Jumping on the AI bandwagon

Brought to you by

– Lara Dolan, The Craft Dolan Team at Ansley Real Estate

Anyone who has a blog, uses social media for business, or writes a regular newspaper article struggles with the ever-elusive search for meaningful content. What topic will readers find interesting, informative, and worthy of consuming for five minutes with their morning coffee?

For this article I decided to have a bit of fun with ChatGPT’s artificial intelligence and put the inquiry

‘Interesting Facts About Real Estate’ to the test. I figured it would generate some good and educational topics about the market, but the answers were vastly divergent from what I anticipated. My family has a running joke when we travel, accusing me of always having ‘fun facts’ about what we are visiting… so settle in, and let’s look at some real estate ‘fun facts’ and tie them into actual valuable tidbits:

- The oldest property deed ever recorded dates to 2300 BC in Mesopotamia and was a clay tablet documenting the transfer of property. Thanks, ChatGPT! While that may have worked 4000+ years ago, today you need a real estate attorney to check title, and officially record your deed with the county. Note: after you purchase property, please ignore all those solicitations in the mail to pay for your deed. For most closings, you will be provided an electronic or physical copy of the recorded deed shortly after the sale, as part of the closing process.

- The world’s smallest house is just 258 square feet and is in Warsaw, Poland. I’m not sure that data point is still accurate with the advent of the tiny-homes market, but there is a point to make here about downsizing. The number-one challenge we encounter when readying a house for market is that people simply have too much stuff. Purging is the first big step toward getting ready to sell. 100% of our clients say it feels great when they finally start to get rid of items and most let go of way more than expected. Open a closet and start today (after you finish reading the paper).

- There is a Haunted House Real

Estate market, and these stigmatized properties often sell for less money and take longer to close. Realtor.com listed several in a 2021 article – most of them well over $1 million. If it’s a friendly ghost, would you purchase a ‘haunted’ house? This does open the topic of disclosures. When selling your home, it’s important to complete the disclosure documents honestly and thoroughly. While hauntings are not a question on the Seller’s Disclosure in Georgia (although hauntings disclosures are required in New York), and there’s probably nothing ghoulish to worry about, water intrusion definitely is something to disclose and be sure to properly address.

- In 2013, thieves disassembled an entire 1300-square foot house in Oregon overnight, stealing it right off its foundation. We talk a lot about fraud in real estate, but this one takes the cake! In all seriousness, diligence protecting your largest asset is important. There are some new protections local governments have made available to protect property owners, which we would be happy to share with you, especially if you have vacant property, land, or property that you own debt-free.

- Real estate makes up approximately 70% of the world’s total wealth. There were 450 homes newly listed for sale in Alpharetta, Milton, and Roswell in June 2023; supply is gently on the rise and that is opportunity for wealth-building. Call if you want to check some out this week!

I don’t know what AI has in store for our business, our culture, or our communities. For today, it was a useful source of ‘fun facts.’ When you want to understand the nuances of real estate, call a human professional for RI (Real Intelligence). We’ll be glad to help.

Tara Tucker