UK Estate Agents Warn AI Undervalues Homes, Risking Seller Losses - The Mirror

Estate agents express concern over AI undervaluing houses in these areas

As AI tools become a staple in property valuations, estate agents warn of potential under evaluations.

UK estate agents warn AI undervalues homes, risking seller losses - The Mirror

A new survey of 250 estate agents has found that 90% of them believe AI software is routinely undervaluing properties - with sellers potentially losing tens of thousands

Agents are anti-AI when it comes to property valuations – agent poll

Nine in 10 estate agents distrust automated property valuations, claiming software undervalues properties by tens of thousands of pounds.

Nine in 10 estate agents reckon AI software is routinely undervaluing properties

Nine in 10 estate agents reckon AI software – known as automated valuation models (AVMs) – are routinely undervaluing properties. A poll of 250 estate agents revealed UK homeowners could potentially be losing out when selling their property – as 87 per cent feel AI-powered valuation tools fail to reflect their true value, including in Northern, lower-income, and rural areas. But 78 per cent rely heavily on AI or automated valuation models (AVMs)…

AI valuation tools routinely ‘undervaluing' properties, warn estate agents - Property Industry Eye

AI valuation tools routinely ‘undervaluing' properties, warn estate agents - Breaking news for estate agents and the residential property industry. Independent, unbiased, and factual reporting. A forum for discussion and debate of topics of the day. Subscribe for our free daily newsletter.