• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Paragon

Status
Not open for further replies.

imjiminnh

Junior Member
Joined
Oct 4, 2003
Professional Status
Certified Residential Appraiser
State
New Hampshire
How is everybody liking this new MLS system? I especially like how finished basement areas are now included in GLA, and how the speed of the site is reminiscent of my dial up AOL connection from 1995. Still no mandated concessions field huh? It's almost as if the new system is slanted to represent a higher than actual sales price and misrepresent the physical characteristics of the property, course we know that no sales agent would ever do such a thing lol!
 
Unless your MLS board has required the fields to be filled in, the data if not much better than before. The local MLS based on paragon (IRMLS) now has many required fields, but agents still often do not properly populate the fields (or check them for accuracy). Ours drops you out if you have not been active for 1.5 hours. That seems a long time, but it is surprising how often I get distracted on something else and have to log back in. It is nice that I can save a search with parameters for a subject if I remember to at the beginning, so I can go back without reentering the parameters. I have report/spreadsheet templates set up for the common search data I use.
 
I especially like how finished basement areas are now included in GLA,
Finished basement is not GLA according to most metrics. And, certainly in my market though far away from yours, basements costs are different and its contribution is different, especially if there is any hint of musty odor. I would separate them even if they contributed the same per unit sq. ft.
 
Finished basement is not GLA according to most metrics. And, certainly in my market though far away from yours, basements costs are different and its contribution is different, especially if there is any hint of musty odor. I would separate them even if they contributed the same per unit sq. ft.

Get sarcasm much?:cool:
 
How is everybody liking this new MLS system? I especially like how finished basement areas are now included in GLA, and how the speed of the site is reminiscent of my dial up AOL connection from 1995. Still no mandated concessions field huh? It's almost as if the new system is slanted to represent a higher than actual sales price and misrepresent the physical characteristics of the property, course we know that no sales agent would ever do such a thing lol!
I believe your local MLS board is the one who sets up how the listing reads. I'm in an area where there are 3 separate MLS systems for each county. One system has separate lines for gross sale price, sellers concessions and net to seller. I have tried in vain to get the other boards to do the same but am ignored. I have long believed that continued ed for realtors should include a mandatory appraisal course taught by an actual working appraiser in their market. Most agents don't know even the basics about measuring a home and what qualifies as GLA. In my area the tax records show the GLA of homes and is pretty accurate, however many brokers just make up the GLA. I had a comp that had a GLA of over 3500 sf on the listing. Looked at the tax records, drove by the home myself and checked google earth for any extensions I might not see. This house was under 1500 sf. I wish I could say this is unusual but it happens with at least one comp per appraisal. My complaints to the MLS board fall on deaf ears. I have to pay full membership to have access to the MLS but my imput is meaningless.
 
It's your MLS board, not Paragon.

Get on your MLS Committee. Get on the Board of Directors. This is the ONLY way you can change the rules.

I personally implemented the 'Acreage' field as mandatory on my BofD stint. People would list LOTS without site size listed. How the hello does that work? It's fun working with geniuses, you know, surround yourself with people smarter than you, makes you a better professional.....
 
Get sarcasm much?:cool:
I'm old and catch on slow...at least that's what granny told me...
turtle-teeth.gif
 
One of our local Board Of Realtors uses Paragon and I hate it. It is slow and takes a long time for the pdfs to print.
 
On the paragon version, we have it must be tweaked by the user to give the data in a format better for the appraiser. I save most reports to an appraisal file. Most of the time you can look at them on screen while they are being printed. Two monitors is a big help. 13 Boards merged their MLS data into one MLS, but retained individual board offices. Errors in data can be sent back to the board for correction or explanation. I have been on the board and on the MLS committee in the past. Change is slow but possible. There are many fields RE agents use that I do not use in the primary search for comps.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top