Uniform Appraisal Dataset – Today’s Tip

by Wendell Browne on June 3, 2011

Today’s Uniform Appraisal Dataset Tip deals with the handling of actual age vs. effective age in the sales comparison grid. Currently, some appraisers utilize actual age only and some appraisers report the age of the properties in the format of Ax /Ex.

Will this format require change with the implemetation of the UAD ?

The answer is YES.  Only actual age can be entered.

age

For appraisers using alamode software, here’s a sneak peak of the software in action.

{ 2 comments… read them below or add one }

1 Tom Horn

Thanks for the tip Wendell. I usually use the Ax/Ex format, so I guess that will change.

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2 Wendell Browne

You bet, Tom. Yes, lots of changes will take place compared to the current methods.

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