UAD 3.6 discussion

[alebrewer]

We have Starlink at our farm - and I get better down and up than I do hardwired into my office network. I kinda don't think they thought through the broadband thing very well.

 

[Surf Cat]

We have Starlink at our farm - and I get better down and up than I do hardwired into my office network. I kinda don't think they thought through the broadband thing very well.

The subject property is equipped with internet service however, per the borrower, they rely on satellite service for their internet. Therefore, the subject property is consideted inferior in internet service in comparison to comparables 1 and 3. Thus, a - $5,000 was assessed.

 

[alebrewer]

The subject property is equipped with internet service however, per the borrower, they rely on satellite service for their internet. Therefore, the subject property is consideted inferior in internet service in comparison to comparables 1 and 3. Thus, a - $5,000 was assessed.

Damn - that's a bit harsh isn't it?

 

[Bobby Bucks]

Yes. I am taking 3.6 course now. Knowing fact / knowledge is one thing. But how can we handle double or triple the workload and responsibility? Will fee double and triple as well? Right now just make everything ready, then keep side line... Let software vendor stabilized first. Right now doing all the report in the cloud. Still have some interruption which make report even slower.

These are my concerns. Step 1: additional time in the field, step 2: additional time filling in all the drop down menus, photos, additional comments, etc. step 3: getting the report to actually upload flawlessly to the client. Even when they resolve steps 1 &2 which appear to be taking forever, ) I sense there will be nightmares with step 3 that are 10 times as annoying as what has happened historically with ACI “hot spot” or whatever they’re calling that upload lately.

 

[Surf Cat]

Damn - that's a bit harsh isn't it?

Revision request: Appraiser to provide determination of Internet adjustment.

The lender is to be made aware that while AI and regression analysis can calculate the difference in square footage or bedroom counts, they cannot detect if a home has slow internet speeds, smells like wet dog, cigarette smoke, or last night’s fish fry. All of which significantly impacts marketability and value. Thus, the appraiser used his innate geographical competency, knowledge of the local market, along with conversations with local Realtors to determine the internet adjustment.

 

[alebrewer]

Revision request: Appraiser to provide determination of Internet adjustment.

The lender is to be made aware that while AI and regression analysis can calculate the difference in square footage or bedroom counts, they cannot detect if a home has slow internet speeds, smells like wet dog, cigarette smoke, or last night’s fish fry. All of which significantly impacts marketability and value. Thus, the appraiser used his innate geographical competency, knowledge of the local market, along with conversations with local Realtors to determine the internet adjustment.

Dude... I hope these are making into your comment templates. Gold, I tell ya!

 

[Jlerner04]

Deal killer for me. Once you've used Spark and had the grid and subject all filled out for you, along with the market data with charts and graphs, along with the cost approach..... with all this done, you really do get to concentrate on "what we do best" which is determining the market value.

Filling out the 3.6 from scratch each and every time is like a neanderthal hitting a big rock with a small rock trying to create the wheel.

Well said

 

[chad hampton]

There’s appraisers out there that don’t fill out the sales grid on their own?

 

[David S]

The subject property is equipped with internet service however, per the borrower, they rely on satellite service for their internet. Therefore, the subject property is consideted inferior in internet service in comparison to comparables 1 and 3. Thus, a - $5,000 was assessed.

What?

 

[Fernando]

Internet service? WTF about that. What does that have to do with appraising?
Maybe a concern in boony areas but internet is everywhere here with different companies, some better than others.
Same with cell service. Some better than others.