Adjustment Support Request

[HVNY]

If you use the right comps the adjustments are pretty obvious, particularly if you are up on your markets and know the nuances.

 

[Flakey]

I dont know if the same problem will affect SFREP

I would guess no. I've had SFREP for 35 years and had very few problems. None were like you describe. When I had to use ACI doing work for another firm, I did have a lot of issues. Tells you something when their own support can't figure things out. I would do the free trial and see how it works with your computer. It will run without uninstalling ACI.

 

[Terrel L. Shields]

particularly if you are up on your markets and know the nuances.

That assumes a data dense marketplace. Rural and small-town appraisers do not have that luxury. Also, rural property in particular is highly variablel. Some are large parcels, some small, some are on wells, some on rural water. Some on dirt roads others on paved roads, some have outbuildings of variable size and utility.

 

[ZZGAMAZZ]

That assumes a data dense marketplace. Rural and small-town appraisers do not have that luxury. Also, rural property in particular is highly variablel. Some are large parcels, some small, some are on wells, some on rural water. Some on dirt roads others on paved roads, some have outbuildings of variable size and utility.

Almost certainly the dumbest q of all.timr, but I'm wondering if any predictive scenario, or model, exists that prioritizes rhe accuracy of results based on relatively small populations-- rather than data-dense data that logically yield more significant results.

 

[Terrel L. Shields]

if any predictive scenario, or model, exists that prioritizes rhe accuracy of results

Clearly the rural appraiser has to apply more judgment than the urban appraiser. Look at Zillow. In cookiecutterville they are reasonably accurate. Meanwhile they might value $3 million dollar poultry farms as homes and value them for $500,000 or less. They cannot account for the land value accurately. They basically value outbuildings at zero. On and On.

 

[Tom D]

You rural guys got it pretty tuff. Just like me. Oh wait, i only have to go 2.5 city blocks for sales. I guess compared to rural shock appraisers, I might be a creampuff appraiser. But lucky me.

 

[Terrel L. Shields]

I might be a creampuff appraiser. But lucky me.

We feel so sorry for you... never getting out of town, not stopping at that little Flea Market nearby, or visiting your favorite gun store that's on the way. Trapped like a fly in a Klein bottle.

 

[soucat]

I have a lender asking me to provide the specific market data utilized to support the applied adjustments while avoiding the use of non-specific commentary. For instance, if paired sales were used, please list the specific paired sales used to derive the adjustment. if a different method was used the thought process needs to be specifically explained. A "show your work" approach fo adjustment support has been more heavily enforced by Fannie Mae and Freddie Mac. As such, most lenders no longer accept boiler plate commentary that could be applied to any appraisal report.
I am looking for suggestions on how to handle this request

Oh, this is rocket. I just got the same thing, even though I already had a bunch of analytics in my report.

 

[soucat]

How are we supposed to "show support" once UAD 3.6 hits and we cannot attach PDFs of our charts and graphs?

Right, I was wondering the same thing

 

[Surf Cat]

Can you describe which of the 3 options is necessary in ur opinion

1. Make
2. It
3. Work