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In version 2.4 and below, Appraise-It Pro used an automatic adjustments system based on Appraise-It Classic's.
As of version 2.5, Appraise-It Pro includes a vastly expanded automatic adjustments system that supports all adjustable comp grids in the form library via a set of shared automatic adjustments addenda. Every quantitative data point that is safe and reasonable to adjust automatically now has an automatic adjustment option.
Basic Use
1. With your report open in Appraise-It Pro, find the appropriate adjustments addendum in the Report pane.
2. In the Unit column, enter appropriate unit values for your market for the line items you wish to automatically adjust.
3. In the On? column, check the boxes for the line items you wish to automatically adjust.
4. In your comparables grid, enter values in the Description fields for your subject and your comps. Appraise-It Pro will automatically calculate and insert adjustments based on the values you entered in step 2.
Shared Addenda
For simplicity and consistency, there is now one automatic adjustment addendum per comp type (plus two UAD-specific addenda for sales and listings).
Each comp type's adjustment addendum includes a line item for every possible adjustment option in that comp type, regardless of which report or form is currently in use. However, if a given line item doesn't apply to the current report -- for example, if you're working in a condo report so none of the single-family options are valid -- it will be read-only:
Adjustment Calculations
The majority of adjustments follow a simple formula: the value entered in the comp's description field is subtracted from the value entered in the subject's description field, the result is multiplied by the unit value you specify on the automatic adjustments addendum, and that product is inserted as the comp's adjustment.
Several types of automatic adjustments are more complex; their calculations are explained in their own articles:
Thresholds
If you only want an automatic adjustment to be inserted if it meets or exceeds a certain value, you can specify a threshold. This will prevent small adjustments from being inserted for differences between the subject and comp that aren't worth adjusting.
In the threshold column, enter a value, then check either the % or $ box to indicate whether that value is a percentage of the comp's sale price or a flat rate.
For example, assume your comp's sale price is $339,000. If you enter 0.5 and check %, the calculated adjustment will only be inserted if it's at least $1,695. If you enter 1000 and check $, the calculated adjustment will only be inserted if it's at least $1,000, regardless of the comp's sale price.
Prefilled Adjustment Values
You can use the Excellent/Good/Average/Fair/Poor grid on the right side of the addenda to prefill values that make sense in a given market or neighborhood and save them in a template. Checking the box next to the field will copy that field's value over into the Unit field for use in the automatic adjustment calculations.
