Reno Real Estate Blog

Welcome to the Reno Real Estate Blog, your ultimate source for insights, trends, and expert opinions on the vibrant real estate market in Reno, Nevada. I'm Joshua Skroch, and I'm thrilled to be your guide through the exciting world of Reno's property landscape. Stay tuned for valuable insights and expert advice that will help you make informed decisions in Reno's ever-evolving real estate world.

April 1, 2023

AI and the Future of Real Estate

AI and the Future of Real Estate

 

Everywhere you look, AI is the hottest new subject when it comes to the tech industry. There is a lot of buzz on how AI will change how we interact with each other in business, school, social media, etc. Artificial Intelligence has been around in some form or another forever (see timeline here)We’ve seen it in video games like chess, where the game changes strategies based on how the human player moves, as well as with algorithms on the web that try to understand the reason behind a search query as opposed to just the plainly written words. There are autonomous cars, robots that vacuum and avoid obstacles, computer generated artwork and more. All these are examples of Artificial Intelligence at work. AI in its simplest form is human intelligence processes simulated by machines. And, a lot of AI programs focus on speech recognition and natural language processing, enter Chat-GPT.

Chat-GPT is a publicly available AI program written by OpenAI that allows users to ask queries, get answers, ask follow-up questions and have a conversation with the program. Chat-GPT’s natural language processing is so effective, it feels like you’re having an actual dialogue with another person. It’s pretty cool. You can ask it to write emails for you, give a synopses on books or movies, ask questions about music, technology, history, almost anything you can think of. And, when it gives you answers, you can ask it to clarify a point, go in more detail, or explain in a different way. Now, because it’s a machine, it does have limits, and after using it a while, you’ll start to notice them, but overall, it’s a really cool program.

So, when I first heard about this, I wanted to try it out, and because I’m in real estate, I thought I’d see if there are in practical uses when it came to my profession. So, I decided to see how effective it would be in writing a listing description. And the results were amazing. Below, you can see my full conversation with Chat-GPT, and see how it responds to my questions.

Me, a little skeptical, writes:

Please rewrite this listing description “Come check out this beautiful 3 Bed/2 Bath home located in the Sage Meadow community of Damonte Ranch! This home is a must see. The open-concept kitchen with its stainless steel appliances, granite countertops, and dark cabinetry which contrasts perfectly with the light ceramic tile, is a great place to gather with friends, cook a holiday feast, or just enjoy your morning coffee. Natural light pours into the living room, where you can enjoy a great book, watch your favorite movie or just take a nap on the couch on a Sunday afternoon. In the backyard, you’ll enjoy barbecuing in the afternoons, and watching the sunset over the sierras in the evenings. Located close to shopping centers, parks and schools, this home won’t be available for long, so schedule an appointment today!”

Chat-GPT, within seconds, starts typing across my screen:

Check out this stunning 3-bed, 2-bath home in the Sage Meadow community of Damonte Ranch! You won’t want to miss this one. The kitchen boasts an open design with stainless steel appliances, granite countertops, and dark cabinetry that contrast beautifully with light ceramic tile. Perfect for entertaining, cooking, or sipping coffee. The living room is filled with natural light and ideal for relaxing with a book, watching movies, or napping on the couch. The backyard is perfect for barbecuing and admiring sunsets over the Sierras. Conveniently located near shopping, parks, and schools, this home won’t last long. Schedule a viewing today!

Me, somewhat amazed at the speed, and the results asks:

Can you make it more exciting?

Chat-GPT, with ease, spits out:

Unleash your dream home in the stunning Sage Meadow community of Damonte Ranch! This 3-bed, 2-bath beauty is a must-see. Get ready to cook up a storm in the kitchen, featuring stainless steel appliances, granite countertops, and dark cabinetry set against light ceramic tile. Gather with friends and family or just enjoy your morning coffee in this open-concept space. The living room is bathed in natural light, perfect for a cozy book, movie marathon, or lazy Sunday nap. Step outside to the backyard and fire up the grill for an afternoon barbecue while admiring breathtaking sunsets over the Sierras. Located near shopping, parks, and schools, this home is the complete package. Don’t wait, schedule your viewing today and make this dream a reality!

Me, thinking this is fun continues:

Can you write it as if it is the last house available during a zombie apocalypse?

Chat-GPT, without missing a beat, writes:

Last House Standing in the Heart of Sage Meadow! Secure your future in the midst of a zombie apocalypse with this beautiful 3-bed, 2-bath home in the desirable Damonte Ranch community. This safe haven boasts a stunning open-concept kitchen with stainless steel appliances, granite countertops, and dark cabinetry that contrasts perfectly with light ceramic tile – the perfect place to prepare for a long siege or whip up a feast to celebrate your survival. The living room, drenched in natural light, provides a peaceful escape from the chaos outside. Relax with a book, watch your favorite movie, or catch some well-deserved shut-eye on the couch. The backyard is ready for barbecuing and admiring sunsets, offering a respite from the horrors of the outside world. Conveniently located near shopping, parks, and schools, this is your last chance to secure a home before it’s too late. Don’t wait, schedule your viewing today and ensure your future in the face of the undead!

Me, now laughing, and can’t help myself decide to respond:

Can you rewrite it as if Michael Scott from The Office was the author?

Chat-GPT, easily types:

Attention everyone! This is a totally real estate opportunity you won’t want to miss! Let me tell you about this beautiful 3-bed, 2-bath home located in the Sage Meadow community of Damonte Ranch. It’s simply fantastic! And I know fantastic. You’ll love the kitchen, with its stainless steel appliances, granite countertops, and dark cabinetry set against light ceramic tile. It’s the perfect place to have a party, cook a 5-course meal, or just enjoy a cup of Dundie Award-winning coffee. The living room is a bright and sunny place to read a book, watch your favorite movie, or take a nap on a lazy Sunday. And the backyard, well, it’s just the place to be for a good old-fashioned barbecue and to watch the sun set over the Sierras like a true survivor. This home is conveniently located near shopping, parks, and schools, but it won’t be available for long! So what are you waiting for? Schedule your appointment today and let’s make this happen!

Me, shaking my head, decide to get back to something more realistic and ask:

Can you rewrite the original description for a luxury audience?

Chat-GPTanswers:

Indulge in the epitome of luxury living at this magnificent 3-bedroom, 2-bathroom residence located in the highly sought-after Sage Meadow community of Damonte Ranch. This opulent home boasts a gourmet kitchen, fully equipped with stainless steel appliances, gleaming granite countertops, and custom cabinetry in a sleek dark finish, flawlessly complemented by light ceramic tile flooring. The spacious living room, drenched in natural light, invites you to relax and unwind, whether you prefer curling up with a book, watching a movie, or taking a nap on the couch. Step outside to the backyard and bask in the beauty of al fresco dining while admiring breathtaking sunsets over the Sierras. Conveniently located near world-class shopping centers, parks, and schools, this home embodies the ultimate in comfort, style, and location. Don’t miss this rare opportunity to live life to the fullest. Schedule your private viewing today.

For the most part, the results produced by Chat-GPT seemed natural, and I would think most people would have trouble deciphering which was written by a human or by the computer. With that in mind, Chat-GPT demonstrates how time can easily be saved when performing standard tasks. As of right now, it’s applications in real estate are minimal, and would be focused on efficiency. In the future, as AI progresses, I could see where large portions of the real estate transaction are handed over to this technology. Processes like scheduling inspections and repairs, coordinating showings, managing offers, and organizing all the paperwork. Who knows, maybe in the future there will be AI chatbots negotiating real estate deals. That would be crazy!

No matter how technologically advanced this process gets, I’m sure there will still be room for the human touch. The human who can empathize with and counsel someone when they’re going through one of the biggest changes in their life, buying or selling a home. Maybe, just maybe technology will actually make it easier for agents to focus on the deeply needed soft skills, while the routine tasks are getting done by machines.

 

 

Joshua Skroch

Joshua Skroch

The Reno/Sparks Real Estate Geek

I serve families in the Reno-Sparks area who are done with slick salesmen and just want a REALTOR® who’s on their side and will fight for them. I help get you exactly what you want, which is the best price for the home you’re selling or the best value for the home you want. Read more about me

Posted in General
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Joshua Skroch

Joshua Skroch

The Reno/Sparks Real Estate Geek

I serve families in the Reno-Sparks area who are done with slick salesmen and just want a REALTOR® who’s on their side and will fight for them. I help get you exactly what you want, which is the best price for the home you’re selling or the best value for the home you want. Read more about me

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Joshua Skroch

Joshua Skroch

The Reno/Sparks Real Estate Geek

I serve families in the Reno-Sparks area who are done with slick salesmen and just want a REALTOR® who’s on their side and will fight for them. I help get you exactly what you want, which is the best price for the home you’re selling or the best value for the home you want. Read more about me

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Reno Market Report, December 2022 Reno, NV Media Price Point, December 2022 Sparks, NV Media Price Point, December 2022 Reno & Sparks, NV Real Estate Inventory, December 2022 Reno & Sparks, NV Real Estate Inventory, December 2022
Joshua Skroch

Joshua Skroch

The Reno/Sparks Real Estate Geek

I serve families in the Reno-Sparks area who are done with slick salesmen and just want a REALTOR® who’s on their side and will fight for them. I help get you exactly what you want, which is the best price for the home you’re selling or the best value for the home you want. Read more about me