AI property valuations: useful tool or false sense of certainty?
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AI property valuations: useful tool or false sense of certainty?
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AI can now deliver median prices, sale histories and demographics in seconds. But when it comes to assessing the value of a specific property, the technology has real limitations – and buyers who treat AI-generated valuations as fact risk making decisions based on flawed data.
In this episode, Jarrod examines how AI valuation tools work, where they fall short, and what a physical inspection reveals that no algorithm can replicate.
- Why incorrect data and non-market transactions distort AI valuations
- The nuances AI can't yet assess – from floor plan flow to renovation quality
- How position within a block and structural integrity only reveal themselves in person
- A case study where a free valuation tool got it wrong by $100,000
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