

Including these details is not just about accountability and transparency, but also about ensuring that the report can be trusted and easily verified. It provides a clear point of contact for any follow-up questions or clarifications and enhances the overall professionalism of the document.

So, I don't think you're wrong at all. Emphasizing that this information "must" be included aligns with best practices for accuracy, accountability, and reliability in property data collection.

Do you feel this helps clarify your stance?




Yes!!



am done. Microsoft Co-Pilot AI was awesome.

 

[J Grant]

While AI will help discover drugs and cures and advances in science or medicine, It is a big overhyped PITA in all else. All it does, since introduced, is pester people and make a few simple tasks easier such as filling in the end of a word or phrase when typing
When asked a question, sometimes it is flat-out wrong, other times right, yet even when right, AI looks impressive e yet offers no genuine insight or perspective; it just writes in correct but dull language, a winding response that never talks about anything negative or if it does only in the most general terms. It is very superficial; it brings up facts, but the facts can be found in a simple search anyway.

The spell check is horrible; while it spells correctly, it also inserts incorrect and sometimes felt dumb word suggestions or substitutes.

It can recognize objects, and thus, in the future, it will be developed to assist in driverless cars and vehicles - wiping out a ton of well-paid or middle-class jobs like truck driving and delivery or gig driving or taxi service. I have no idea what those folks are supposed to retrain for or do.

As far as creativity, I tried Gat GPT for novel writing; its prompts offer banal and cliche plot ideas - it is not truly creative and just plagiaries content created by human creators ( many who are suing the companies for intellectual property theft )

Overall, it is a big hype from the tech titans to make hundreds of billions for themselves while putting masses of people out of work or downgrading in pay with mostly net marginal gains for society. My view of it, anyway - the positives they keep mentioning are mostly about efficiency -but efficiency mostly benefits the top tier owners or management, and the downsides mentioned by ever expert, the fact that AI cn spread lies and political agenda, use bots and deep fakes of people and other nefarious uses of social media., The potential for misuse in weaponized drones and autonomous weapons is horrific to contemplate.

Imo it's use should be confined to science and medicine and leave everyone else alone - but that won;t happen, it most likely will disrupt humanity, lead to mass unemployment and lead to more problems than it creates solutions for.