|
|
|
|
|
|
by threeseed
639 days ago
|
|
|
What you describe there has nothing to do with humans being flawed. There simply isn't any "right answer" for how much a house is worth. I've used countless web-based valuation services and they all had quite large price ranges as well. |
|
|
So you agree that AI does bring something to the table if it can narrow the range to ~5-10% ?
Human appraisals are a joke and should be a narrower range than what I've seen. It's never exact, even a house for sale is just an Ask Price for what they hope someone will pay. It does no good to a buyer if their agent advise buyers on prices and values and what to offer if this range is too wide or margin of error too large. It basically comes down to offer X% below ask if you like it, offer ask if you love it, offer X% over ask if you will cry over losing it. No AI needed or agent needed at all, this is just a personal finance decision making process and more about your emotions & budget than anything else.