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Will AI Replace the Real Estate Appraisal As We Know It? w/ Tom Canale
Manage episode 444519834 series 3577559
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In today’s fast-evolving real estate landscape, technology is changing how we do everything—including property appraisals.
The rise of Automated Valuation Models (AVMs) has left many wondering: Is the traditional appraisal process going to be replaced?
While AVMs offer speed and convenience, they rely heavily on data. But what happens when the data is incomplete, inaccurate, or fails to account for the unique nuances of a property?
Can AI truly capture the condition of a home without stepping inside? Many appraisals are automated today, but there will always be properties that require a human touch—a walk-through that AI simply can’t replicate.
In this episode, certified residential appraiser, licensed real estate broker and founder of Truppraisal, Tom Canale joins talks about how new technology is impacting appraisals. We also talk about the number 1 mistake agents make when it comes to comps and how Truppraisal helps both the 13% and 87%.
Guest Bio
Tom Canale is a seasoned real estate professional with over 20 years of experience in residential property appraisals and sales. Having sold millions of dollars worth of homes as a real estate broker, Tom combines his extensive industry knowledge with a genuine passion for helping others.
Tom’s entrepreneurial journey began in his twenties with the launch of 2-Day Appraisal Inc., a successful business that grew to employ nine people during a booming real estate market. In 2018, he and his wife expanded their ventures by purchasing and transforming a restaurant into a thriving family-friendly sports grill.
Now, with his focus on Truppraisal, Tom is channeling his experience and vision into this next chapter, optimistic about the bright future ahead.
Visit https://truppraisal.com/
Find Tom on LinkedIn @Tom Canale
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