A man let ChatGPT sell his home. It beat every agent’s estimate by $100K—and closed in 5 days
It all started with a long road trip from South Florida to North Carolina last holiday season. While Robert Levine was driving, he asked his wife in the passenger seat to ask ChatGPT questions about the home selling process. “Are we in a position to do this?” they asked. “What is the tactically realistic timeline?”
The conversation started as a way to pass the time on the long journey. But it soon turned into a comprehensive effort, with AI taking over marketing, planning, pricing and negotiation. With simple guidance throughout the home selling journey, Levine and his wife signed a signed contract to sell their home in Cooper City, Florida, for $954,800, or $100,000 more than real estate agents estimated the home was worth.
“When we met with real estate agents, they had no confidence in pricing,” Levine said. Luck. “ChatGPT has given us more confidence in the price points of where the market is heading.”
AI models are becoming increasingly capable of completing even the most complex tasks, exceeding the benchmarks set by the world’s smartest models mathematicians And lawyers were seen as heavy obstacles.
It’s not just businesses that benefit from technology. Ordinary Americans are using AI to serve themselves; some use it to sell their homes, others for more controversial practices. they complete their schoolwork. Some artificial intelligence experts and business leaders say the technology wipe out White-collar workers and real estate agents may not be able to escape this situation either.
Levine has the technological acumen to utilize the full scope of ChatGPT tools. As CEO of strategic consulting firm ComOps, he guides casinos and hospitality brands on how to leverage AI. Still, Levine believes the way he sold his home is approachable even for those less tech-savvy than he is.
“I recommend it to everyone,” he said. “ChatGPT is not coding. It’s a conversation, and if you still want to go in that direction, you’ll need to have that conversation with a real estate professional.”
ChatGPT as a negotiator and painter
For Levine, meetings with real estate agents didn’t fit into his busy schedule. Although he talked to some of them, none of them were sure about the price of his house. ChatGPT, on the other hand, assured her that listing the house for $100,000 more than the realtors suggested was the right move.
According to Levine, the home sold for one of the highest prices per square foot on the market, even though it didn’t have the best view, the largest lot or the most up-to-date property in the area.
AI has planned the most detailed aspects of the home selling process. She gave tips on how to update the property, even suggesting which walls to repaint. And that told Levine when to schedule home visits to fit his schedule. The father of three eventually showed his home to 15 potential buyers, a third of whom applied.
“That pushed us into all of this, including little things I would never have thought of,” Levine recalled. “First impressions are important. We hear that all the time about objection removal. But at the same time, they don’t want to see scratches on the wall when they walk into the house.”
While the AI served as Levine’s personal real estate agent, there were some obstacles to its abilities. First, Levine had to be engaged every step of the way. This meant asking the AI for instructions rather than delegating tasks to an autonomous AI agent. And meanwhile Recent studies have shown Artificial intelligence is theoretically capable of performing many of the tasks performed by a lawyer; He chose to hire his own lawyer. And of course, technology couldn’t host open houses or put her family’s belongings in boxes.
Levine still thinks real estate agents are meeting the needs of specific home buyers, but he believes all home sellers can benefit from this technology.
“It doesn’t necessarily replace the pros,” he said. “But it allows us all to have the ability to be more curious and more confident in the decisions we make.”
This story first appeared on: Fortune.com
