Most real estate
agents know ChatGPT is great for content creation. It's become a go-to tech
tool, from crafting social media posts to drafting emails.
But
here’s the kicker: most agents don’t know that ChatGPT is the Swiss Army Knife
in their tech toolbox. Sure, it can help you write a blog post or instantly add
just the right icons to your social post, but it’s also the ultimate explainer,
definer, and decoder.
So,
if you’re only using ChatGPT to write, you’re barely scratching the surface.
ChatGPT
as the great explainer
One of the most
powerful things you can use ChatGPT for is to break complex ideas down so
they’re easy to understand. If you’re new to real estate and have no idea how a
1031 Tax Exchange works, ChatGPT to the rescue. Think of it as Cliff Notes for
real estate.
Sample prompts: Explain it like
I’m a sixth grader:
- Basic Prompt: "Explain the concept of home equity like I’m
a sixth grader."
- Follow-up Prompt: "Now give me a simple
analogy to understand this better."
- Refinement Prompt: "Is there another analogy
that a home buyer would relate to better?"
ChatGPT
as the great definer
Toss your
dictionary. Delete your Webster's or Dictionary.com bookmark. Stop Googling for
a definition. Use ChatGPT instead.
ChatGPT does much
more than give you a definition. It can give you clear, relevant examples of
the word in action, making it easier to understand and useful. The context
ChatGPT can provide exact context you need, making the alternatives highly
outdated.
Sample prompts: Defining terms
with context:
- Basic Prompt: "Define ‘contingency’ in real estate."
- Follow-up Prompt: "Give me three examples of
how this term might be used during a transaction."
- Refinement Prompt: "What's a good analogy to
help a first-time real estate investor better understand this?"
ChatGPT
as the great decoder
The real estate business
is chocked full of acronyms. From RESO to MBA to FSBO, we are the land of
alphabet soup!
Think of ChatGPT as
a personal decoder ring that gives you the answer faster than any search
engine. Stop guessing, and don't be embarrassed that you don't know; ask, and ChatGPT
will deliver the answer.
Sample prompts: Decoding real
estate acronyms:
- Basic Prompt: "What does the acronym ‘FHA’ stand for in
real estate?"
- Follow-up Prompt: "What are the key benefits
of an FHA loan?"
- Refinement Prompt: "Explain how an FHA loan
differs from a conventional mortgage."
The
bottom line
If you’re only using
ChatGPT for content, you are missing out. When you peel back the layers of the
numerous ways you can use ChatGPT every day, you’ll discover your Swiss Army
Knife is much more versatile than just using its single blade.
As your expert explainer, definer, and decoder:
put it to work. Stop going elsewhere for the answers when they are all in one
place. (-Kevin)
