Episode 178 - AI Valuations: Can You Trust Them?
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Episode 178 - AI Valuations: Can You Trust Them?
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In this episode of 'Cut to the Chase', Diego and Aaron delve into the topic of AI valuations in real estate. They discuss the potential and limitations of using AI as a tool for property valuations, emphasising that while AI can provide valuable data, it should not be relied upon as the sole determinant of a property's value. They highlight the importance of combining AI data with practical insights and warn against the common mistake of taking AI valuations at face value. They also share practical advice on how to effectively use AI tools like ChatGPT for comparing property data, ensuring that this information is easy to understand and useful in real estate transactions.
Timestamps:
00:00 Introduction to the Episode
00:23 Understanding AI in Real Estate Valuations
01:21 Practical Use of AI Tools
02:39 Limitations of AI Data
03:16 Conclusion and Next Steps