Sellers Using AI May Create Issues
By Leanne Smith, The Grit and Gratitude Agent
(Dirt Road Real Estate)
Artificial Intelligence, AI, is so prevalent that sellers are now using this tool to value and validate their residential or vacant land properties. This past week I have been working with a seller who happens to believe AI is an exceptional research tool. Fortunately being old school, I have been able to educate him specifically that AI does not always compare apples to apples.One of the very critical issues is AI fails to look at any expired listings. In this case there was a a vacant land expired listing for more acreage and that vacant land listing sat on the market for 365 days. Another even more serious issue is the presence of EPA flood plains along with the presence or lack thereof utilities.By the way, if I printed out all the documents this seller has sent me along with the em...
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