ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers?
by Dustin Harris, The Appraiser Coach
Excerpts: ChatGPT: A Game-Changer for Appraisal Work
For those who have embraced it, ChatGPT has been transforming multiple aspects of appraisal work, such as:
Appraisal Work:
- Writing narrative
- Market analysis
- Market-specific information
- Descriptions of adjustments
- Terminology
- ResearchMarketing:
- Creating lists
- Writing emails and messages to current and potential clients
- Crafting blogs
- Strategizing networking and relationship development
- Writing presentations for ‘lunch and learn’ events with real estate agents
- Crafting the perfect apology letter when you upset a key loan officer in your small town
- To read lots more, click here
- My comments: Many thanks to Dustin for writing this article! I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. It definitely can be very useful, as Dustin explains. It can be tricky at first to use, but Dustin explains it.
I recently had to renew my California Driver’s license, as I am over 70 and had to do a written exam and eye test. I had difficulty setting up an appointment and clicked on “Chatbot”. It was much friendlier than any other Chat support I have used. I recognized the use of software similar to ChatGPT.
Fannie: Words and Phrases in Appraisals
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NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination