Adjustment Software

[alebrewer]

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

Just so I'm following - you've directed me to two different market analysis softwares (Genie and Synapse) that you're stating does what F/F wants to see in the appraiser's analysis, yet you've never used either of them. That sound about right?

 

[Tim Hicks (Texas)]

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.

If you actually bracket features, you are using matched pairs in your report.

 

[NC Appraising]

Just so I'm following - you've directed me to two different market analysis softwares (Genie and Synapse) that you're stating does what F/F wants to see in the appraiser's analysis, yet you've never used either of them. That sound about right?

Maybe I mis-interrupted your post.

You made it sound as if the AMCs controlled/owned these software programs and only their staff had access to them (indie reference). So I was just pointing out that there have been other options for a long time. But I do agree that it appears that these national appraisal firms are dominating the software market.

As I stated in two of my posts, I use synapse and I like it. I was referring to your post on linear graphs/data. I realize they use linear for their data. I was unaware that you could make graphs, etc. I use synapse to support my adjustments, but NOT for my market condition adjustments. In my market, it is not linear by any means.

 

[NC Appraising]

If you actually bracket features, you are using matched pairs in your report.

This can get appraisers in trouble....only using one data point to make an adjustment. Bracketing sounds good, and is supportive, but can also led to misleading and inaccurate adjustments.

I find that appraisers will throw in a non comparable sale just to bracket a feature and make a cloud adjustment, when making an across-the-board adjustment is far more accurate when proper research and analysis was performed.

 

[Surf Cat]

A revision request, from a reviewer whom is not an appraiser, telling an appraiser because they don't understand how they explained it, to use adjustment analysis software (that costs money) because "everybody else does".

The irony is so thick here. Appraiser's feet being held to the fire for more adjustment analysis explanations, more comparables, higher values.

Yet, the next day is waiver Wednesday.

This is not a knock on adjustment calculation software, I've used synapse and I like it.

This profession (is it a profession?) is in a very odd state right now....

 

[Non Sequitur]

Pay attention ladies and gents, Fannie just released an in depth Industry's Guide to the New URAR (link below). So here's the pay attention part, Aloft is one of the adjustment software solutions out there, and you will notice in some of the Fannie slides "Training Materials Provided In Collaboration With Aloft" noted on the bottom right. Like it or not, this stuff is being integrated into the workflow and the days of pounding out your own excel file are all but gone.

The Industry's Guide to the New URAR

 

[Non Sequitur]

 

[Essexfenwick]

If you actually bracket features, you are using matched pairs in your report.

Ding ding ding!!

The software is total bs. You need at least 10 pure matched pairs in the subject same priced market to establish the minimum statistical reliability. Aka… it doesn’t exist.

By bracketing features and sales prices you have essentially matched pairs it’s absolutely proper to utilize common sense regarding adjustments at that point.

 

[alebrewer]

Bracketing sounds good, and is supportive, but can also led to misleading and inaccurate adjustments.

how so?

 

[Bobby Bucks]

I wonder if a "Trouse" will become a monkey wrench in their system.