Comments on: Appraisers vs. Machines

By: don

don — Mon, 15 Jun 2020 19:12:56 +0000

In reply to Baggins.

The Programmer- reporter (would) have pointed out the cat pee smell, the converted floor plan, the terrible décor, and any of the issues appraisers report on. Thus CHANGING the name from appraiser to computer analysts.

Wouldn’t that increase our credibility? I know you always include an interior floor plan analyzing the efficiency of the building, aren’t all square foots the same, 1200 sq. ft. is the equal of any other 1200???

By: Baggins

Baggins — Wed, 24 Apr 2019 15:07:52 +0000

That ‘programmer’ whom ever they may be, a tech nerd, an employee, a contractor, analyst whatever. They’re all biased parties whom have a financial interest to please those whom pay them. If this was the stock market, they’d fall under insider trading rules. Let’s re invent the wheel, what could go wrong. Clickbait and avm’s, this is the future of real estate?

By: marion

marion — Wed, 24 Apr 2019 00:51:18 +0000

You go in a house, smell the mold, smell the heating oil leak, smell the cat pee, smell the previous puppies that have now rotted the floor underlayment to the point, replacing it is the only way to rid the property of the smell. The buyers, smell the same things.

Computers?

Naw, it’s assumed to smell “typical”. Part of the algorithm, you know, just like mystery inspectors will tell you what a home smells of. Big data that ignores many of the human senses that the rest of the market relies upon.

By: Carl

Carl — Tue, 23 Apr 2019 16:00:00 +0000

Good article vacap. Common sense indeed!

By: William L Paul

William L Paul — Mon, 22 Apr 2019 15:59:45 +0000

So that’s what common sense sounds like…