Artificial Intelligence

[Vermonter]

Currently I'm using it for market analysis and rewriting clunky paragraphs, writing texts and proofreading. I'll use the air gapped version to help me speed up Excel programing, answer questions like "show me all the reports I used a discounted cash flow on". "Pull up the last golf course report I did." "Write a paragraph explaining the loaded cap rate analysis based on the last times I explained it in my report." You're limited by your creativity and to some extent, the limitations of the AI.

Same, but think you can get by with the free version of any of the big ones for all that. I don't think you'd see a benefit from the paid versions.

I have some locally hosted models, even some of the larger ones, but find the free version of ChatGPT works fine for appraisal related work. Learning how to get the most out of them is probably where you want to focus.

The paid services are kinda like Appraisal software companies, they nickel and dime you for features you may be able to achieve thru the free versions.

There's actually a free Real Estate Appraisal Agent in ChatGPT. No personal experience tho

 

[WestMichiganCG]

Same, but think you can get by with the free version of any of the big ones for all that. I don't think you'd see a benefit from the paid versions.

I have some locally hosted models, even some of the larger ones, but find the free version of ChatGPT works fine for appraisal related work. Learning how to get the most out of them is probably where you want to focus.

The paid services are kinda like Appraisal software companies, they nickel and dime you for features you may be able to achieve thru the free versions.

There's actually a free Real Estate Appraisal Agent in ChatGPT. No personal experience tho

The issue is that I want it to give me information off of all my reports. Dumping them into the free version gives it access to my work files which breaks confidentiality and is considered a USPAP violation. There's also a limit in the free version to how many characters I can dump in.

 

[Vermonter]

The issue is that I want it to give me information off of all my reports. Dumping them into the free version gives it access to my work files which breaks confidentiality and is considered a USPAP violation. There's also a limit in the free version to how many characters I can dump in.

Assumed all online versions were mining data you feed them, even the paid ones. Do the paid versions say they don't?

You could try selfhosting, but that does complicate things. You can update the models, feed them data and allow internet access but they don't phone home. Not sure how to set it up on windows tho.

 

[Mark K]

I'm not intimidated. I have no use for it. Basic human intelligence working fine.

I'm looking forward to the day when artificial intelligence will overpower natural ignorance. Soon I hope.

 

[Fernando]

My brother has developed an AI app. It's more at slightly below level of DeepSeek.
It's not as good as ChatGPT. Still ChatGPT is still not as good as l like.

 

[WestMichiganCG]

I went with ChatGPT.

 

[J Grant]

I went with ChatGPT.

Let us know how it works out.

 

[Sadie]

I just had my third problem with AI and Flood Maps and Location Maps. Subject location was off by .33 mile and flood map was over 6 miles off. Applicant is now questioning everything. Software is ACI, been with them for 30 years, How would you deal with an AI problem that you can't control? If I spend $ 800. a year for ACI, I expect some accurate plotting.
I just told the client that software (AI) chose the maps not me. Maybe they with think twice about AVM's and Drivebys relying on AI data.

With ACI I notice that it will just put the property in the middle of the zip code (?) if it can't actually locate the property. But if you do the location map and drag your subject to the correct place, the flood map will then generate the correct map. Its been that way for a while. The location maps haven't been the same since Geolocate went away.