Print Icon
 


Real AI

March 17, 2025

Feel free to share this content, as it is only available via this free newsletter, delivered by email every Monday.

https://stratus.campaign-image.com/images/886497000035952004_zc_v1_1740775331531_ai_and_robotic_built_homes.png

By Kevin Hawkins with Korey Hawkins | Vol. 3 Issue 11

REAL AI is a human-created weekly roundup of all things related to artificial intelligence in real estate and emerging AI innovations in other sectors likely to impact our industry.


**Correction**

In Vol. 3 Issue 10, one of the AI facts said that "AI solutions account for 65% of the AI real estate market." What that should have said was, "The Al solutions segment accounted for 64.5% of how Al is used in real estate in 2024."


AI helps first-time buyers


Legendary real estate journalist Lew Sichelman asked this riddle in a headline for his story for National Mortgage Professional: When is a ‘cash’ buyer a borrower?


The subhead gives the clue: “New AI-powered platform turns cash buyers into mortgage clients — without upfront cash.


Lew was writing about zavvie’s new HomeFAI platform, which uses AI tech to help first-time buyers win deals as all-cash buyers. 


First-time buyers are being crushed by cash offers (at or near the highest levels). 


Now, zavvie can help loan officers turn a first-time buyer into an all-cash buyer in as quickly as 1 hour (possible by AI) and help an agent win the deal.

 

The incentive for mortgage lenders is huge: the loan officer gets the permanent mortgage in over 90% of zavvie cash-offer deals. Talk about stickiness!


Al is assisting in this cutting-edge alternative financing deal by speeding approval at the inflection point: when a buyer needs to make an offer, time is essential. Buyer agents working with a loan officer with access to the HomeFAI system can make sure the buyer gets the approval they need for the agent to make the offer – free of any financing contingency and just as reliable as any other cash offer. 


Once a seller accepts, zavvie buys the house. The buyer has 90 days to get permanent financing and buy the house from zavvie. AI helps deliver faster offers, and the HomeFAI platform powers stronger offers and brings more certainty to the process.


zavvie’s Cash Advantage program is not solely for first-time buyers but also for qualified buyers who do not have cash on hand to make an all-cash offer. 


Now, that's a practical use of AI that benefits agents (wins more deals) and loan officers (closes more loans). (-Kevin)

   
   

Love this content...

Hire Kevin Hawkins (the REAL AI GUY) for your next event!


Customizable AI topics like - 20 Incredible Time-Saving Things You Can Do With ChatGPT and AI Primer for MLS Execs


Previous high-profile engagements include Florida REALTORS(R) Annual Convention, the National Association of Real Estate Editors, The Realty Alliance and NAR iOi.

   
   
https://stratus.campaign-image.com/images/886497000035952004_zc_v1_1740775369291_more_at_ibs.png

Don't make this ChatGPT mistake


If you are using ChatGPT or Claude or other major AI Chatbot on a regular basis, you know that it’s a quality-in-quality-out proposition. You also know the key to successful results is specificity. The more specific you are in your prompt – or instructions – you give ChatGPT, the more accurate and compelling the output will be.


When I work with executives to understand how to use a chatbot correctly, I emphasize there are no shortcuts unless you want your results to short-change you. The more time you spend perfecting your prompt, the more perfect your replies from ChatGPT are going to be.


What happens if you leave out a crucial instruction? Sometimes, if you miss adding a single word, the result can be disastrous. 


Here's a real-world example. One of the superpowers of the leading chatbots is they excel at summaries. We record conference sessions in Otter, a mighty AI voice-to-text transcription software. We then download the transcription and upload it into ChatGPT or Claude.


For our "AI Quote of the Week," we often ask for top "AI quotes." We instantly get back a selection of quotes, saving us minutes to hours if we had to scour the transcripts to find the best quotes.

Here's the danger: When you ask a chatbot to extract the quotes, you must be very specific and ask for the quotes verbatim. 


Why? Your chatbot is likely to "clean up the quote" with grammatical changes or even change the quote to "sound better." After all, the chatbot is trying to please you.


So, if you ask for a quote from a transcript but forget to tell the chatbot to make sure the quote provided is word-for-word what the person said, you can get back a very different quote.


This mistake is easy to make and the kind you find out about only after you publish the quote. So, remember to add the word “verbatim” anytime you ask for a quote from a transcript. (-Kevin)


   
https://stratus.campaign-image.com/images/886497000035952004_zc_v1_1740775428493_ai_facts_and_stats_1024x435.jpg

AI Facts and Stats 


1. 1-in-3 (32%) prospective homebuyers are using AI tools as part of their homebuying process

2. 38% of homebuyers use AI to virtually tour homes

3. 31% of homebuyers utilize AI as a mortgage calculator

4. 22% of homebuyers rely on AI to compare lender reviews

5. 58% of homebuyers use ChatGPT to help them research homes

 

Source: Veterans United Home Loans - AI Survey (-Korey)




   
   
https://stratus.campaign-image.com/images/886497000035952004_zc_v1_1740775473899_take_5_ai_headlines.jpg

AI Headlines


Are Women Leaders Setting the Bar for AI in Real Estate? | 3/11/25 RISMedia

Delta Media’s AI Survey of Real Estate Leaders highlights that female real estate leaders take a more pragmatic approach to AI adoption.

 

AI as a co-pilot, not the pilot | 3/13/25 Real Estate Magazine Canada

Real estate professionals must view AI not as a director, but a partner.

 

Deeper than ChatGPT: How agents can leverage AI better in 2025 | 3/12/25 Inman

Real estate leaders discuss the importance of AI and ways they are using it. 

 

HomeVision, Restb.ai partner on AI in collateral underwriting | 3/10/25 HousingWire

Efforts will improve appraisal accuracy and streamline valuation workflows.

 

Inside Real Estate acquires AI marketing startup ListAssist | 3/13/25 Inman

ListAssist hopes to use its AI tech to build on Inside Real Estate’s consumer search.

   

AI Quote of the Week

https://stratus.campaign-image.com/images/886497000035952004_zc_v1_1740775235108_ai_quote_of_the_week___vikas_enti.png
   

Make sure you subscribe to our free Real AI newsletter here, as all content is only available in our REAL AI newsletter and is no longer available on WAV Group’s website or RE Technology.


Content suggestions welcomed: email korey@wavgroup.com.

https://stratus.campaign-image.com/images/886497000035952004_zc_v1_1693924094500_wav_group_logo.png
   
   

Kevin Hawkins

Editor | REAL AI

realai.blog

Kevin@wavgroup.com


Check out more AI for real estate content on our website and look for a new article sent to you every Monday.

 
 
Not interested? Unsubscribe
WAV Group | 1968 S. Coast Hwy, POBox 146, Laguna Beach, CA 92651
footer logo
Our Privacy Policy  and Terms of Use.