Spark vs Quicksource hands free MLS imports?

[Dublin ohio]

MLS mis reports property types , calling a 2 story condo a townhouse ( fee simple ), over stating sf living area by including the garage and so on. But public records can also be off, for various reasons. True computers are less error prone with street address or folio numbers and the like.

Our MLS has adopted the RESO standard for properties. It is appraiser unfriendly and has increased the time it takes me to do sales searches as well as having to spend more time "scrubbing" data if using any of the software tools like spark, etc.

 

[Surf Cat]

I really hope that Spark works with uad 3.6.

From what I gather, the new uad is going to follow the trend of not having a program on your computer. It's going to be cloud-based, ala Microsoft Office 365.

Spark already works like this. You don't have the program on your computer, you sign in online. You import your data from the MLS and the Spark grid, market trends, and cost approach are all online. When spark finds a discrepancy for GLA, site area, bathroom count, Etc. It highlights the discrepancy in red text so you can investigate public records, the MLS or Assessor's data.

Only when you finalize the data in Spark (solve the discrepancies, whittle down the number of comparables, arrange the comparables in the order you would like to see in the report, etc.) do you download the file so it Imports into say, Wintotal.

So all spark has to solve is their web-based data being transferred to the uad 3.6 web-based file to import to the correct areas of the 3.6 web-based form.

Sounds simple enough. Then again, I'm not an IT, code writer so, it very well may be a nightmare.

 

[Joe Flacco]

They are going to get cut out. There is no reason why the form software won't have data import built in. It's like what Steve Jobs said about Dropbox. The service is a feature, not a product.

 

[Joe Flacco]

My best guess is the data import companies will be expanding their app to take the report to completion.

 

[Joe Flacco]

Your dreams are coming true. You put in 6 MLS numbers, let the software do the rest, and then click a button to sign and deliver the report. Here is $100 for you.

 

[Surf Cat]

Your dreams are coming true. You put in 6 MLS numbers, let the software do the rest, and then click a button to sign and deliver the report. Here is $100 for you.

What's your source for this? How about discrepancies against public records or the Assessor's data? Do you still have to drive the comps and photograph them?

If appraising is going to data collecting as opposed to analyzing the differences and features between the comps and the subject, then an iPad in the field just might work. Check boxes, drop down descriptions on what best describes the subject/comps, enter your MLS numbers as you say, (I'll only do three, not six like I typically do) and send. Done deal.

All those Fannie guidelines are going to have to change though....

 

[ZZGAMAZZ]

I think the most commonly used definition would be: A triplex is a three-unit residential structure with a single owner, akin to a duplex or fourplex. While a triplex is made up of three separate residential units incorporated into one structure, the units usually share one or two common walls.

Per the Oxford Dictionary: Dictionary
Definitions from Oxford Languages · Learn more
tri·plex
/ˈtriˌpleks,ˈtrīˌpleks/
noun
1.
NORTH AMERICAN
a building divided into three self-contained residences.

While not a big deal, I would find your defining a duplex with a separate ADU as a triplex as misleading. It does not define what is actually there. Hopefully your pictures and improvement description accurately represented the existing improvements.

yes indeedy,in fact I probably described the improvements tooooo thoroughly consequently attracting lender attention. I acquised with that factor in mind, as well as the absence of a defiitive industry-based definition. Been awhile and I'm unsure whether it pertained to that specific thread but J.G. a year or so ago eloquently described the appraiser's reliance on the per-unit functionality rather then street definittions. I also kinda realized that the distinction had litle functional relevance .... so why not just make a wise business decision rather than die on tht hill.

 

[NC Appraising]

 

[NC Appraising]

 

[NC Appraising]

I'm grandfathered in with alamode.

Here is my before and after grid with MLS export. I customized it how I wanted it. The verification, fee simple, heating cooling is setup up to automatically get filled in and is not from the MLS.

Spark, I'm not sure if you can customize it like alamode. Spark also uses the deed, I prefer to use the apn.

As Joe stated, you still have to check the data. In my opinion, checking with realist is not good enough. You are just checking the data from the same source.

Other software also imports the prior sales, owners name, apn, etc.

Overall, it's a time saver.