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AI Overestimated Repairs by $230K | Real Estate News
An AI spat out a $250K repair estimate for a house it had never seen—sending a skeptical buyer, George, running. The realtor, a veteran who teaches tech to other agents, knew it was nonsense, but George wouldn’t listen. After walking away, the seller hired pros who found repairs costing just $17K–$19K. Then George tried the same AI on another home—it guessed $150K. Again, the agent reminded him of the first mistake. This time, George chose humans—and got a $20K seller credit. A cautionary tale: AI’s powerful, but human judgment still rules when money and decisions are on the line. Listen in…
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