AMC asking for UAD 3.6 fees, what's everyone thinking?

[alebrewer]

No corner at all. Once one has measured thousands of ceilings, it becomes pretty easy to look at the door frame and other features to get the ceiling height right ~95% of the time. And, high ceilings are often noted in MLS comments, though that has lessened somewhat with the increase in the number of photos in most listings. What you seem to be trying to paint as some huge tasks was actually pretty simple.

(1) the ability to capture that information - at the time you're asserting that you captured it - was just not possible. Around here, they didn't start adding multiple photos until around 2011-2012. I assume it was similar in Tennessee (at least I don't remember reading about vastly superior digital image technology in TN relative to TX). (2) even after they started providing multiple pics, the amount of time it would have taken to accurately assess ceiling height in the comps at that time would have been cumbersome indeed - if not outright impossible. (3) the amount of time you'd have had to spend isolating ceiling height as an element of comparison would have been cumbersome as well, not to mention the fact that it would have been extremely subjective.

Now - if you'd have just started with, "Ceiling height was used as one of several proxies to determine quality, and the adjustments applied were related to overall quality", your premise would have been much more easily digestible. Just struggling with the narrative that you were assessing ceiling height in the comparables you used back in the early 2000's. The math doesn't math...

 

[Surf Cat]

No corner at all. Once one has measured thousands of ceilings, it becomes pretty easy to look at the door frame and other features to get the ceiling height right ~95% of the time. And, high ceilings are often noted in MLS comments, though that has lessened somewhat with the increase in the number of photos in most listings. What you seem to be trying to paint as some huge tasks was actually pretty simple.

What was the market's average $ reaction based on photos from the MLS in relation to the subject's ceiling height? That is, all things being equal with the exception of the ceiling height.

 

[djd09]

Scab, huh? That reads like you think any appraiser who participates at TAF is betraying the SFR appraisers via collaborating with the enemy.

what did you used call them donkeys...form fillers...cant remember

 

[George Hatch]

You never did mention what type of people you would prefer to see gets appointed to these slots reserves for appraisers on these boards. Because familiarity with the content is one of the primary strengths of the appraisers who get selected. Appointing an incompetent would have been counterproductive.

 

[J Grant]

Rabbit hole trail arguments aside...

We working appraisers are the ones who know how badly our fees, both in direct order and far more painfully when an AMC is involved, are far behind what is needed for a sustainable income, and measurably behind inflation and the cost of living index. That is more pronounced now with volume reduction due to Waivers and PDC collections.

Since we are still needed for X portion of the work; there is no need to justify it. Raise a fee to the extent where you can still get orders with it. That might vary according to client, and proportionate to what your fee is now with a client. There is no one-size-fits-all answer. Our business costs in portals, software, insurance, MLS dues, and supplies have risen tremendously. With UAD 3.6, it will be tough to complete them in a timely manner unless we add on extra cost data programs or AI software. My business expenses have risen approximately 30% over the last two years.

 

[DWiley]

(1) the ability to capture that information - at the time you're asserting that you captured it - was just not possible. Around here, they didn't start adding multiple photos until around 2011-2012. I assume it was similar in Tennessee (at least I don't remember reading about vastly superior digital image technology in TN relative to TX). (2) even after they started providing multiple pics, the amount of time it would have taken to accurately assess ceiling height in the comps at that time would have been cumbersome indeed - if not outright impossible. (3) the amount of time you'd have had to spend isolating ceiling height as an element of comparison would have been cumbersome as well, not to mention the fact that it would have been extremely subjective.

Now - if you'd have just started with, "Ceiling height was used as one of several proxies to determine quality, and the adjustments applied were related to overall quality", your premise would have been much more easily digestible. Just struggling with the narrative that you were assessing ceiling height in the comparables you used back in the early 2000's. The math doesn't math...

Might not have been possible in your area but was no big deal for me in my area. As they say in the motorcycle forum, YMMV.

 

[Dublin ohio]

adding a photo, exhibits each one in 3.6

You need to read the specs a little closer. For the most part they sale the appraiser "may" include a photo. Seems to me the photo exhibit is for situations such as condition issues or for features like a bankers wall or other features of note. Something I already do, especially for condition issues

 

[Non Sequitur]

Who says AMCs don’t control the market? Posted today in a FB group:

 

[Amy Perkins]

Let's be honest here, its not really 4 I often take a 3.6 report and compare it to a 2.6 report done by the same appraiser. I typically find the 3.6 report is a page or two shorter.

You're selling out or have an AMC

 

[ZZGAMAZZ]

Haha. Ok. Until recently, I wasn't aware of any method for accurately denoting ceiling height in crappy MLS photos, but if you say so. Remember, digital photography has only been around since the early 2000's. Careful - you'll back yourself into a corner.

... remembering to document the angle of that corner. LOL