People are turning to AI for just about anything that you can think of. They are using it to help with awkward conversations. People are using AI to figure out strange health symptoms. To decide if it is worth a call to the doctor or a trip to urgent care. If only seems natural that people would also use AI when buying and selling real estate. Can you trust AI for real estate advice? AI can be a very useful tool. It can give you a general idea of how the real estate process works. It can help you understand terminology. But AI has its limitations. AI may not always give you accurate information.

There’s a story circulating on the internet. A well known celebrity used AI for guidance during real estate negotiations of a real estate contract. AI told the seller that he was accepting an offer that was too low. The buyer, in this negotiation also consulted AI. They were told that they were paying too much. Both can not be right! In this situation, the agents involved were able to step in and educate buyer and seller about the local market. That specific information was helpful in bringing the parties back to negotiations. Buyer and seller were able to make a deal. The correct, specific information on the local real estate market made the difference.

Should you trust AI?

Very few people actually trust AI, yet many still follow it’s advice. Fifty eight percent of people admit AI has influenced their opinions. Thirty two percent of people say that hey do not fully understand how AI generates its answers. But even with all of this skepticism many people still rely on the confident sounding answers from AI over a trusted, verified source.

How important is AI information?

This makes for a tricky situation. If you don’t understand how something works, it becomes very hard to recognize when it might be providing wrong information. AI is able to provide an answer in an authoritative manner. This makes AI information very easy to accept at face value. So how do you decide when and whether to use AI? It comes down to, use AI. Ask it questions. Also ask advice from friends and family. But at the end of the day, make sure that you have an agent that you like and trust. That agent can help you weigh the information that you have received. Then you can make confident decisions that work for you specific situation.