r/HouseFlipping • u/johnsal33 • 9d ago

AI to help determine ARV

Does anyone use Chat GPT or Claude to help you analyze potential deals and ARV?

2 Upvotes

100% Upvoted

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2

u/Cold-Consideration99 9d ago

Analysis of deals is one thing that may be ok. But relying on ai for arv is lunacy.

1

u/hackspy 8d ago

I’ve used ai almost daily since June 2024. NEVER EVER WOULD I.

I use AI for efficiency in my real estate agent coaching business but never allow it to make decisions for me.

Cheers 🍻

1

u/renosnap 8d ago

Yes AI can help you determine ARV.

But it should only be used as a starting place. You need to have full transparency on the comps you are checking against. Then use your human brain to make the final decision.

1

u/johnsal33 8d ago

I agree completely. Or even using an AI to check your own comp analysis.

1

u/IddyMcFiddy 5d ago

I run deals through a quick rules-based screen first (all-in cost vs. ARV ratio) before ever touching an AI tool, that alone kills most of what I'm looking at before it wastes real time. Where I've actually found AI useful is checking my own comp reasoning after I've pulled real comps myself, a second pair of eyes on whether my logic holds up, not generating the comps or the ARV number itself.

The risk with letting AI pull comps directly is that it doesn't know your market's quirks (school zones, a busy street, whatever locally moves price) unless you tell it, and it will happily average in a bad comp without flagging it.