New GSE Guidelines

[OSU Beavers]

TrueTracts helps with market analysis and Spark helps with market analysis but that's where the similarities end. TrueTracts cannot load data about your comps or subject into your appraisal report BUT it does a really good job of market analysis and helping you to objectively define your neighborhood boundaries in a data-driven way based on the behaviors of market participants. In doing so it often allows you to pull in more properties that are competitive to your subject than what many appraisals would normally use and as a result your market analysis trends can be more reliable as they're based off of more data but properties that are still similar in features and price range. Both Spark and TrueTracts provide a way to get time adjustments that are not linear (Spark's ability to do that is being released next week) so you may have comps that sold further back that need an upward adjustment for example while very recent comps might not need an adjustment for market conditions or it might be downward.

You can check it out here if it sounds interesting: https://truefootage.tech/tools/truetracts

I thought that Spark was just another MLS import tool with a cost approach add on, and that Sinyapse was your analysis tool?

I tried TruTracks and found it to be a very poor fit for my rural market. To get enough sales I had to expand all the way out to the state line and with all of that unvetted Realtor data the conclusions were garbage in = garbage out.

 

[Mejappz]

I thought that Spark was just another MLS import tool with a cost approach add on, and that Sinyapse was your analysis tool?

I tried TruTracks and found it to be a very poor fit for my rural market. To get enough sales I had to expand all the way out to the state line and with all of that unvetted Realtor data the conclusions were garbage in = garbage out.

I just watched the video, and they mentioned that 400+ sales in the past five years in a rural market are considered insignificant.

 

[Terrel L. Shields]

Flex MS has statistics tools

You can also download the stats to a .csv file which Excel or other spreadsheets can read. CSV - comma separated values.
I just delete all the columns with numbers, names, etc. keep the date, value, SF, etc.

 

[J Grant]

You can also download the stats to a .csv file which Excel or other spreadsheets can read. CSV - comma separated values.
I just delete all the columns with numbers, names, etc. keep the date, value, SF, etc.

Thanks for the feedback.

What I like about MLS ( or my MLS, which is called FlexMLS and which I believe is also the version in many areas ) what I like is that for me, for my purposes I can import their chart or graph right from MLS into the report, need to download it to Excel or other spreadsheets. I am just looking for a trend line from X to Y date, and it shows white a year when that trend line changes, for example, I ran a sample in a town, and it had prices rising the first six months, and then they were basically flat - showed it in median and average price. I print it from MLS to a PDF file and then insert it into the report. It lists the properties used and that list gets put in the report as well.

 

[Tom D]

J Grant found the secrete sauce, for showing some proof of how you got your time line, and for free.

Spark as said earlier populates the grid with all the comp & public records data. That is the big plus of spark. Within a couple of minutes the market grid is filled out. Perfectly, no, but good enough to save me a lot of time looking back and forth on the MLS sheets and finding certain info data. Now that it's slow i can see some of you elderly not wanting to spend that extra 5 cents.
But i can't take typing in the minutia over and over into every report. I have a low tolerance level for redundancy typing.

And spark, you have come in at the wrong time for a price increase when the appraisal business is dead, until rates drop. However, i was with you at the beginning and i am to addicted to the time saved on each appraisal using spark, even with only 1 a week now. You turned me from an angry typing 5 comps, into a happy less tying appraiser.

 

[robertwells]

TrueTracts helps with market analysis and Spark helps with market analysis but that's where the similarities end. TrueTracts cannot load data about your comps or subject into your appraisal report BUT it does a really good job of market analysis and helping you to objectively define your neighborhood boundaries in a data-driven way based on the behaviors of market participants. In doing so it often allows you to pull in more properties that are competitive to your subject than what many appraisals would normally use and as a result your market analysis trends can be more reliable as they're based off of more data but properties that are still similar in features and price range. Both Spark and TrueTracts provide a way to get time adjustments that are not linear (Spark's ability to do that is being released next week) so you may have comps that sold further back that need an upward adjustment for example while very recent comps might not need an adjustment for market conditions or it might be downward.

You can check it out here if it sounds interesting: https://truefootage.tech/tools/truetracts

Thanks!

 

[Dublin ohio]

Thanks for the feedback.

What I like about MLS ( or my MLS, which is called FlexMLS and which I believe is also the version in many areas ) what I like is that for me, for my purposes I can import their chart or graph right from MLS into the report, need to download it to Excel or other spreadsheets. I am just looking for a trend line from X to Y date, and it shows white a year when that trend line changes, for example, I ran a sample in a town, and it had prices rising the first six months, and then they were basically flat - showed it in median and average price. I print it from MLS to a PDF file and then insert it into the report. It lists the properties used and that list gets put in the report as well.

I have Flex MLS. Have you tried using the map area feature. Where you can outline your actual neighborhood on the map and it only takes sales/listings from that area.