Adjustment Software

[TerryRohrer]

Also, I wished someone could come up with a software where the appraiser can upload a bunch of data from the MLS to find sales and resales of the same home....

Excel. I export an abbreviated dataset (MLS#,Address, Sale Date, sale price, concessions). Import into Excel; sort by Sale Date (newest first); highlight those from the past 12 months; sort by Address and Sale Date. Scroll down looking for highlighted rows, then check to see if there is a pair. Gets fairly quick with practice.

 

[NC Appraising]

Does anyone else find this embarrassing? Appraisers on this forum and others asking why and how to explain their adjustments? Sad.

It's basically admitting that you make up your adjustments....the powers to be are not falling for the....it's in my workfile....
I used matched pairs....bs

FWIW....Fannie freddie FHA....stop artificially propping up the market....rate buy downs.

 

[Mejappz]

Does anyone else find this embarrassing? Appraisers on this forum and others asking why and how to explain their adjustments? Sad.

It's basically admitting that you make up your adjustments....the powers to be are not falling for the....it's in my workfile....
I used matched pairs....bs

FWIW....Fannie freddie FHA....stop artificially propping up the market....rate buy downs.

It seems they are falling for it because the GSEs continue to accept most appraisal reports from Class, Clear Capital, and Solidfi. Additionally, most of these appraisals include a statement indicating that adjustments were derived from matched pairs.

 

[alebrewer]

Does anyone else find this embarrassing? Appraisers on this forum and others asking why and how to explain their adjustments? Sad.

I thought that is what the forum was for? You don't sound arrogant at all BTW.

 

[NC Appraising]

As have many others. Haven't used Appraiser Genie, but are you saying their market analysis is NOT linear?

Not sure. I tried it out 10 years ago. Super nice guy. When it spit out GLA adjustments of over 100 per sqft for homes at 250k...and then said that appraisers are not adjusting high enough, I decided to not use it.


That's why I like synapse model feature. I also mainly use synapse to support my market based adjustments and to avoid uw AMC rejections.

 

[alebrewer]

Not sure. I tried it out 10 years ago. Super nice guy. When it spit out GLA adjustments of over 100 per sqft for homes at 250k...and then said that appraisers are not adjusting high enough, I decided to not use it.


That's why I like synapse model feature. I also mainly use synapse to support my market based adjustments and to avoid uw AMC rejections.

Last I checked, Synapse's market analysis was linear. Is that not the case any more?

 

[Mejappz]

Many of these models depend on group-paired methods, linear regression, and similar techniques, which can be effective in simple or predictable markets. However, they often struggle when faced with more complex or moderately challenging market conditions. It is also important to consider factors such as condition and quality, which most of these models do not incorporate effectively.

 

[TerryRohrer]

I just do not understand what appraisers dropping that crap in a report hope to gain. There are at least 10 different methods reported in the first adjustment in the OP exhibit. Imagine sitting before your State board being asked to walk through each of those methods and explain what data they relied on, how each works, and how you selected one of the dozens of indications that were suggested...and then do that for each adjustment. The requirement is to support your adjustment, a bar I find rather low. There is nothing that suggests your adjustment even has to be "correct", just supported. The proposed methodology takes the downside of not understanding what you are doing or why you are doing it and compounds it tenfold. You still don't have a clue, but you have support for it in spades!

 

[alebrewer]

IMO - if you can't at the very least run a single variate regression in Excel - and understand the meaning of the terms of the regression (p values, T scores, R, R2, positive and negative correlation, residuals) - you probably shouldn't be using the 'automated' analysis software(s).

 

[NC Appraising]

Last I checked, Synapse's market analysis was linear. Is that not the case any more?

Don't know they had one. Never used that feature.