Michael P Jacobs MAI
Member
- Joined
- Jun 2, 2007
- Professional Status
- Certified General Appraiser
- State
- Florida
By now, I don't think I'm spilling the beans (speaking competitively), but it looks like the concept of subscribing to commercial narrative report writing software is approaching the end of economic life. Using my decades-refined MS Office template set, a bot is moving data and pictures of data tables back and forth between Word and Excel flawlessly, which is essentially what we're paying thousands for in various subscriptions.
An hours-old bot just front loaded all the administrative "fields" for a report from the engagement letter pdf, pulled in all the situs identification, tax, flood, zoning, tax, future land use, and other public domain data (including maps and diagrams) into Word and Excel, and drafted a very good property specific regional-to-local area analysis. I then "walked through" the results making changes as I went as I would with an assistant, until the eyeball-level property description where I took over to finish through to the end of HBU. My bot has a lot of suggestions to go further, too, because it claims to be able to use MLS and CoStar as me... probably not kosher though.
As I complete the analysis, it makes sure my changes ripple through the report template files correctly (even finding inconsistencies and considerations with suggested fixes).
Setting this up only took a few hours (mostly of it teaching me), and now it's self-managing error corrections and new features on the fly. I don't trust it (from studied experience) to be a co-appraiser, but it's turning into a killer assistant. I've been using AI for data gathering for a couple years, but only a few weeks ago started considering bot automations. When brave enough to try live during a busy period, I was amazed at how quickly it's become indispensable.
An hours-old bot just front loaded all the administrative "fields" for a report from the engagement letter pdf, pulled in all the situs identification, tax, flood, zoning, tax, future land use, and other public domain data (including maps and diagrams) into Word and Excel, and drafted a very good property specific regional-to-local area analysis. I then "walked through" the results making changes as I went as I would with an assistant, until the eyeball-level property description where I took over to finish through to the end of HBU. My bot has a lot of suggestions to go further, too, because it claims to be able to use MLS and CoStar as me... probably not kosher though.
As I complete the analysis, it makes sure my changes ripple through the report template files correctly (even finding inconsistencies and considerations with suggested fixes).
Setting this up only took a few hours (mostly of it teaching me), and now it's self-managing error corrections and new features on the fly. I don't trust it (from studied experience) to be a co-appraiser, but it's turning into a killer assistant. I've been using AI for data gathering for a couple years, but only a few weeks ago started considering bot automations. When brave enough to try live during a busy period, I was amazed at how quickly it's become indispensable.
