Serious SFREP software issue.

[residentialguy]

Just curious. Are you saying you are making adjustments differently because you realize the software is calculating incorrectly?

No, it makes sense to calculate it that way. It would be incorrect to completely separate them, imo. and contrary to housing industry standards.

The UAD wants the full area of the basement. Ok...one adjustment is for the sq ft area (size) of the basement

Then the UAD wants the finished area. OK...that adjustment reflects any additional finishing that it has.

It will look screwy and confusing to have 1500 sf basement with a 1500 adjustment and another 1500 sf basement with a 20,000 adjustment. That's what you will have when you separate the finished adjustment instead of adding the amount of the finishing on top of the base.

The adjustments are how builders sell. You have base 25k for an unfinished basement. If you want it upgraded to finished, it will add 40k on top of that.

 

[AnonApprsr]

This will be addressed with an update on Monday afternoon. Before we ever change something like this, we want to make sure that we're going to change it correctly. Therefore, we wanted to check with a couple more appraisers to make sure we had a consensus on how it should be done. It takes a little more time, but it ensures that we're doing it right.

Thanks,
Matt @ SFREP

Don't change it please. Thanks.

 

[residentialguy]

Don't change it please. Thanks.

I agree. It won't make sense with the UAD format if you do.

 

[AnonApprsr]

Exactly, it would be stupid to change it. It would make it even more retarded and put those who use SFREP at a disadvantage to those who use any other software.

 

[SFREPMatt]

Exactly, it would be stupid to change it. It would make it even more retarded and put those who use SFREP at a disadvantage to those who use any other software.

Are you disagreeing with the calculation or how it would be displayed?

 

[residentialguy]

Are you disagreeing with the calculation or how it would be displayed?

Anon and I are both saying it's set up correctly now - don't' change a thing.

The UAD has 2 units of adjustment for basement on the first line. Full area and finished area. SFREP is set up correctly. It gives an adjustment for the full area (what a basement contributes to value) and an adjustment for the contributory value of the finished area that it has on a (unfinished) basement. You can't separate the two adjustments into value of unfinished and the value of finished. The UAD wants the full area of the basement and the finished area, not the unfinished area and the finished area.

Appraisers need to be taught how the UAD is set up. If they want to adjust by rooms, then just turn off the sq ft adjustment and adjust by rooms. You don't adjust by unfinished sf plus finished sf.

 

[SFREPMatt]

Anon and I are both saying it's set up correctly now - don't' change a thing.

The UAD has 2 units of adjustment for basement on the first line. Full area and finished area. SFREP is set up correctly. It gives an adjustment for the full area (what a basement contributes to value) and an adjustment for the contributory value of the finished area that it has on a (unfinished) basement. You can't separate the two adjustments into value of unfinished and the value of finished. The UAD wants the full area of the basement and the finished area, not the unfinished area and the finished area.

Appraisers need to be taught how the UAD is set up. If they want to adjust by rooms, then just turn off the sq ft adjustment and adjust by rooms. You don't adjust by unfinished sf plus finished sf.

Just had an hour long meeting on this. Our current thinking is to give the option for both...adding a new line item to the Adjustment Addendum for "Differential Basement Adjustment" that would do what the folks earlier in this thread are proposing...and allowing the current way to also be selected. It will be tougher, take more testing time and take longer to implement, but I think it will make most happy.

Matt @ SFREP

 

[residentialguy]

If they want funky looking adjustments, I guess you have to give it to them. m2:

 

[AnonApprsr]

Are you disagreeing with the calculation or how it would be displayed?

I disagree with the calculation and how it would be displayed. It's fine and works perfectly now. My ONLY complaint with your UAD "Helper" is the fact that I am forced to use it. Why not let me type in UAD accepted terms in Frontage and Dimensions? You should add an option for some fiels to be "auto transferred" check boxed (you know what I mean) that would be "UAD tranferred." If I "format" the spot to let me type it in even though it's UAD Helper dominated normally.

PLEASE. I'll love you forever and ever.

 

[AnonApprsr]

Just had an hour long meeting on this. Our current thinking is to give the option for both...adding a new line item to the Adjustment Addendum for "Differential Basement Adjustment" that would do what the folks earlier in this thread are proposing...and allowing the current way to also be selected. It will be tougher, take more testing time and take longer to implement, but I think it will make most happy.

Matt @ SFREP

That sounds like you wasting my subscription money. Take a look at the above suggestion first please. I'm taking over a company that has used you for over 25 years (you are SFREP lol) and I'm thinking of switching because an indie software company does what you do for 125 and the UAD is better implemented. I want to like "you" Matt, so help me help you. I'm not alone either.