Year built settled date UAD APPENDIX D

[NC Appraising]

Can someone provide a link or a documentation source for the below:

Effective date of appraisal is 01/12/2026.

Comp sold 05/2025. Actual year built 2000.

So, for the actual age in the URAR for the comp, is it 26 or 25?

Alamode automatically uses 26.

**PLEASE PROVIDE A LINK OR A DOCUMENT FROM THE GSES THAT STATES HOW IT IS TO BE CALCULATED**

 

[TerryRohrer]

Can someone provide a link or a documentation source for the below:

Effective date of appraisal is 01/12/2026.

Comp sold 05/2025. Actual year built 2000.

So, for the actual age in the URAR for the comp, is it 26 or 25?

Alamode automatically uses 26.

**PLEASE PROVIDE A LINK OR A DOCUMENT FROM THE GSES THAT STATES HOW IT IS TO BE CALCULATED**

I have never found any such specification in UAD. I use (Year of date-of-sale, although Year of date-of-contract would have a valid argument) - (Year Built). Alamode is a Cotality Company and their Matrix software can't figure it out either. There, they compute the age as todays date minus the year built. No basis in reality there.

Edit: Based on this from the UAD 2.6 Specifications, I doubt that UAD is into the minutia you are dealing with.

 

[BRCJR]

Can someone provide a link or a documentation source for the below:

Effective date of appraisal is 01/12/2026.

Comp sold 05/2025. Actual year built 2000.

So, for the actual age in the URAR for the comp, is it 26 or 25?

Alamode automatically uses 26.

**PLEASE PROVIDE A LINK OR A DOCUMENT FROM THE GSES THAT STATES HOW IT IS TO BE CALCULATED**

Guide section: B4-1.3-08, Comparable Sales

 

[Dublin ohio]

Guide section: B4-1.3-08, Comparable Sales

The above does not address the OP's situation. Which is should the chronological age of the comparable sale be the age of the comparable sale when it closed or the chronological age as of the effective date. IMNSHO it should be the chronological age when sale closed. Since we are using the characteristics of that sale when it sold for comparison purposes. My software uses the closing date

 

[NC Appraising]

I can understand both sides of the argument. I wonder if it comes down to the software? I've been using Alamode since the beginning and that's what I've always used. I admit, I never gave it much consideration.

I agree, doesn't make a difference....

The only other thing i could find is below

https://singlefamily.fanniemae.com/media/6921/display

Q42. What if a house was built in two different years? For example, the original part of the structure
was built in 1950, and an addition was constructed in 2002?
The year built/age of the original part of the structure should be entered.

 

[NC Appraising]

The meat and potatoes to my question...

When the report gets uploaded to the GSEs, does using the way DUB and Terry does it cause a red flag or does my way cause a red flag?


So what do the GSEs use? Effective date or how DUB and Terry says...?

 

[Dublin ohio]

I can understand both sides of the argument. I wonder if it comes down to the software? I've been using Alamode since the beginning and that's what I've always used. I admit, I never gave it much consideration.

I agree, doesn't make a difference....

The only other thing i could find is below

https://singlefamily.fanniemae.com/media/6921/display

Q42. What if a house was built in two different years? For example, the original part of the structure
was built in 1950, and an addition was constructed in 2002?
The year built/age of the original part of the structure should be entered.

I use Clickforms and it has a setting that allows you to choose format. Date closed or as of effective date. Default is date closed. You may have the option in your software

 

[Dublin ohio]

Although.....

When the report gets uploaded to the GSEs, does using the way DUB and Terry does it cause a red flag?

For example, the GSEs data base shows a year built of 20 years, actual year built 2000.

So what do the GSEs use? Effective date or how DUB and Terry says...?

Have been doing it the same way before and after UAD and have never had a pushback or a UAD warning

 

[TerryRohrer]

I can understand both sides of the argument. I wonder if it comes down to the software? I've been using Alamode since the beginning and that's what I've always used. I admit, I never gave it much consideration.

I agree, doesn't make a difference....

The only other thing i could find is below

https://singlefamily.fanniemae.com/media/6921/display

Q42. What if a house was built in two different years? For example, the original part of the structure
was built in 1950, and an addition was constructed in 2002?
The year built/age of the original part of the structure should be entered.

I believe the Q42 response is a 3.6 specification, or a very recent change to the selling guide. It makes no sense if you have an older home with a large, newer addition, but whatever. They can specify what is reported, but they can't specify how an appraiser deals with it. As far as Total, I run sales from MLS to a spreadsheet where that type of field is calculated, the imported into Total. I never knew they calculated that, or did it wrong.

 

[TerryRohrer]

Have been doing it the same way before and after UAD and have never had a pushback or a UAD warning

Same with Total.