UAD 3.6 discussion

[chad hampton]

Yes. That kind of data has been around and available for quite a while. Over the years I spoke with a lot of people who owned lakefront homes, and they were generally not shy about sharing what was important to them in the buying decision.



We saw the same thing, with a further distinction between shallow water coves and deep water coves. That might not be the case in other markets.

Yeah, it gets tricky at the end of the cove. A lot of those lots wont allow a dock, and some are dry half the year. And it’s just my opinion, but a lot of those lots at the end of coves are pretty nasty with stagnant water and debris.

 

[Sadie]

Have you seen the surface area of windows in your MLS? Normally its just floor to ceiling windows or something if its more than typical.

There is a separate field for that in our system that the realtors fill out with supreme accuracy!

 

[Non Sequitur]

I'm hearing the GSEs finally approved Aivre for 3.6, can anyone confirm?

 

[Surf Cat]

Its not threshold, its the ground underneath. Will someone's head explode when the front door is 100' above grade? "Approximate elevation from grade to the bottom of the front door (Ground Level, Up to 1 foot, 1-2 Ft… 10 or more feet)" Can't wait for the reviewer's comments on that one.

Sadie..... my quip was "a joke" as to how ridiculous the front door elevation requirement is.

For those appraisers appraising in flood zones, maybe you think otherwise. But I don't think a one to three foot difference is going to make significant difference value-wise..... or stop the water from coming in the house if there is some sort of flooding event.

 

[shrubberyvaluation]

Sadie..... my quip was "a joke" as to how ridiculous the front door elevation requirement is.

For those appraisers appraising in flood zones, maybe you think otherwise. But I don't think a one to three foot difference is going to make significant difference value-wise..... or stop the water from coming in the house if there is some sort of flooding event.

I don't recall any MLS listing bragging about the front door elevation.

 

[Sadie]

Sadie..... my quip was "a joke" as to how ridiculous the front door elevation requirement is.

For those appraisers appraising in flood zones, maybe you think otherwise. But I don't think a one to three foot difference is going to make significant difference value-wise..... or stop the water from coming in the house if there is some sort of flooding event.

I knew you were kidding. Its stupid and unnecessary.

 

[alebrewer]

Measuring the data points is more important than the appraisal.

AI can easily do the appraisal.

It just needs data points.

This is exactly the trajectory. And to be fair - appraisers bear a significant amount of the blame. Had appraisers been willing to keep up with technology, and had they been doing actual analysis (instead of using a cheat sheet), we may have delayed the inevitable to some extent...

 

[alebrewer]

I'm hearing the GSEs finally approved Aivre for 3.6, can anyone confirm?

Saw a post from Jake yesterday that they hadn't yet, but were expecting to be the first approved.

 

[chad hampton]

I'm hearing the GSEs finally approved Aivre for 3.6, can anyone confirm?

Wouldn't surprise me. They've paid their dues - sponsored plenty of conferences. Owner has a good tech bro look.

No idea what their company does or how they are trying to reinvent the wheel, but doubt I ever will know.

 

[J Grant]

I knew you were kidding. Its stupid and unnecessary.

It's not about the value - it's about getting free data gathering (form the appraiser ) for end use risk-related flood cert entry elevation ( so they can avoid paying for a survey)