Latest / Connor with Honor: AI, Real Estate and Real Life / Seller Decision Review: Real Math, No Guessing
Transcript
- 0:00SPEAKER_00: This other decision review is not me walking through your home and blurting out a number.
- 0:05SPEAKER_00: It's a conversation we have before a confident answer would be honest.
- 0:09SPEAKER_00: And first I want to understand the property itself.
- 0:12SPEAKER_00: When has it been updated?
- 0:13SPEAKER_00: What has been updated?
- 0:14SPEAKER_00: What needs attention?
- 0:16SPEAKER_00: What makes this home different from the choices a buyer can make instead?
- 0:20SPEAKER_00: And then I want to understand timing.
- 0:22SPEAKER_00: Are you testing the market?
- 0:24SPEAKER_00: Are you moving for work, making a family decision, or trying to coordinate the next home?
- 0:28SPEAKER_00: Those are different decisions and they deserve different planning.
- 0:31SPEAKER_00: Then we're going to look at the competition.
- 0:33SPEAKER_00: So not every home with the same bedroom couch competes with yours.
- 0:37SPEAKER_00: Condition, location, layout, presentation, and the price range.
- 0:41SPEAKER_00: A buyer is shopping all matter.
- 0:43SPEAKER_00: Now we will talk about preparation.
- 0:45SPEAKER_00: What is worth fixing, what's worth cleaning up, and what can wait because it's not going to change the decision.
- 0:51SPEAKER_00: And finally, we decide what evidence is still missing before you make a move.
- 0:55SPEAKER_00: That might be current competing homes, recent buyer feedback, a preparation plan, or a closer look at your timing.
- 1:02SPEAKER_00: A seller decision review is not a guaranteed valuation, it's not a preset fee either.
- 1:08SPEAKER_00: And it's not a promise of an outcome.
- 1:10SPEAKER_00: It's how we replace guessing with the right questions and real evidence.
- 1:14SPEAKER_00: A number without questions behind it is just a confident guess.
- 1:18SPEAKER_00: And if you're considering a sale, ask me for a seller decision review.
- 1:26SPEAKER_00: AI can make a home description sound like an evaluation even when it has almost none of the facts.
- 1:32SPEAKER_00: So here's the better way to use it.
- 1:34SPEAKER_00: Start with a fictional example, not a client's address or private documents.
- 1:38SPEAKER_00: Say the sample home has three bedrooms, an updated kitchen, a backyard, and a seller who may move next year.
- 1:45SPEAKER_00: Do not ask AI what the home is worth.
- 1:47SPEAKER_00: Ask this instead.
- 1:49SPEAKER_00: What questions would have to be answered before anyone could discuss a selling decision responsibly?
- 1:56SPEAKER_00: Tell it to separate known facts from unknown facts.
- 1:59SPEAKER_00: Tell it not to estimate a price and tell it to list the evidence that still needs to be checked.
- 2:04SPEAKER_00: A useful answer might ask about the exact neighborhood, lot, condition outside the kitchen, and of course permits, recent competing homes timing, and what buyers are seeing when they tour similar properties.
- 2:17SPEAKER_00: This is useful because it gives you a better conversation.
- 2:20SPEAKER_00: Now it doesn't turn a short description into a real valuation.
- 2:23SPEAKER_00: AI can organize questions quickly.
- 2:26SPEAKER_00: It can't see the property, verify the facts, or make the decision for you.
- 2:30SPEAKER_00: Unknown stays unknown until you check it.
- 2:33SPEAKER_00: Useful starts with a better question, not a prettier answer.
- 2:37SPEAKER_00: If you're thinking about selling, ask for a seller decision review built on the real questions.
- 2:58SPEAKER_00: Here's a current example.
- 2:59SPEAKER_00: The National Association of Realtors reported that August existing home sales were down 2% from the prior month.
- 3:06SPEAKER_00: It also reported national supply at 4.9 months.
- 3:10SPEAKER_00: And those are real national numbers.
- 3:12SPEAKER_00: They help describe a broad series across the country.
- 3:15SPEAKER_00: They do not tell you what your home should be listed for.
- 3:18SPEAKER_00: They do not tell you whether your kitchen changes your competitive position.
- 3:22SPEAKER_00: They do not tell you which homes a buyer will compare with yours this week, and they do not tell you whether your timing makes a price adjustment, preparation work, or patience the smarter next move.
- 3:33SPEAKER_00: That's why I do not use a national headline as a pricing appointment.
- 3:37SPEAKER_00: Now, for one home, I want current competing choices, condition, buyer feedback, and the relevant price band and the seller's actual timeline.
- 3:46SPEAKER_00: The headline may still matter.
- 3:48SPEAKER_00: It can tell us what question to investigate, but it cannot answer the property level question by itself.
- 3:54SPEAKER_00: A headline can start the investigation, but it can't finish the decision.
- 3:58SPEAKER_00: If a headline has you wondering what to do with your home, ask me for a seller decision review.
- 4:09SPEAKER_00: Most businesses think they need an AI voice agent because it can talk.
- 4:16SPEAKER_00: This is not a test.
- 4:18SPEAKER_00: The test is whether it can handle a straightforward caller, recognize when it does not know the answer, and get a human involved without pretending.
- 4:26SPEAKER_00: Start with the questions your team hears every week.
- 4:30SPEAKER_00: What do you do?
- 4:31SPEAKER_00: Where do you serve?
- 4:33SPEAKER_00: How does somebody request an appointment?
- 4:35SPEAKER_00: What should happen when a caller has a question that the system cannot verify?
- 4:39SPEAKER_00: And then write the handoff before you write the clever lines.
- 4:44SPEAKER_00: Now, if the system doesn't know, it should say so.
- 4:47SPEAKER_00: If the caller needs a person, the next step should be very clear.
- 4:51SPEAKER_00: And if the call involves a sensitive issue, the human should own the decision.
- 4:55SPEAKER_00: That's the difference between an AI voice tool that sounds impressive and one that is actually useful.
- 5:01SPEAKER_00: The goal is not to replace judgment, the goal is to make the first response clearer and make a human handoff easier when it matters.
- 5:08SPEAKER_00: If your business loses good calls because nobody can answer every time, ask me for an AI voice diagnostic.
- 5:20SPEAKER_00: The honor daily is for people who want the source before the shouting starts.
- 5:24SPEAKER_00: There's no shortage of headlines.
- 5:26SPEAKER_00: The hard part is knowing what was actually reported, what it means, and what still has not been proven.
- 5:32SPEAKER_00: This is how I built the paper.
- 5:34SPEAKER_00: I start with the source.
- 5:35SPEAKER_00: I separate the fact from the claim and from my own opinion.
- 5:39SPEAKER_00: I name that limit when the evidence is incomplete, and I try to leave you with one useful question instead of ten more reasons to be angry.
- 5:47SPEAKER_00: It covers the world, property, real estate, AI health, and the ideas that shape the way we live.
- 5:53SPEAKER_00: You choose how often you want it.
- 5:55SPEAKER_00: Weekly, Monday and Thursday, each afternoon, or morning and afternoon.
- 5:59SPEAKER_00: The point is not more noise in your inbox.
- 6:01SPEAKER_00: The point is a briefing that you can actually use.
- 6:06SPEAKER_00: Go with the honor daily.com and choose your pace.
- 6:13SPEAKER_00: Everyone asked me what their house is worth, but almost nobody asks me what they'll actually keep.
- 6:19SPEAKER_00: And those are two different questions.
- 6:21SPEAKER_00: Sales price is what a buyer pays.
- 6:23SPEAKER_00: Proceeds is what lands in your account after the payoff, the expenses and the credits that you agreed to.
- 6:29SPEAKER_00: Here's an example:$950 sale price,$520 payoff,$12,000 expenses,$15,000 in buyer credits.
- 6:38SPEAKER_00: That's$403,000 left.
- 6:41SPEAKER_00: And I haven't even touched the listing fee yet.
- 6:44SPEAKER_00: Why?
- 6:45SPEAKER_00: Because my fee isn't a number I post on a website.
- 6:48SPEAKER_00: It's negotiated with you before we sign in writing, before we sign anything.
- 6:53SPEAKER_00: No universal price, no percentage pulled out of thin air.
- 6:56SPEAKER_00: I built a calculator so you can run your own number before you even call me.
- 7:00SPEAKER_00: Plug in your price, your payoff, and your expenses and see your real subtotal.
- 7:05SPEAKER_00: Then come talk to me about the rest.
- 7:07SPEAKER_00: That's seller's only agent.
- 7:08SPEAKER_00: I represent the seller, only the seller every time.
- 7:12SPEAKER_00: Links below, go run your numbers.
- 7:18SPEAKER_00: I'll just wait for the market to go up.
- 7:21SPEAKER_00: Fine.
- 7:22SPEAKER_00: Let's do the math on that.
- 7:23SPEAKER_00: So$950,000 house,$6,200 a month, just to keep it.
- 7:29SPEAKER_00: Wait three extra months.
- 7:31SPEAKER_00: That's$18,600 gone before you sell anything.
- 7:34SPEAKER_00: For waiting to actually pay off, your home needs to gain about 2% just to break even.
- 7:39SPEAKER_00: A 2% bump on$950 is$19,000, minus your$1,86 in carrying costs, closing costs, you just made$400 for three months of stress.
- 7:50SPEAKER_00: That's it.
- 7:51SPEAKER_00: $400.
- 7:52SPEAKER_00: Waiting is a bet.
- 7:53SPEAKER_00: Sometimes it pays, often it doesn't.
- 7:56SPEAKER_00: My calculator shows the exact price your house needs to hit before waiting even makes sense.
- 8:02SPEAKER_00: Run the number before you talk yourself into just waiting it out.
- 8:06SPEAKER_00: Sellers only age it.
- 8:07SPEAKER_00: I don't guess, I show you the math.
- 8:15SPEAKER_00: Every seller hits the fork in the road, fix the thing or give the buyer a credit and walk.
- 8:21SPEAKER_00: Here's how you actually decide, not with your gut, but with the number.
- 8:25SPEAKER_00: Say the repair costs$25,000 and three months of carrying closing costs at$6,200 a month.
- 8:33SPEAKER_00: That's$43,600 all in.
- 8:36SPEAKER_00: Now compare that just to offering a$20,000 credit and selling as is.
- 8:41SPEAKER_00: The break-even point, your repair needs to add$23,600 to value to a value to be worth anything, doing.
- 8:49SPEAKER_00: Anything less, take the credit and move on.
- 8:53SPEAKER_00: And in my example, if the repair adds$40,000 in value, you come out$16,400 ahead.
- 9:00SPEAKER_00: That's real money.
- 9:01SPEAKER_00: Now if the Flipped is real, the trapped is guessing.
- 9:04SPEAKER_00: Run the numbers first, sellers only age, and I do the math before you do the work.
- 9:10SPEAKER_00: I had two offers on a property, one for$960, one for$945.
- 9:15SPEAKER_00: Everybody's first instinct is to take$960, bigger number, wins, right?
- 9:20SPEAKER_00: Well, it's not always.
- 9:22SPEAKER_00: Wrong.
- 9:22SPEAKER_00: In this case, the$960 offer had$25,000 in credits and a 45-day close.
- 9:28SPEAKER_00: The$945 offer had$25,000 in credits and closed in 21 days.
- 9:34SPEAKER_00: Run the actual numbers after credits expensive and closing costs during those extra 24 days on the market, and the lower number nets$9,960 more.
- 9:45SPEAKER_00: The sticker price lied to you.
- 9:46SPEAKER_00: The math didn't.
- 9:50SPEAKER_00: Every offer needs this test before you sign anything.
- 9:53SPEAKER_00: Price, closing costs, and days to close.
- 9:56SPEAKER_00: That's the real comparison.
- 9:57SPEAKER_00: Sellers only age it.
- 9:58SPEAKER_00: Bring me every offer, I'll show you which one actually wins.
- 10:05SPEAKER_00: Cash offers sound like an easy button.
- 10:07SPEAKER_00: No financial risk, no appraisal in the most part.
- 10:11SPEAKER_00: Comes in a couple weeks, sounds great.
- 10:13SPEAKER_00: Here's the number nobody shows you.
- 10:15SPEAKER_00: 890 cash offer closes in 14 days, and that's about$357,000 after expenses and carrying costs, closing costs.
- 10:24SPEAKER_00: 950 market closing.
- 10:26SPEAKER_00: Jesus.